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Bridging Loan

A bridging home loan fills the gap between buying or building and selling.

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Our ratesWhat you getSelling your old homeFees and chargesApply

Bridging loan with the clean money bank

If you're waiting to sell property and you’re buying or building another, that’s where our Bridging Home Loan could help. It's available for up to 12 months.

When your old property sells, you pay back the loan in full plus interest, or convert any amount remaining to another home loan. It makes managing your money easier – no need to make double the repayments while you wait.

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Our rates

Finder Green Awards 2023
Green Bank of the Year
7.85 % p.a.
Best variable rate
LVR of ≤ 75% applies
Effective 28 March 2025
7.9 % p.a.
Comparison rate
Based on a loan of $150,000 for 25 years
Fees and charges may apply
Comparison rate warning
View full rates table
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Calculate your borrowing power

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Understand what you may be able to borrow with a Bridging Loan.

Clean money

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Understand the difference clean money makes to people and planet.

Why choose this loan?

  • Up to 12-month loan term
  • No monthly fee
  • No 1st valuation fee

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Is this product right for you? Find out more

Signature features

StarStarStarStarStar
"We are proud to be with Bank Australia knowing it’s an ethical choice that supports a healthy environment."
Marnee and Diego from NSW
See more on Productreview.com.au
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This simple loan bridges the gap between buying and selling or building. It could be just what you need while navigating an otherwise complicated time.

Clean money

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Home loan interest payments support a bank committed to using money as a force for good.

Dedicated support

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We’re here to answer your questions and support you through to settlement.

Eco pause

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Pause repayments after you’ve been with us a while to pay for new green household elements like solar.

Standard features

Learn about the features and functions of our Bridging Home Loan, from what it covers to who can apply.

What it covers

How it works is that the loan can cover 3 things – the amount owing on the existing property, the contracted price for the new one, plus any legal fees and other purchase costs involved. 

Up to 12-month term 

To give you time to sort out the sale and settlement of your current home, this bridging loan lasts up to a year. We don’t charge fees if you pay it off sooner.

Buy or build

It’s not just for property purchasing. You can apply if you're building a new home and your existing sale is yet to go through. 

Bridging loan Interest and repayments 

Interest is calculated daily. At the end of the loan term, you repay this plus the amount you borrowed – or you can convert the loan to another Bank Australia home loan. 

Compare loan features
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What happens when you sell your old home?

When you reach settlement on your old home, there are 2 ways our Bridging Loans can play out. Either way, we can help you make the change.

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Pay it out in full

You could take this route if your old home sells for more than the loan amount.

Man in a room sitting on a chair with a laptop on his lap and a dog beside him
Convert to another loan

If you still have debt with the new house, your Bridging Loan can convert to another home loan.

Above: Reece Stubbs, General Manager of The Sociable Weaver and Bank Australia customer

Customer story

Reece is building sustainable homes

"It’s quite amazing to see the amount of carbon that’s reduced by building a 7.5+ or 8.5+ star home.”

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Read more

Fees and charges

Here's what to expect with our Bridging Loan. Be sure to factor in related costs - like stamp duty, legal fees and building reports.
What it's for
Amount
Establishment fee (new Bank Australia home loan)
$595
Establishment fee (existing Bank Australia home loan)
$295
Monthly fee
$0
1st valuation fee
$0
Additional valuation fee
$150
Variation fee
$150
Mortgage discharge fee
$350 + government fees
What it's for
Amount
Establishment fee (new Bank Australia home loan)
$595
Establishment fee (existing Bank Australia home loan)
$295
Monthly fee
$0
1st valuation fee
$0
Additional valuation fee
$150
Variation fee
$150
Mortgage discharge fee
$350 + government fees

See all fees and charges‍

More than a bank

Sure, Bank Australia has a user-friendly app, internet banking, and all the other things you’d expect of a customer-focused bank. But we’ve got so much more, too.

We’re 100% customer-owned, which means you have voting rights. We don’t pay our execs bonuses, which means more funds are used to support people and the planet. And we’ll never use your money (or anyone’s, for that matter) to fund harmful industries like fossil fuels, live animal exports or nuclear weapons.

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Find out more
Sheep grazing in an open field with wind turbines in the distance.

Money, People & Planet

Cooking with induction: Okonomiyaki with Simon Toohey
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Indigenous Cultural Connections is helping businesses facilitate genuine First Nations engagement
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International Women’s Day: Celebrating our brilliant customer and partner organisations
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See more at the Bank Australia blog
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Things you need to know

GENERAL ADVICE

  • Any information and advice does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you and seek any third party advice you need.
  • Before deciding to apply, we provide and recommend you read our Financial Services Guide.
  • All applications are subject to a credit assessment and approval. Terms and conditions apply. All applicable terms and conditions will be included in our loan offer.
  • Additional fees and charges may be payable – all relevant details will be included in our loan offer.
  • Information and interest rates are current as at the date of publication and are subject to change at any time, at the discretion of Bank Australia Limited.
  • This document does not constitute a contract for finance.
  • * Comparison Rate: The Comparison Rate is based on a loan of $150,000 for 25 years. Fees and charges may be applicable.

    IMPORTANT: The Comparison Rate applies only to the example given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees, early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.
  • Terms and conditions, fees and charges apply. Loans subject to normal lending criteria and approval.