A bridging loan is a short-term fully secured loan, that allows you to finance the purchase of a new home before your current home is sold.
It is also suitable for people who require finance for the construction of a new owner-occupied property while they are actively selling their existing property.
P&N Bank bridging loans are variable rate, interest only loans, with a weekly, fortnightly, or monthly repayment option. Loan terms range between six and 12 months.
For more information on bridging loans, see our Bridging Loan Target Market Determination.