BSB 806 015

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BSB 806 015

Bridging Loan

A P&N Bank Bridging Loan is the ideal short term finance solution for when you’ve found your next home but haven’t yet sold your existing property.

Loan term

Up to 12 months

Additional repayments

Yes

A fully secured, short term property funding loan for members who wish to sell existing property and who have found a new property to purchase, or are purchasing vacant land where building contract or preliminary costing have been entered into.

A P&N Bank Bridging Loan allows you to go ahead and negotiate a new property purchase before selling your existing property.

  • Tides you over - a handy, short term loan (6 - 12 months) for owner occupiers.
  • We'll help you borrow what you need - up to 80% of the property value.
  • Flexible repayment options - make additional repayments to pay your loan off sooner.

Interest rates

Product Name Rate
(Variable)
Comparison Rate
Bridging Home Loan 9.52% p.a. 9.53% p.a.

Bridging Loan fees & charges

Monthly maintenance fee$0
Establishment fee (includes one valuation)
includes one valuation$0
additional valuationsat cost*
Switch Fee$300

*At cost refers to costs incurred by P&N Bank resulting from the provision of a product or service requested by the member, which will be passed on to the member.

It’s easy to apply for a Bridging Loan with P&N Bank. Simply get all your details ready and choose how to apply.

How to apply

In person

We can help you apply for a home loan in person at your nearest branch. Be sure to bring along all the documents you'll need.

Over the phone

Call us on 13 25 77 and one of our friendly loan consultants will help you with your home loan application.

We'll come to you

Get in touch with our mobile lending team and book an appointment for a time that suits you. This could be while you're at home or work, or if video appointments are more convenient, we can arrange that too!

What you need

You'll need either primary ID with a photo (ie. passport or driver's licence), or primary ID without a photo (ie. birth certificate or citizenship certificate) plus secondary ID (ie. a utility bill with your name and address on it).

During your application we’ll ask you to provide information, such as:

  • income details (payslips, or if you're self employed, tax assessments for the last two years and financial statements)
  • contact details for your current and previous employer
  • any assets you own (e.g. value of any cars, deposit accounts, properties, etc)
  • any loans, credit cards or other amounts owing

Variable 9.52 % p.a. Interest Rate

9.53 % p.a. Comparison Rate

Enquire Request appointment

Disclaimer

Other fees & charges that apply to all of our accounts can be found on our fees and charges page.

To use this website you are required to read the Credit Guide (which you agree to be provided by accessing this link). Lending criteria applies. Terms and conditions apply and are available on request. Rates stated are subject to change without notice. Fees and charges are payable.

View Home Loan Terms and Conditions

Create a Home Loan Key Fact Sheet

Credit products issued by Police & Nurses Limited (P&N Bank) ABN 69 087 651 876 AFSL/Australian Credit Licence 240701. Lending criteria, terms & conditions, fees & charges apply. Rates subject to change. Target Market Determinations (TMDs) are available for products.

Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. For variable Interest Only loans, comparison rates are based on an initial 3 year Interest Only period. For fixed Interest Only loans, comparison rates are based on an initial Interest Only period equal in length to the fixed period. During an Interest Only period, your Interest Only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or 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.


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