Bridging Finance Loan
Our Bridging Finance Loan operates in a similar manner as a Secured Personal Overdraft (with the interest rate aligned to the Come-n-Go Line of Credit Rate) and provides the opportunity to purchase your new home prior to the sale of your existing home.
You can also use this facility if you want to remain in your existing home while you await the construction of your new home.
Your loan will then convert to an ongoing loan facility of your choice.
Features and benefits
|Loan term||Short term/temporary facility|
|Minimum loan amount||No minimum loan amount|
|Repayment options||Flexible so you can pay any amount, as long as the balance stays within the credit limit.|
|Low Doc Option||No|
- Bank of Queensland branches
- A vast network of ATMs
- Cheque book
|Reference rate||Come-n-Go Line of Credit Rate|
|Current rate||The current rate is available on the Today's rates page.|
Fees and charges
Application fee: $495
Agreed Credit Advance Fee Charged quarterly on the last day of February, May, August and November 0.25% of approved overdraft limit
Valuation fees are payable. Government fees and charges apply. Fees and charges are payable. Normal credit assessment criteria apply. Full terms and conditions are available at any Bank of Queensland branch. Interest rates quoted are indicative only, and are subject to change without notice.
How to apply
To apply for a Bridging Finance Loan, drop into a BOQ branch and speak to someone face to face or call one of our friendly customer service consultants on 1300 55 72 72.
Please view the terms and conditions listed below on the Terms and Conditions page: