Bridging Finance Loan
Our Bridging Finance Loan operates as a Secured Personal Overdraft 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
| Feature | Detail |
| 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 |
| Internet Banking | Yes |
EasyPhone Banking | Yes |
| Account access | - Bank of Queensland branches
- A vast network of ATMs
- EFTPOS
- Cheque book
|
Interest rates
Annual Percentage Rate (% p.a.): 10.39% variable
Reference rates: Secured Personal Overdraft Rate
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
Additional Information
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.
To apply for a home loan, complete the application form (PDF 409kb), take it to one of our convenient locations and an appointment with one our lending staff will be arranged for you to discuss the various loans options available. Look at the information we need from you. Call us on 1300 55 72 72 with any queries.
Important information
Please view the terms and conditions listed below on the Terms and Conditions page:
- Personal Banking Guide to Fees and Charges
- Personal Lending Supplementary Terms and Conditions
Information current as at July 4, 2008.
Products issued by Bank of Queensland Limited ABN 32 009 656 740 AFSL 244616. This website contains general advice. This advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of any advice before acting on it. You should obtain and consider the terms and conditions, Financial Services Guide and Guide to Fees and Charges for the product before making any decision about whether to acquire or continue to hold it. You can obtain a copy of those documents from any Bank of Queensland branch in Australia.