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The IMB Bridging Loan has been specially designed to provide you with a smooth and hassle-free solution when purchasing prior to selling your existing property.
A Bridging loan is a short term loan to fund the purchase of your new property and is paid out with proceeds from the sale of your existing property. To help ease the financial strain during this period, you don't have to make any repayments on your new loan until your existing property is sold. Interest charges are capitalised – this means they are added to the loan balance.
IMB can set up your bridging loan to your specific needs and you have up to 6 months to sell your existing property. Bridging Finance is only available on IMB's Standard Variable Loan.
Interest rates shown are for new owner occupier bridging loans
Standard Variable | Interest Rate | Comparison Rate2 |
|---|---|---|
All LVRs | 8.96 % p.a. | 9.03 % p.a. |
Review our bridging finance help articles or speak with one of our home loan specialists to better understand bridging finance.
Our home loan specialists are ready to help you navigate buying or building a new home while you sell your current home.
Security is a fundamental right for our customers, and we hold it as one of our core values.
General
Information current as at date of appearance and subject to change. Lending criteria, terms and conditions, fees and charges apply. Minimum total loan exposure $75,000.
You should consider the relevant Terms and Conditions or Product Disclosure Statement (PDS) before deciding whether to acquire any IMB products or facilities. Target Market Determinations available here.
Purpose, repayment type and LVR
Interest rates for each type of home loan are based on criteria that includes purpose (owner occupier or investment), repayment type (principal and interest (P&I) or interest only) and loan to value ratio (LVR). Different interest rates and establishment fees may apply if the purpose, repayment type or LVR is different to the purpose, repayment type or LVR for the interest rate shown.
Rates and features
1. Maximum LVR varies depending on state, occupancy, loan amount, security type and is inclusive of any insurance components added to the loan.
2. This comparison rate is based on a $150,000 secured home loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
