ANZ bridging loans

Here's an overview of how a bridging loan works. For more information, chat with your ANZ home loan specialist.

A bridge from your current home to your next one

A Bridging Loan helps you buy a home before you sell your current home, which could give you some breathing space to get your current home ready for sale.

Bridging loans can be pre-approved

Just like a traditional home loan, you can get pre-approval^disclaimer on bridging finance – so you can house-hunt with confidence knowing how much you could borrow.

Borrow up to 80% of the new home's value

You may be able to borrow up to 80% of the value of the new home (known as your Loan to Value Ratio, or LVR).^disclaimer

You've got 12 months to sell your current home

With ANZ, you have up to 12 months from when you settle on your new home, to sell and settle on your current home. This gives you time to prepare your home for sale without a rush, and to plan for settlement.

Same competitive interest rates as a traditional home loan

With the ANZ Standard Variable Rate loan, the repayments are Interest Only during the bridging period. To see current rates, visit anz.com or speak to your Lender or Broker.

There are some things to consider before deciding if a bridging loan is right for you.  

• Not everyone qualifies for a bridging loan. Talk with your ANZ specialist about whether you qualify before making any commitments.
• To be eligible for a bridging loan you must be able to make the repayments on the ongoing loan plus the bridging loan. You may be required to hold savings to ensure you can cover all repayments during the bridging period.
• You should be confident that you can sell your home and pay down the bridging loan within your agreed term of up to 12 months.
• If you're approved for a bridging loan, you'll likely need to manage multiple repayments during the bridging period.

For more information and to help decide if bridging finance is the right option for you, talk to one of our home loan specialists.