Bridging Loan

From 8.39% variable rate & 8.72% comparison rate

Residential – Our Bridging Loan offers a short-term financing solution to simplify property transitions. This loan enables applicants to purchase or build a new property before completing the sale of their current one. La Trobe Financial combines both loans, adding future interest to the total loan amount. This unique feature removes the need for repayments during the bridging period, making the transition between properties much smoother.

Key Benefits

Seamless Transitions

Our Bridging Loan is crafted to streamline the process of moving from one property to another, ensuring a seamless transition.

Temporary Funding

Tailored for individuals requiring temporary funding to acquire or construct a new property before finalizing the sale of their current one.

Zero Repayment During Bridging

By integrating future interest payments into the loan amount, no repayments are necessary during the bridging period, alleviating financial pressure.

Full Doc

Current Rate^: 8.39%

Comparison Rate*: 8.72%

Security Type: Residential or Commercial security

Loan Purpose: Purchase or Construction

Verification Required: Last 2 pay slips and employment reference or last 2 years financials

Minimum Loan Amount: $100,000

Maximum Loan Amount: $25,000,000 (70% LVR), $5,000,000 (75% LVR), $2,000,000 (80% LVR)

Maximum LVR: 80%

Loan Term: Interest budget period set to suit applicants requirements (maximum 2 years), where there is to be residual debt – terms can be provided up to 30 years

Repayment Type: Interest only during interest budget term reverting to P&I up to 30 years

Redraw Available: Yes^

Application Fee (Excl. Val. & Legal Fees): 1.25%

Risk Fee: $0

Additional Repayments: Yes

Low Doc

Current Rate^: 8.39%

Comparison Rate*: 8.72%

Security Type: Residential or Commercial security

Loan Purpose: Purchase or Construction

Verification Required: Borrower repayment declaration PLUS one of the following; accountant’s letter, BAS or Trading Statements

Minimum Loan Amount: $100,000

Maximum Loan Amount: $25,000,000 (70% LVR), $5,000,000 (75% LVR), $2,000,000 (80% LVR)

Maximum LVR: 80%

Loan Term: Interest budget period set to suit applicants requirements (maximum 2 years), where there is to be residual debt – terms can be provided up to 30 years

Repayment Type: Interest only during interest budget term reverting to P&I up to 30 years

Redraw Available: Yes^

Application Fee (Excl. Val. & Legal Fees): 1.25%

Risk Fee: $0

Additional Repayments: Yes

Let's Get Lending From The Expert

We Are Here To Help

Scottie Financial was established because a much better way of delivering Australian specialist lending is available and overdue.
More than ever, brokers and borrowers need a specialist lending partner able to bring them:

✔️ A comprehensive and flexible product range

✔️ Competitive rates with no ongoing fees
✔️ Comprehensive digital operations, delivering faster and simpler approvals across all loans every time

✔️ A highly experienced Credit team equipped to deliver high quality service and results to all business partners.

Terms of Us

Responsible Lending

Cyber Security

Target Market Determination

Complaints

Level 17, Angel Place, 123 Pitt Street, Sydney, NSW 2000

* Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly payments. 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. The interest rate quoted is effective 4th December 2023, the actual interest rate applicable will depend on our assessment criteria. Terms, conditions, fees, charges and Scottie Financial lending criteria apply.