Brokers
Keeping clients moving with Bridging loans
Say ‘yes’ to fast, flexible lending for your clients.
Bridging Loans are here.
Bridging Loan Product Information
Our Bridging Loans are ideal for clients who need to buy before they sell, offering the speed and flexibility to secure their next property and the breathing room to complete their sale.
- Loans from $200K to $5M (peak debt)
- 6 to 12 months loan terms
- Cash out to max LVR for any purpose+
- No clawbacks
- Full Doc and Alt Doc options
- End debt flexibility
- Capitalised interest available
- No credit score, CCR or DTI requirements
Self-employed
- Full Doc - 1 Year Personal Tax Return and corresponding Notice of Assessment (NOA). Trust and Company Tax Returns if applicable
- Alt Doc - 1 income doc (Accountant Letter, or last 2 BAS, or 6 months business bank statements) and Declaration of Financial Position
- Simplified Self-Employed (company directors only) - 3 months payslips AND last financial year ATO income statement
Loan types
MA Money
Prime
- Borrow up to 80% LVR
- Paid defaults up to $500 (on aggregate) considered
- Self-employed - ABN > 24 months, GST > 12 months
MA Money
Near Prime
- Borrow up to 80% LVR
- ATO and Private debt consolidation^
- Mortgage Arrears: Up to 1 month within the last 6 months
- Credit impairments and other arrears accepted (see Product Guide)
- Discharged from bankruptcy > 1 day
- Self-employed: ABN > 12 months, GST > 6 months
View further information in our Rate & Product Guide.
#Arrears is defined as any late payment or arrears on a credit account (credit card, personal loan, mortgage) where the minimum repayment has not been made within 14 days since the credit contract due date.
^ATO debt and Private Loan debt cannot be consolidated for Prime Loans.
+Cash out from private lenders capped at $200k.