Suncorp Bridging Loan
Main Features and Fees...
| Company |
 |
| Interest Rate | Enquire Here |
| Products Available | Variable Rate Loan |
| Offset Account | No |
| Redraw Facility | NA |
| Extra Repayments | Yes |
| Lump Sum Repayments | Yes |
| Product Change | Yes, $300 |
| Portability | NA |
| Construction | NA |
| Split Loan Facility | Yes - 1 free then $200 per split |
| Principle and Interest Payments | No |
| Interest Only Payments | Yes |
| FEES | |
| Upfront Fees | $600 |
| Ongoing Fees | $10 per month |
| Early Exit Fees | $800 first 4 years |
| Discharge of Mortgage Fees | Not supplied |
Notes
Short term loan facility (maximum term if 12
months) and has a variable rate that rises and falls with the market.
Using equity in their existing property, the
customer can take out a
second loan (a Bridging Loan) to buy the new
property; this Bridging
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