Bridging Finance

Buy before you sell

If you'd like to purchase a new property before you sell your existing one, Bridging Finance could be just what you're looking for.

Bridging Finance provides a service to existing Commonwealth Bank customers who have sold their existing property (but not yet settled) and require finance for the deposit on a new property.

Non Commonwealth Bank customers may also be eligible subject to application.

You can also benefit from our Bridging Finance by:

Making unlimited lump sum payments, depending on the terms of your finance. (Restrictions apply to Fixed Rate Loans)
Choosing to make Principal and Interest or Interest Only repayments
Reduce the bridging loan from the sale proceeds of your existing home, once settlement is affected

Deposit Guarantee option

If you need to pay a cash deposit when signing your contract to purchase a residential property and your cash is tied up in other investments, a Deposit Guarantee may also be an ideal option for you.

Find out more about Deposit Guarantee.

Important Information:
Customers should be aware that their existing home needs to be sold within 12 months from the disclosure date. The bridging period commences from the disclosure date recorded on the front page of the loan contract schedule.

Viridian Line of Credit cannot be used for bridging finance.

Applications for finance are subject to the Bank’s normal credit approval. Full terms and conditions are included in the Loan Offer. Other fees and charges are payable.

View the Consumer Mortgage Lending Products Terms & Conditions