Relocation Loan

Remove the burden of expensive bridging finance with a Relocation Home Loan

Trying to coordinate the sale of an existing property with the purchase of a new one can be stressful. If you don't synchronise the two, you can end up needing expensive bridging finance, or you might be unable to secure the new place you want. With the Relocation Home Loan you can buy your new home or investment property before you’ve sold the old one, so you get your new home sooner. And the Relocation Home Loan makes moving affordable – and we can structure it so you don’t need to make repayments until you sell your existing home. You can even apply for a Relocation Home Loan if your existing home loan is with another financial institution.

Borrow the deposit for your new property straight away
Borrow the balance at settlement
You can even borrow additional expenses, such as stamp duty and removalist expenses
You have six months to sell your existing home and if you’re building, up to an additional six months to build your new home

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The Loan

Interest type

Variable interest rate

Term

Take up to six months to sell your current home
Take up to a further six months if you’re building your new home.

Can be used for building

Available for vacant land

Repayments

Frequency

Choose to pay weekly, monthly or fortnightly

Additional payments

Make additional payments at any time ¹

Automatic repayments

Set up convenient automatic repayments from your nominated account

Interest-only option

Choose monthly interest-based repayments¹

Features and benefits

Ability to increase loan amount²

Applying for additional funds is simple ²

Redraw facility

Get access to extra payments you make with a convenient redraw facility ²

Interest Offset facility

100% interest offset to help you save interest and own your home sooner (partial interest offset also available). Only available on the end loan

Repayment Pause

Not available

Family Pledge

Maximise the amount you can borrow when a parent or other family member guarantees part of your home loan

Flexible Choice Home Loan

Enjoy the benefits of a fixed and a variable rate (on the end loan only)

Deposit Protect Bond

Keep earning interest on your deposit monies right up until settlement by using a Deposit Protect Bond instead of paying a cash deposit immediately

Learn more about the Relocation Home Loan

Call a home loan expert on 13 33 30 8am - 9pm (AEST), 7 days a week.

Apply now

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1. Applies to the end loan. The Relocation portion must be repaid on the sale of the existing property.
2. Subject to the Bank's approval. Applications are considered only on the end loan