Bridge the gap between the sale of your home and your future plans with Property Credit.
Whether you're selling to upsize, downsize, retire, or simply pay off debt, Property Credit can help you access the equity in your home. There’s no need to miss out because you're waiting for a longer sale or settlement process.
Require a deposit on your next dream home but haven't sold yet?
Want to buy a caravan or book that holiday now?
Need to downsize before your sale goes through?
Prefer to pay off some of those other debts now, rather than waiting for settlement?
Property Credit is here to help.
In most cases, when selling your home there is the equity between your sale price and the mortgage debt you have with the bank. This is the 'locked-up' value you have in your home that ordinarily you can't access until after the bank has been repaid.
Property Credit provides a short-term finance solution to help bridge the gap between what you plan to do after the sale of your existing property, and now. When you sell your existing property, you repay your bridging loan with nothing to pay until that time.
No minimum. The maximum is 6 months.
Access as little as $6,000. Depending on a number of factors including the stage of your property sale (eg. just listed or under contract) you can access up to 80% of the value in your property, up to a maximum of $800,000*.
*Higher amounts are available, subject to special application - contact us for further information.
At a minimum, applicants must be actively selling their property and have a signed exclusive sales agreement with a licenced agency.
Yes, while you are still committed to selling your property. Subject to standard approval processes.
No. We are a finance company offering financial solutions to real estate professionals and their clients.
Subject to us receiving all the necessary information, in as little as 24 hours.