Bridging loan

Features - EECU

Key Features


Variable interest rate
EECU Standard loan rate plus 1.00%

Fixed interest rate
n/a

Loan term
From 1 day to 1 year (maximum)

Minimum amount
$20,000

Maximum amount
Refer to an EECU loans officer for details

Purpose
Short term funding when holding 2 properties during period of changing residence

Repayment options
Repayment of principal and interest only required at end of loan

OR

Borrower can choose to make principal repayments during the loan term without penalty.


Settlement fee
$1,200