Loan purpose:
Owner occupied or investment property:![](https://brighten.com.au/wp-content/uploads/2022/09/loan-purpose-purchase.png)
Short term loan to fund the purchase of a new property prior to selling an existing property
Suitable borrowers:
Prime![](https://brighten.com.au/wp-content/uploads/2022/09/suitable-borrowers-salaried-employees.png)
Salaried employees
![](https://brighten.com.au/wp-content/uploads/2022/09/suitable-borrowers-self-employed.png)
Self-employed
Repayment types
![](https://brighten.com.au/wp-content/uploads/2022/09/repayment-types-principal-interest.png)
During the Bridging Period, the interest budget will be retained and no repayment will be required. Principal and Interest repayments will be required on the end debt.
Interest rate types
![](https://brighten.com.au/wp-content/uploads/2022/09/interest-rate-types-variable-rate.png)
Variable rate
Loan size
![](https://brighten.com.au/wp-content/uploads/2022/09/loan-size-min.png)
Min $250,000
![](https://brighten.com.au/wp-content/uploads/2022/09/loan-size-max.png)
Max $5,000,000
Maximum LVR
![](https://brighten.com.au/wp-content/uploads/2022/09/max-lvr.png)
Peak Debt: ≤1.5m Max. 80% LVR; ≤5m Max. 70% LVR
End Debt: up to 80%
Maximum loan term
![](https://brighten.com.au/wp-content/uploads/2022/09/max-loan-term.png)
Bridging Period: Minimum 6 months, maximum 12 months
Total loan term including the Bridging Period: Up to 30 years
Repayment method
![](https://brighten.com.au/wp-content/uploads/2022/09/repayment-method.png)
Direct Debt, BPAY, Pay anyone
Acceptable security
Category 1 and 2 Postcodes![](https://brighten.com.au/wp-content/uploads/2022/09/acceptable-security-apartment.png)
Apartments
![](https://brighten.com.au/wp-content/uploads/2022/09/acceptable-security-townhouse.png)
Townhouses
![](https://brighten.com.au/wp-content/uploads/2022/09/acceptable-security-house.png)
Houses
Online Access
![](https://brighten.com.au/wp-content/uploads/2022/09/online-access.png)
Through the Brighten Home Loans portal