Average Bridging Loan Interest Rate

Trustscore 4.8

134 reviews

Buy now, sell later

From 8.24% p.a, 8.33% p.a comparison rate^

Set-up fee from 0.79%
Loans up to 12 months
Funding up to $8M
LVR up to 80%

Why Bridgit

24 hour approval

Progress quickly and buy with confidence. We will come back to you regarding an approval offer in under 24 hours.

No monthly repayments

Avoid the added stress of monthly fees. Repay your loan in one sum after the sale of your existing property.

No missed opportunities

Don't miss out because of slow processes, unlock your property equity in 24 hours.

The Bridgit Solution

At Bridgit, we’re all about helping Aussie homeowners unlock their property wealth. With our specialist bridging loan solution, you can unlock your property equity before you have sold your existing property. We can help you with:

  • Downsizing
  • Upsizing
  • Investing
  • Retirement living
  • Delayed settlements
  • Cosmetic renovations
  • Financial consolidation
  • Marital separation
Learn more
The Bridgit Loan Calculator

Buy now, sell later

$
$
$
$
Buy new property
(less contribution)
$800,000
Existing
mortgage
$500,000
Sell existing
property
$2,000,000
Your estimated loan calculation
Estimated principal amount
$1,300,000
Your cash after sale
$700,000
Estimated principal amount
$1,300,000
(LVR 43%)
Based on the information provided your Loan to Value Ratio (LVR) may be too high. To help you we require some additional information; feel free to get a quote or schedule a call with our team.

Please submit an application or quote to receive a detailed breakdown of your loan amount.

Buy now, sell later

From 8.24% p.a, 8.33% p.a comparison rate^

Set-up fee from 0.79%
Loans up to 12 months
Funding up to $8M
LVR up to 80%

Simple process, faster approval

Apply online in under 5 minutes and get 24 hour approval. Don’t miss the opportunity to buy your dream home today.

Apply now

Headache free,
stress free

No monthly repayments and up to a 12 month loan term, giving you plenty of time to sell your existing property.

Learn more

Expert support,
Aussie based

Our specialist team is here to support you every step of the way.

About us
Want to know more? Bridgit FAQs

Trusted by customers
who Bridgit

Customer Service at its best.

Everyone I dealt with at Bridgit was helpful and responsive. Candice (BDM) checked in with me regularly to make sure everything was going smoothly and Andrew kept me in the loop. I recommend Bridgit highly.
- Sue Farnham

Get 24 hour approval with Bridgit

01

Submit application

Apply online and receive 24 hour approval. Tell us some details about yourself and see how much you can borrow.

02

Accept the offer

Accept your loan offer by making a small upfront deposit and progress your application to the next stage.

03

Purchase your property

Apply online and receive 24 hour approval. Tell us some details about yourself and see how much you can borrow.

*Subject to the loan scenario and outgoing lender processes onrefinance (if applicable).

04

Sell

Sell your existing property and pay down your Bridgit loan. No rush, you have up to 12 months.

Average Bridging Loan Interest Rate

Most of the time, people who are hoping to move into a new home have to undergo the dreaded process of selling their current property before they can purchase a new one. For that reason, thousands of Australians have been considering finance options by looking up 'Average Bridging Loan Interest Rate' and settling for a traditional bank lender, but usually, they would find themselves encumbered by slow, manual processes. Instead of dealing with such purchasing roadblocks, why don't you just take advantage of the bridging loans we have at Bridgit and avoid the time-consuming processes you'd usually come across? Here, we're beyond dedicated to providing you with quick non-bank lending for all sorts of housing needs. With short-term loans with excellent flexibility, borrowers of all types can afford their dream home. What's more, you can finally end your search for 'Are Bridging Loans Secured', as our 100% online setup does a great job at cutting through the red tape. We leverage technology to provide fast turnaround times, giving you the freedom to focus on important decisions in your life, such as buying the perfect property, rather than being bogged down by filling out forms and paperwork. Unlock the value of your property without having to sell it first.

You don't have to continue searching for 'Average Bridging Loan Interest Rate' online if you decide to work with Bridgit today. Unlike traditional bank lenders, we leverage technology to minimise the hassle of filing paperwork to enable you to make better decisions without missing out on opportunities. Instead of searching 'Average Bridging Loan Rates' and 'Are Bridging Loans Still Available' online, you can get started with financing your next home with our fast bridging loan. We offer different types of bridging loans for every type of Australian, such as newlywed couples looking for a large home to start a family with an upsizer bridging loan. We even accommodate people who want to live a pragmatic lifestyle with a downsizer bridging loan. Maybe you're struggling with providing conventional proof of income to your financial institution. In that case, our low doc bridging loan options are designed for borrowers like you. To make buying and selling your home as easy as possible, we want to help you eliminate the stress of the lending process. Moreover, we've designed our application process to be as quick and thorough as possible so that you don't have to miss out on an opportunity to pursue your dream home. You can unlock the equity of your property before you sell it with Bridgit, so you don't have to rush into any deal and can choose the most advantageous one.

You no longer have to keep searching for 'Online Bridging Loan Calculator' and 'Bridge Loan Risks' online; Bridgit is here to help. We offer loan amounts from $300,000 to $8,000,000, with some room for adjustments depending on exceptional circumstances, as well as a loan duration of twelve months. You won't have to worry about additional hidden charges since the total loan amount already includes a reasonable setup fee. Submit an online application through our website, and hear back about your approval and the amount you can borrow within 24 hours. When you are content with the terms of the agreement, simply make a small initial deposit to move on to the next step. Our experts will complete the assessment of your property and review the details, and then you can sign the documents digitally and reach settlement within a few days. After that, you can move on to the final step of securing your new home - buying it and moving in. Our wonderful customer support team at Bridgit will be happy to address your questions about 'short term property finance' and 'bridging loan'. Get access to your home's equity so you can buy your dream home without having to sell your current one first. Talk to us at Bridgit.

A woman wearing headphones and a black shirt.

Aussie based crew

We’re here to help, if you have any questions get in touch.

Weekdays 9am – 5:30pm

1300 141 161

Disclaimer

Eligibility and approval is subject to standard credit assessment and not all amounts, term lengths or rates will be available to all applicants. Fees, terms and conditions apply.

^Comparison rate is calculated on a $150,000 secured loan over a 25-year term. WARNING: Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rates. Comparison rates for interest only loans will not reduce your loan balance. This may mean you pay more interest over the life of the loan. Bridging Loan set up fee is from 0.79% and government charges apply.