Bridging Finance How Does It Work

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.

Bridging Finance How Does It Work

For many Australians, moving to a new place can be a significant change, but they usually wait to first sell their current home before they can buy another. They search online for terms such as 'Bridging Finance House Purchase' in an attempt to make the transition easier. But bridging loans can be complex and a hassle when you have to go through the outdated processes of traditional lenders and financial institutions. We at Bridgit are here to lend a hand because we're committed to offering efficient finance solutions to help you with your upcoming home purchase. Our flexible short-term loan options can get you settled and financed in no time. As an added bonus, the process is completed completely online, so you won't need to travel to a branch to sign documents or wait in line for your number to appear. Finally, you won't have to search for 'Bridging Finance How Does It Work' to get the help you need. We strive to provide the best experience for our customers. We saw how traditional financial institutions' processes turned away potential clients, which is why we built our own custom technology to improve the bridging loan application and lending processes.

Consider your days of endlessly scrolling through results for 'Bridging Finance How Does It Work' over. Our range of available fast bridging loan products is sure to include something to suit your needs, no matter what your concerns about 'Bridging Finance Interest Rates Australia' or 'Bridging Finance Investment' may be. Whether you're looking to save on overhead and move into a smaller property with the help of a downsizer bridging loan, or if you need extra room to set up a home gym using an upsizer bridging loan, then Bridgit is here to help. Most conventional lending policies at banks and other institutions exclude anyone who struggles to provide traditional documents such as PAYG payslips or other standard income verification, but here at Bridgit, our low doc bridging loan option welcomes alternative forms of documentation. With Bridgit, you don't have to deal with the awkward transition period of staying with a friend or living in a motel while you wait for financing to go through for your new place. You'll be able to move into your new place immediately and put your energy and time into getting a good deal on the sale of your old house. Your previous mortgage payments will also be covered by the loan agreement, so you won't have to worry about that.

Instead of searching for 'Bridging Loan For Land' and 'Gap Analysis Finance' online, learn how Bridgit can help empower your decisions through our client-forward terms and conditions. There are no exit fees in case you happen to resolve your bridging loan before the end of the twelve-month loan term. It only takes a few days to go from loan application to property appraisal and signing settlement documents. Just fill out our application form, and we'll get back to you within 24 hours regarding your approval. Then when you are satisfied with the conditions of the loan offer, accept it by making the initial deposit. All you need to do is sign the documents after the appraisal and verification of the property has been completed, and you'll be on your way to settlement soon. Equity can be an excellent resource to speed up the process of buying your next property. If you ever have any inquiries about 'bridging loan interest rate' or 'short term property finance', then feel free to contact our support team. Unlock your property equity before you sell. Talk to us at Bridgit today.

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.