Bridging Loan Definition

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 Loan Definition

You could miss out on dream opportunities because you haven't sold your current property, since it can take a long time to get mortgage approval. Bridging loans can help. It's no wonder that more Australians are searching for 'Bridging Loan Definition' online. The traditional methods, however, often result in lengthy manual processes that make it a tiresome task. At Bridgit, we understand that Aussies dream of owning their ideal homes without having to put everything on hold. That is why Bridgit is here to give you access to bridging loans to help you progress in life. Bridging is our thing - as a non-bank lender, we bring you modern benefits from flexible short-term property loans to fast decision-making. In the past, you would have had to make do with traditional and manual solutions that took weeks or even months to complete. It is now easier and more convenient than ever before to secure a deal on your dream home using our digital lending service. The application process with us will be much more convenient than that of other financial institutions, as our process takes only a few minutes to complete. Bridgit enables you to purchase a new property now and sell your old one later on by releasing the equity of your old home.

If you've been searching online for 'Bridging Loan What Is It', 'Bridging Loans Interest Rates', or something similar, you don't need to look any further. We offer a wide range of fast bridging loan options to meet the needs of Australian homeowners, whether you're an empty nester looking for a downsizer bridging loan to move into a cosier little house, a young professional thinking about an upsizer bridging loan after a promotion, or anybody in between. You can focus on getting the ideal home for your needs with our help. And if you're looking to buy a similar property but work independently and don't have traditional documentation like a PAYG payslip - don't worry; we also have a low doc bridging loan option. See for yourself how Bridgit's options can aid you in getting that new house. You don't have to wait long to make a bid on your ideal property with our fast settlement process; you also won't have to spend money on hotels or room with a friend during the transition. You can use your spare time to focus on getting your current home sold. As part of the deal, the loan will even cover your current mortgage, so you only have to worry about one payment instead of two.

If you've pored over the search results of 'Bridge Loan To Build A House' or 'Best Relocation Loans' in search of answers, now you know how Bridgit can help. The process of getting started is straightforward and simple. At Bridgit, we offer an unbeatable settlement range; you receive anywhere from $300,000 and $8,000,000 for your bridging property loan. The loan repayment term is twelve months. There is a one-time fee that is built into the overall cost of the loan. Once your loan has been funded, you will not be subjected to any additional costs. All you have to do is fill out our online application with some background information to see how much you can borrow. We'll get back to you within 24 hours regarding your approval. When you are satisfied with the conditions of the loan offer, accept it by making the initial deposit. After we have done the appraisal and verifications of the property, all that is left for you to do is sign the documents, and you can be on your way to settlement in as little as a few days. After that, all that's left to do is go out and close on your dream house. If you live in Australia and have any questions about our bridging loans, 'short term property loan', 'bridging loan calculator', or anything else, feel free to contact our friendly and knowledgeable customer service team, who will be happy to help you out. Unlock the equity in your house, and move into your dream home without the hassle here 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.