Can You Use A Bridging Loan For Deposit

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.

Can You Use A Bridging Loan For Deposit

Although a lot of work, most people moving into a new place would have to first sell their current property to pay off the new one. Since this method involves a time-consuming process, a great number of Australians would be inclined to look up 'Can You Use A Bridging Loan For Deposit' or other related terms online and would usually settle with a traditional bank lender that could take weeks or even months to get them approved for short-term finance. We understand you need to act quickly to secure a great option for your dream home, so wouldn't you rather do away with lengthy procedures and find a service that offers excellent solutions? Not a problem; the team at Bridgit can assist you, as we're dedicated to offering loans that can cover the housing arrangement you want in the future. What's great about our service is that your search for 'Can I Get A Bridging Loan' can, at last, come to a close. Simply use our online setup, and discover firsthand how we shorten application times. Scroll through the Bridgit platform, complete our easy application in minutes, and become part of our empowered community of Aussie homeowners. Get bridging loans today so you can access your property's value before you sell it.

Bridgit's fast bridging loans are perfect for you if you've been searching for 'Can You Use A Bridging Loan For Deposit' online. Whatever your circumstances or image of your dream home may be, you can control the process of buying and selling. Instead of searching for 'Define Bridge Financing' and 'Can You Get Bridging Loans For House Purchase' online, don't miss the opportunity to own your dream home ever again with one of our fast bridging loan options. Whether you want to consider a downsizer bridging loan to live a simpler and more practical lifestyle or you're considering an upsizer bridging loan to move into a larger home in the suburbs, Bridgit provides you with the flexibility to move according to your own needs. Our low doc bridging loan makes the process easier for those who have difficulty providing conventional proof of income. Our fast settlements allow you to move in as soon as possible, so there's no rush to accept the first offer you get on your old property. You can then spend more time finding the right buyer for your current home instead. We also take care of your existing mortgage, so you only focus on one. Instead of spending thousands on short-term living expenses, let us handle the closing process while you search for your perfect home.

If you could use some help in your search for 'Bridging Loans And Stamp Duty' or 'Short Term Finance Options', Bridgit's here to lend a hand. The loans we offer range from $300,000 to $8,000,000. There are no hidden costs involved, and you only pay the total amount at the end of the term. Our process is quick and easy. Just fill out the form on our website. Within 24 hours, you'll hear back from us regarding your approval and the amount you are eligible to borrow. If you accept the conditions of the loan, just pay a small deposit to move forward. All you have to do is digitally sign the documents after we've completed the assessment of your property, and then you will reach settlement within a few days. Then, you can be on your merry way to the house of your dreams. We also have a fantastic customer service team who can answer any questions you may have about 'short term property loan' and 'what is a bridge loan'. Unlock your home's equity and use it to buy a new home today with 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.