Criteria For Bridging Loan

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.

Criteria For Bridging Loan

Based on an increase in searches for 'Criteria For Bridging Loan', it appears as if more and more Australians are considering finance options like bridge loans. It's not surprising; depending on the condition of the house, its location, as well as its price, it can take almost half a year to sell it. It can be stressful and time-consuming to buy a new house before selling your old one. Waiting for your old house to sell could result in high temporary living expenses and storage costs. If you are encumbered by the tedious, manual processes of traditional banks, your new dream home could be snatched up by someone else. You shouldn't have to spend hours searching for 'Corporate Bridge Loan' online. With Bridgit, you avoid these time-consuming processes and focus on unlocking the flexibility of bridging loans. We believe that you should be able to access the value of your property without putting your life on hold and waiting for slow traditional finance options. However, our technology does more than speed up the process; it allows our bridging loan experts to focus on what really matters - helping you. We want to bring more innovative solutions to every Australian homeowner by using technology made for today.

With our technology and team of experts, you don't have to look for 'Criteria For Bridging Loan' online anymore. Let us help you take the first steps in securing our fast bridging loan. So, stop searching for 'Corporate Bridge Loans' and 'Define A Bridge Loan' online, and minimise the stress of financing your next dream home. Our fast bridging loan option allows us to accommodate every Australian - whether you're looking for a downsizer bridging loan because of lifestyle changes or considering an upsizer bridging loan because of your promotion at work. Our low doc bridging loan options are designed to help borrowers who do not have the standard PAYG payslips. For any loans or reasons you may have, you can simply decide what's important and find a buyer for your current property. Furthermore, we will pay off your existing mortgage when you secure your next dream home, so you won't have to worry about managing two. We leverage our technology and expert teams to ensure you never have to miss the opportunity to buy your next dream home because of slow financing processes ever again.

You no longer have to keep searching for 'Short Term Bridge Loan' 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. A reasonable setup fee is also included in the total loan amount, so there are no additional hidden fees. Online applications are available through our website, and we will let you know if you have been accepted and how much you are able to 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. After the necessary assessments, we'll send you a document that you can digitally sign, then expect to receive the settlement in as little 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 bridging loan' and 'bridge finance'. 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.