Different Types Of Home Loans Australia

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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.

Different Types Of Home Loans Australia

Bridging loans are popular among Australians, and it makes sense why. Selling your old house can take a long time, and this might stifle your chances of securing a new one. What's more, traditional lenders often complicate the process with slow and manual processes. It's no wonder why so many Australians have been looking up 'Different Types Of Home Loans Australia'. Bridgit's mission is to minimise disruptions to the daily routines of those looking to purchase a new home. Anyone who has dealt with a traditional lender or bank knows how time-consuming the process can be. Playing this kind of waiting game can be frustrating, but with Bridgit's use of technology to aid with flexible decision-making, you won't have to miss another opportunity due to slow approvals. The requirements and policies of conventional lending fail to consider the unique and fast-paced needs of some potential borrowers. At Bridgit, we offer individualised bridging loans to suit your case. The application process on our site is fast and easy to complete. A Bridgit loan allows you to take advantage of your home's equity within just a few days, allowing you to move into a new home before the sale of your old one is completed.

If you've been searching online for 'Mortgage Long Term Or Short Term', 'Short Term Mortgage 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. Taking advantage of our fast settlement process enables you to place a bid almost immediately on your ideal property. You also won't have to pay for hotels or to stay with friends 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.

There's no need to keep weighing over the options from your 'Bridge Loan In Banking' and 'Loan For Moving Expenses' research. Our simple and straightforward process makes it easy for you to get started. Our bridging property loans have a minimum loan amount of $300,000 and a maximum loan amount of $8,000,000. The current repayment term for the loan is twelve months. The total loan amount includes a set-up fee. In other words, once your loan has been funded, you won't have to deal with any hidden fees. Using our online application takes as little as five minutes, and we can determine how much you can borrow based on the information you provide. Within 24 hours, we'll let you know if your application has been approved. Accept the loan offer by making an initial deposit when you are satisfied with its terms. It takes only a few days to receive settlement after the appraisal, verification, and document signing are completed. Then, you can move forward with the purchase of your ideal home. Don't hesitate to get in touch with our amazing Australian customer support team to find out more. If you have any queries concerning 'bridging finance rates' or 'short term property loan', they will be happy to help. Bridgit can help you tap into your home's equity so you can buy a new house without having to sell your present one.

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.