How A Bridge Loan Works

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.

How A Bridge Loan Works

You might have searched 'How A Bridge Loan Works' at some point if you've been looking into bridging loans to finance your new dream home. With long and tedious traditional processes, you are likely to wait weeks or even months. You may already have missed your chance at the dream home by the time you get approved. We saw that the industry was lagging behind in finance options, and everyday Aussies are paying the price. That's why we want to empower Australians to seize the opportunity to buy their dream homes without having to put everything on hold. At Bridgit, we give you access to the value of your property, so you can purchase your dream home without selling your current home. We saw how Australian homeowners were paying the price for slow financial processing; Bridgit incorporates technology by allowing you to apply for bridging loans online. We leverage advanced technology so we can focus on making the bridging loan process easier for you. Not only is working with Bridgit faster than traditional finance processes but everything we do is designed to be more trustworthy. We always aim to provide you with the best solution, no matter your circumstances.

There's no need to scour the internet for 'How Much Can I Borrow On A Bridging Loan' and 'How Long Does It Take To Get A Bridge Loan' in search of help. We offer fast bridging loan options that will work for you no matter what your goals are, whether you are looking to declutter in a smaller home with the help of a downsizer bridging loan or are a pet lover looking for more open space for your furry friends to run about with an upsizer bridging loan. Whatever your lifestyle, we can help you get a loan that works with your budget and needs. If you're self-employed or lack the necessary documentation for a loan but plan on getting a similar property, we also provide a low doc bridging loan option. Take a look at Bridgit's options and see how they can help you to purchase the home of your dreams. With us, you can reach settlement fast, so the property you have been eyeing does not fall into anyone else's hands before you have sorted out your finances. In addition, you won't have to juggle multiple mortgage payments at the same time since your existing mortgage will be paid off. In the meantime, you can have the peace of mind to make better decisions on the sale of your current home.

There's no need to keep weighing over the options from your 'Bridging Finance Brisbane' and 'Bridging Loan Risks' 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. With our online form, you can apply within five minutes, and your information will tell us how much money you can borrow. 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. All you need to do is digitally sign the documents once the appraisal and verification are complete, and you'll receive settlement in a few days. 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 'bridge loan calculator' or 'bridging finance rate', 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.