How Long Does It Take To Get A 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.

How Long Does It Take To Get A Bridging Loan

It is difficult to sell a house. From its condition and location all the way to your asking price, you might find that the ideal buyers are few and far between. Each time that happens, you end up spending more on temporary living accommodations and storage fees for your furniture and clothing. It wouldn't be surprising to know that many Australian homeowners are facing your exact problem too. In fact, more and more Australians are searching for 'How Long Does It Take To Get A Bridging Loan' online and finding out what they need are bridging loans. However, you already know how slow and difficult traditional bank lenders can be. So instead of spending hours searching for 'How Does A Bridge Mortgage Work' online, you could be bridging the gap with Bridgit. You could be pursuing your dream home on your terms instead of being bogged down by piles of paperwork and long wait times. We provide Australian homeowners with modern, digital financing solutions that allow them to take the next step in their lives without the hassles of traditional lending. You can unlock the value of your property without sitting in line for hours.

Bridgit's fast bridging loans are perfect for you if you've been searching for 'How Long Does It Take To Get A Bridging Loan' online. Regardless of your circumstances or dream home image, you can control the process of buying and selling. Instead of searching for 'How Does A Bridging Loan Work Nsw' and 'How Hard Is It To Get A Bridge Loan' 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. By allowing us to handle the settlement process for you while you look for your perfect home, you don't have to spend thousands on short-term living expenses.

If you could use some help in your search for 'Qualifying For A Bridge Loan' or 'Loan With Option To Buy', Bridgit's here to lend a hand. The loans we offer range from $300,000 to $8,000,000. All you have to pay at the end of the term is the total amount of the loan, and there are no other hidden fees. Our process is quick and easy. Just fill out the form on our website. Upon receiving your application, we will notify you as to whether you are approved and what the loan amount is. 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 'bridging finance rates' and 'bridging loan interest rate'. 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.