How Much Interest Do You Pay On A Bridging Loan

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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.

How Much Interest Do You Pay On A Bridging Loan

Based on an increase in searches for 'How Much Interest Do You Pay On A Bridging Loan', it appears as if more and more Australians are considering finance options like bridge loans. It can take almost half a year to sell a house, depending on the condition of the house, the location, and the price. 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 'How Does A Relocation Loan Work' 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.

Seeing that you want to put an end to your search for 'How Much Interest Do You Pay On A Bridging Loan', you can now start your journey to new home ownership at Bridgit. Benefit from our fast bridging loan options that can align with your unique needs as a homeowner - whether you were curious about 'How Much Bridging Loan Can I Get' or maybe 'How Long Does A Bridging Loan Take'. If you're retiring and looking for a much more manageable space to move into, then our downsizer bridging loan will surely meet your standards. In the same light, if you want more space for your home business, you can opt for our upsizer bridging loan. Are you having trouble showing conventional documents such as proof of income? In that case, the common-sense approach we've implemented for our low doc bridging loan will make everything easier. Just match your situation and lifestyle with one of our options to experience unique advantages. Firstly, you can take a breather when it comes to selling your current house since our funds will cover the new purchase for now. By using our service, you'll also get to save on storage expenses and temporary rental fees. Last but not least, the funds we'll send can pay off your mortgage obligation, and our quick settlement will let you lock in property opportunities sooner than others.

If you could use some help in your search for 'Hung Bridge Loan' or 'Best Relocation Loans', Bridgit's here to lend a hand. The loans we offer range from $300,000 to $8,000,000. You only have to worry about paying the total amount of the loan at the end of your term, and there are no other hidden costs involved. Our process is quick and easy. Just fill out the form on our website. Our team will contact you within 24 hours to let you know if your application has been approved and how much you can borrow. If you accept the conditions of the loan, just pay a small deposit to move forward. Our experts will value your property and verify all the necessary details, and then all you have to do is digitally sign the documents and wait a few days to reach settlement. 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 loans' and 'bridging loans'. Unlock your home's equity and use it to buy a new home today with Bridgit.

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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.