How Much Will A Bridging Loan Cost Me

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 Much Will A Bridging Loan Cost Me

Based on an increase in searches for 'How Much Will A Bridging Loan Cost Me', it appears as if more and more Australians are considering finance options like bridge loans. A house can take almost half a year to sell, depending on its condition, location, and price. It can be stressful and time-consuming to buy a new house before selling your old one. While you wait for your old house to sell, you may have to pay for expensive temporary housing and storage. In the meantime, your new dream home could be snatched up by someone else as you're encumbered by the tedious, manual processes of traditional banks. You shouldn't have to spend hours searching for 'Green Door Bridging Loans' 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.

You can satisfy your search for 'How Much Will A Bridging Loan Cost Me' and take your first steps into learning how you can eliminate the hassle of applying for financing options with Bridgit. So instead of searching for 'How Much Is A Bridging Loan Cost', 'How Much Would A Bridging Loan Cost', or other similar terms, you can leverage the technology and expertise of Bridgit to find exactly what you need for your dream home. Using our different fast bridging loan options, you can consider a low doc bridging loan if you're self-employed and have difficulty showing standard proof of income but want to start looking for your first home. You could even consider a downsizer bridging loan if you're undergoing a lifestyle change and want a simpler life. Or perhaps you're just looking to start a new chapter in your life with your partner with an upsizer bridging loan. No matter your circumstance, if you qualify for a loan with Bridgit, then we can help empower your life decisions. The Bridgit team makes buying a new home hassle-free and stress-free for you by providing you with the means to sell your current home before you buy your new one. We want you to make the best possible decision without sacrificing your comfort to make it.

If you could use some help in your search for 'Do You Need A Deposit For A Bridging Loan' or 'Commercial Finance Melbourne', Bridgit's here to lend a hand. The loans we offer range from $300,000 to $8,000,000. There are no hidden costs involved, and you only pay the total amount at the end of the term. 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 'short term bridging loans' and 'bridge loan calculator'. 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.