How To Calculate 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 To Calculate Bridging Loan

When you're trying to sell a house, many factors play a role, such as its condition, location, and price. All things considered, it could take almost half a year to sell. Back then, if you were looking to buy a new house before selling your old one, it would take forever as the selling process would take long. You could be sitting waiting for your old house to sell, and all the while, your new dream home would be slipping away. It's no wonder that more Australians are considering other finance options by looking up 'How To Calculate Bridging Loan' online and settling for traditional bank loans. However, they would quickly find themselves encumbered with tedious, manual processes. We understand that you want the flexibility of bridging loans without having to spend hours on redundant manual processes. Instead of spending time searching 'How Much Is Bridging Finance Australia' online, at Bridgit, we avoid the time-consuming processes and focus more on allowing you to pursue your dream home. We reduce the reams of paperwork you have to fill out so you can focus on making big decisions, such as buying the perfect house. Unlock the value of your property without having to sell it.

End your search for 'How To Calculate Bridging Loan' with Bridgit, and take your first steps towards owning your new dream home by letting us help you minimise the hassle of applying for financing options. Instead of endlessly searching for 'Short Term Mortgage Calculator', 'How To Qualify For Bridging Loan', or other similar terms, find exactly what you need for your dream home with our fast bridging loan options. By leveraging technology and expert teams, we enable you to access your property's value without needing to sell it first. We've got a financing option for different situations, such as if your children are leaving the nest and you want to consider a downsizer bridging loan, or if you're expecting a new addition to your family and want to apply for an upsizer bridging loan. At Bridgit, we've got you covered, even if you're having trouble proving your income the conventional way and need a low doc bridging loan to finance your purchase. We will accept alternate proofs of income instead of conventional proof of income when you apply for this type of loan. Take advantage of our quick settlement process to make tempting offers for your dream home and never miss out again.

Still searching for 'Loans For Relocation' and 'Bridging Loan For Land'? Throughout your application process, we at Bridgit will do our best to support and accommodate you. We strive to build trust with our clients so that we can work together to provide you with the means to progress in life without needing to put everything else on pause. You could even be approved for a Bridgit loan within 24 hours. You don't have to wait for weeks to make use of your property's equity to find your perfect new home. By helping you access your home equity, Bridgit aims to empower your decisions and let you pursue your dream home. Moreover, our expert team leverages our technology and knowledge to ensure that you can focus on the things that matter - making your dream home a reality. If you ever have questions or concerns regarding 'short term bridging loans' or 'what is a bridge loan', you can contact our support team. Bridge the gap between your current home and your dream home with Bridgit. Let's talk about how you can bridge it today.

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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.