Interest Only 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.

Interest Only Bridging Loan

Most people are more familiar with the process of selling their old house first before purchasing a new one. Due to the lengthy and difficult process of selling, you may have a harder time getting that new house sooner rather than later. While you are searching for a new home, bridging finance is a great option to consider, but if you were to get it from a conventional lender, you would have to deal with the slow and manual process banks follow. As a non-bank lender, our bridging loans at Bridgit can help you bypass all those frustrating and unnecessary steps. Rather than scouring the internet for information on 'Interest On A Bridging Loan', you can use our short-term loan options to get the financing you need for that new house now and handle the sale of your previous home from the comfort of your new one. You can finally stop looking up 'Interest Only Bridging Loan' in search of faster options. As a result of our technology, we have the ability to deliver fast turnaround times, so you can focus on other important things, such as preparing your old home for potential buyers or settling into your new home.

No more sifting through 'Interest Only Bridging Loan' results only to get overloaded with information that you won't even use. No matter what your questions about 'Invest In Bridging Loans' or 'Land Bridge Loan' are, our fast bridging loan products come with the flexibility you need. Are you a recent retiree looking to move into a smaller home close to a loved one? A downsizer bridging loan can help you with that. If you've got a family that's outgrown the space of your current house, you can consider an upsizer bridging loan and get some extra room for the kids to run around in. Bridgit also takes a common-sense approach to income verification, so if you are self-employed or have trouble presenting the standard documents, we accept alternate forms of documentation with our low doc bridging loan. Bridgit allows you to handle the affairs of your previous home's sale with a clear head by letting you move in sooner rather than later so you can make better decisions instead of worrying about the mounting costs of storage and temporary living. We even pay off your existing mortgage, so that you only have to deal with one mortgage on your new home.

You no longer have to keep searching for 'Duration Gap Definition In Finance' and 'Bridging Loan Brokers' online; Bridgit is here to help. We offer loan amounts from $300,000 to $8,000,000, with some room for adjustments depending on exceptional circumstances, as well as a loan duration of twelve months. The total loan amount includes a reasonable setup fee, and you don't have to worry about any additional hidden costs. Online applications are available through our website, and we will let you know if you have been accepted and how much you are able to borrow within 24 hours. When you are content with the terms of the agreement, simply make a small initial deposit to move on to the next step. We will complete the assessment of your property, then afterwards, you can sign the documents we send over digitally and reach settlement in a few days. After that, you can move on to the final step of securing your new home - buying it and moving in. Our wonderful customer support team at Bridgit will be happy to address your questions about 'short term property loans' and 'bridging loan interest rate'. Get access to your home's equity so you can buy your dream home without having to sell your current one first. Talk to us at 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.