Should I 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.

Should I Get A Bridging Loan

A traditional financing option is usually accompanied by a long and tedious process whenever you're looking for a new house. If you sold your current house at a bad time, you would have spent thousands on relocation and storage expenses. In order to avoid the hassles of having to move from one house to another, many people apply for bridge loans. It comes as no surprise to find that a lot more Australians are searching 'Should I Get A Bridging Loan' online and settling with outdated traditional bank lenders. You don't have to rely on slow and manual processes anymore. The Bridgit platform provides Australian homeowners with an improved financing option using technology designed for today. Bridging loans were lagging in the industry, and customers were paying the price for it, so we decided to take action. So instead of searching for 'Short Term Home Loans Australia' and other terms, work with Bridgit today to take advantage of the flexibility of bridging loans so that you don't have to put your whole life on hold. Australian homeowners can take the next step in their lives without the hassle of traditional financing procedures with Bridgit, a non-bank lender that connects them with modern, digital financing solutions.

Bridgit's fast bridging loans are perfect for you if you've been searching for 'Should I Get A Bridging Loan' online. It is possible for you to control the process of buying and selling a home regardless of your circumstances or vision. Instead of searching for 'Where Can I Get A Bridge Loan' and 'Who Can Get A Bridging 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. With our fast settlements, you'll be able to move into your new home as soon as possible, so there's no rush to accept the first offer you receive. 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. Rather than spending thousands on short-term living expenses, you can concentrate on finding your perfect home while we handle the settlement process for you.

If you still aren't convinced that Bridgit can end your search for 'Short Term Bridge Loan' and 'Bridge Credit Loan', we also have client-forward terms and conditions. We allow you to settle your loan early without incurring any exit fees during the twelve-month loan period at Bridgit. In addition to our smooth and convenient application procedure, you can benefit from a competitive setup fee included in the total loan cost. Once we credit you as an eligible borrower, we'll send you the loan summary, and you just need to provide a small initial deposit to finalise the process. When used for your next purchase, equity is an excellent resource for speeding up the process of buying your next home. And, with Bridgit, we ensure that you are able to assess the equity of your home to empower your decisions and enable you to pursue your dream home. If you ever have concerns about 'bridge loan' or 'bridging loan', then feel free to contact our support team. Don't let your new home remain a dream. Talk to us at Bridgit today.

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.