Typical Bridging Loan Costs

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.

Typical Bridging Loan Costs

Most people are more familiar with the process of selling their old house first before purchasing a new one. But the process of selling takes so much time and effort that your chances of being able to get that new house sooner rather than later can be affected. Bridging finance may be a good option if you want to buy your next home before you sell your current one, but then you'd have to deal with banks and other conventional lenders' slow and manual processes. 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 'The Bridge Loans', 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 'Typical Bridging Loan Costs' in search of faster options. The technology we have available allows us to deliver fast turnaround times, so you can focus on other important things in your property journey, like sprucing up your old home for potential buyers or getting settled in your new home.

With our technology and team of experts, you don't have to look for 'Typical Bridging Loan Costs' online anymore. Let us help you take the first steps in securing our fast bridging loan. So, stop searching for 'Types Of Bridging Loans' and 'Together Bridging Loans' online, and minimise the stress of financing your next dream home. Our fast bridging loan option allows us to accommodate every Australian - whether you're looking for a downsizer bridging loan because of lifestyle changes or considering an upsizer bridging loan because of your promotion at work. Our low doc bridging loan options are designed to help borrowers who do not have the standard PAYG payslips. You can focus on decisions that matter and find a buyer for your current property, no matter the loan you need. Moreover, you don't have to repay two mortgages when you secure your next dream home; we will pay your existing mortgage for you. Because of our technology and expert teams, you'll never be forced to miss out on your next dream home again due to slow financing processes.

You no longer have to keep searching for 'Bridge Loan Eligibility' and 'Low Cost Bridging Loans' 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. You won't have to worry about additional hidden charges since the total loan amount already includes a reasonable setup fee. Submit an online application through our website, and hear back about your approval and the amount you can 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. Our experts will complete the assessment of your property and review the details, and then you can sign the documents digitally and reach settlement within 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 'bridge loan'. 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.