What Are Bridging Loans

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.

What Are Bridging Loans

More often than not, most people looking to move into a new home would have to go through the lengthy process of selling their current property before they can think about buying a new one. For that reason, thousands of Australians have been considering finance options by looking up 'What Are Bridging Loans' and settling for a traditional bank lender, but usually, they would find themselves encumbered by slow, manual processes. Instead of dealing with such purchasing roadblocks, why don't you just take advantage of the bridging loans we have at Bridgit and avoid the time-consuming processes you'd usually come across? Here, we're more than devoted to giving you a fast non-bank loan deal for practically any housing need. With the convenient short-term loans we have, all types of borrowers can purchase the property of their dreams. What's more, you can finally end your search for 'Typical Interest Rate On Bridge Loan', as our 100% online setup does a great job at cutting through the red tape. We leverage technology to provide fast turnaround times, giving you the freedom to focus on important decisions in your life, such as buying the perfect property, rather than being bogged down by filling out forms and paperwork. Unlock the value of your property without having to sell it first.

Seeing that you want to put an end to your search for 'What Are Bridging Loans', you can now start your journey to new home ownership at Bridgit. Benefit from our fast bridging loan options that can align with your unique needs as a homeowner - whether you were curious about 'Unsecured Bridging Loan' or maybe 'Understanding Bridge Loans'. If you're retiring and looking for a much more manageable space to move into, then our downsizer bridging loan will surely meet your standards. In the same light, if you want more space for your home business, you can opt for our upsizer bridging loan. Are you having trouble showing conventional documents such as proof of income? In that case, the common-sense approach we've implemented for our low doc bridging loan will make everything easier. Just match your situation and lifestyle with one of our options to experience unique advantages. Firstly, you can take a breather when it comes to selling your current house since our funds will cover the new purchase for now. You'll also get to avoid short-term rental fees and storage services when you choose our offer. Lastly, you can settle your mortgage fully with our funds, or you can use our turnaround and transfer speeds to purchase property deals before anyone else.

If you still aren't convinced that Bridgit can end your search for 'Best Relocation Loans' and 'What Is A Bridge Loan And How Does It Work', 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. If you use equity for your next purchase, you will be able to speed up the process of buying a house. 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 'short term property finance' or 'bridging loan interest rate', 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.