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Bridge Loan Sydney

If you’ve looked up ‘bridge loan Sydney’ before, you already know that there are bridging loan providers to choose from. From traditional banks to online short-term property funding companies, it’s challenging to single out the best lender to trust for your gap financing needs. To help you choose among the bridge loan companies, consider their bridge loan interest rates, bridge loan reviews, and bridge loan lending criteria.

Bridgit is among the best lenders for a bridge loan in Sydney and all of Australia. Our online process allows you to apply for a bridge loan wherever you are. The application takes only about ten minutes, and you can get approval within 24 hours. Bridgit’s bridging loan process is fast and hassle-free, so you don’t miss any opportunities to progress in life.

As a fully regulated non-bank lender, Bridgit provides customers with fast, fair, and flexible offers for their bridging loans. With amazing reviews and testimonials, Bridgit has helped many Aussies step into the next stage of their lives and make their property dreams come true.

There’s a lot to learn before applying for a bridge loan in Sydney, so get answers to common questions related to short-term property finance below.
Owner-occupied
Investment

Residential Bridging Loan

Buy now, sell later

No monthly repayments
Set-up fee from 0.79%
Min $300K, max $8M

8.24

%
p.a.

Variable rate

We offer an introductory rate for the introductory period of the loan term which includes a 1% discount.
We offer an introductory rate for the introductory period of the loan term which includes a 1% discount.
i

8.33

%
p.a.
Comparison rate
Apply now
Up to 12 month loan term
Up to 80% LVR
Downsizers, upsizers, retirees

Residential Bridging Loan

Buy now, sell later

No monthly repayments
Set-up fee from 0.79%
Min $300K, max $8M

8.74

%
p.a.

Variable rate

We offer an introductory rate for the introductory period of the loan term which includes a 1% discount.
We offer an introductory rate for the introductory period of the loan term which includes a 1% discount.
i

8.84

%
p.a.
Comparison rate
Apply now
Up to 12 month loan term
Up to 80% LVR
Downsizers, upsizers, retirees
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.
Get a quote

Please submit an application or quote to receive a detailed breakdown of your loan amount.

Get 24 hour approval

Apply nowSchedule a call

Why buy before you sell with Bridgit?

No income verification

We assess loans based on property equity and asset position.

No monthly repayments

No monthly repayments or fees for the duration of the loan term

No double mortages

We’ll pay your existing mortgage, so you don’t have to worry about two mortgages at once.

Save on temporary living

Move into your home sooner and avoid short-term rental, storage and moving costs.

No missed opportunities

Don’t miss out because of slow processes, unlock your property equity in 24 hours.

Apply nowSchedule a call

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
Trustpilot

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.

Apply NowSchedule a call
How long does approval take for bridge loans in Sydney?
Getting approval for a bridge loan in Sydney can take anywhere from a few hours to a few months, depending on who you choose. How long it takes to get a home bridging loan depends on factors such as your loan’s complexity and your lender’s processes. Traditional lenders have a slow and manual process, so expect their loan approvals to take considerably longer (weeks and months). On the other hand, online bridging finance loans may be approved faster due to digitalised processes.

Bridgit has custom advanced technology that streamlines the process of getting a bridge loan in Sydney and any part of Australia. Simply submit your online application via our platform, which only takes a few minutes. When we get back to you in under 24 hours, we will offer you a summary of your bridging finance rates. Make a small deposit from $900 to confirm your acceptance of our offer.

We will send you the verification documents via email so you can sign them electronically; you don’t even have to leave home to process your Bridgit loan application. We can get you approved within 24 hours and complete the settlement in as little as a few days.

Do I need equity when applying for a bridging loan?
A bridging home loan means you can borrow money against your property equity. This means you need to have some equity over your home to qualify for a bridge home loan. The required home equity to get bridge loans for real estate varies from lender to lender.

With Bridgit, you can use your existing property equity to borrow funds and purchase your next home. You can borrow anywhere from $300,000 to $4,000,000 over 12 months at Bridgit, with a 80% LVR on the combined value of the properties.

If your property sale is enough to settle your loan, we will release the security over your properties. Suppose you still have an outstanding balance after selling your property. In that case, we will partially release the security, and you may refinance the loan with another lender who can offer you a longer loan term.









Other income requirements for a Bridgit bridge loan in Sydney are as follows:

For PAYG income:

    • Proof of at least six months of continuous employment
    • Evidence of two months’ pay

For retirees with income:

    • If upsizing, documents showing pension and super income may be reviewed

For retirees without income (downsizing only):

    • No income verification required
    • Pension and super income may also be reviewed

For the self-employed:

    • Full document on tax returns for the last two years
    • Alternative document of accountant declaration

Is the loan interest on a bridge loan tax deductible?
In Australia, it is possible to claim a tax deduction on the interest rate of a home loan. With that, it is likely to have the mortgage rate and bridging loan interest rate also be deductible. However, specific conditions must be met to qualify for tax deductions on a bridge loan in Sydney. Properties that generate taxable income, such as investment properties, are tax-deductible, but it is unlikely to get a tax deduction on the loan interest of family homes.

Bridgit adjusts pricing and loan size based on risk. We can definitely help you when you have lower LVRs, higher-quality assets, and stronger credit profiles. We don’t charge monthly repayments or early exit fees, so you can settle your loan when ready.

We uphold transparency in all our transactions, so we’ll let you know if you incurred valuation fees, settlement fees, government fees, and the like. You may also ask our team anything about bridging loans and any questions you may have about the process.

No need to leave home to apply for a bridge loan in Sydney – submit your application at Bridgit now, and we’ll help finance your dream home!

Bridging essentials

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
Apply nowSchedule a call
Find your BDM here

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.