Buy your next property on your terms

24 hour bridging loan approval

Best Lending Innovation

Winner, Finder Innovation Awards

Bridging Finance Rates


Bridging finance rates are an essential consideration to make when applying for a bridge loan. When deciding where to get a bridge loan, it helps to make a quick comparison of different personal bridge loan options. Interest rates, bridging fees, and monthly repayments are some things you may pay for with a home bridging loan. Bridgit offers competitive bridge loan rates just for you!

We offer no monthly repayments for your bridging loan, giving you more time to sell your existing property.

There’s a lot to know about a
bridging home loan, so learn about the critical considerations before applying for one.

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.

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

Get 24 hour approval

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.

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.

Are bridging finance rates negotiable?
Traditional gap financing lenders, such as banks, are usually more strict with their loan terms and rates. On the other hand, online lenders may be more flexible with their bridging finance rates. For example, loan companies may offer more flexible rates when you have a stable income source, high monthly income, or good credit history.

At Bridgit, you can ensure you’ll get a fair deal for your short-term property funding. We will offer you a rate based on your desired loan amount, situation, and terms. We cater to both home upsizing and downsizing needs. If there is no withstanding loan balance after the property sale, we will immediately release the security over your property. In cases of upsizing, you may still have a remaining balance after selling your property. We will release the security of the property you have sold, and you may refinance the outstanding balance on the new home from lenders with longer loan terms.

Will I need to pay exit fees if I repay my bridge loan early?

Many lenders profit not only from interest rates but also from other charges, such as early exit fees. An early exit fee is incurred when a borrower settles their loan balance before the end of the loan period. With some loan contracts, you may have to pay early repayment fees, on top of the loan amount and interest fees, in case of an early loan settlement.

There’s no need to worry about early exit fees here at Bridgit. Our bridging finance rates remain attractive because we don’t charge our customers excessive charges and hidden fees. You can settle your loan as soon as you have sold your property and are ready to pay off your loan. Just because you have insufficient funds at the moment doesn’t mean you can’t progress in life. Our goal at Bridgit is to bridge that gap by allowing you to use your equity, helping you become the proud owner of your next dream home.

How much do I need to pay monthly for bridge loans?

Your monthly loan repayments depend on the loan amount and the loan period. On top of that, you may have to pay interest fees and other charges used to calculate your bridging mortgage rates.

One of the best things about Bridgit bridging loans is that we don’t charge monthly repayments. You can simply pay us the lump sum after selling your property within your loan term. You can borrow between $300,000 to $4,000,000 over 12 months at Bridgit (borrowing more significant amounts may be possible, but we will need to review your application first).

Unlike traditional lenders stuck with slow manual processes, Bridgit has streamlined the loaning process with our state-of-the-art technology. With our online process, you may complete your application for a bridging loan in Melbourne, Sydney, or anywhere in Australia. It only takes about five to ten minutes to complete the application, and you can get approved within 24 hours.

Contact our service-minded and friendly Bridgit team for a bridging loan interest rate or any questions about your unique situation. Feel free to consult our team on which bridge home loan option from Bridgit will best fit your situation.

Getting started with a Bridgit loan is easy. Submit your online application and see how much you can borrow. Accept your loan offer with a small upfront deposit from $900 when your application is approved. Once the funds are released into your account, you can use them to pay off your existing mortgage and make a down payment for your new home. Afterwards, you can enjoy your new home, sell your existing property, and pay off your loan. There’s no rush – you have up to 12 months to complete the sale of your existing home.

We are eager to help you get closer to your dream home! Email us at hello@bridgit.com.au for more information about Bridgit bridging finance rates, or send your loan application online now.

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

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.