Frequenlty Asked Questions (FAQ)

What factors influence my bridging loan interest rate?

In most cases, bridging loan interest rates are variable. These rates are determined by the economic climate as well as the policies of the specific lender in question.

Unlike traditional lenders, who take a rigid and uniform approach to all loans, we tailor our pricing and loan size according to risk. By doing so, we are able to offer our customers better bridging loan interest rates when they possess a lower loan-to-value ratio (LVR), a prime asset, and a good credit history.

How does the loan term affect the interest rate?

At Bridgit, we calculate your interest in advance. This means you don’t have to worry about making monthly repayments during your loan term. If you repay your loan early, your interest will be recalculated and your repayment amount reduced to reflect your actual term. For example, if you repay at 2 months, your final repayment amount will be reduced to reflect only 2 months of interest.

Can I get a quote for a bridging loan interest rate online?

If you want to see an estimate of our short-term financing rates before applying, we have a handy bridge loan calculator on our platform.

This tool helps you gauge your borrowing capacity and provides you with a ballpark of real estate loan rates and bridging finance costs. Just fill in a few details, like your current property’s anticipated sale price, the expected cost of your next purchase, and any outstanding mortgage details. The result is a clear insight into your potential bridging loan interest rates and overall cost.

Remember, this estimate is only meant to serve as a starting point for you to make an informed decision. For more support and information on bridging loan interest rates for your specific situation, we recommend that you get in touch with our customer service team.

Bridgit: Pioneering the Future of Bridging Loans

The traditional bridging loan system had seen its heydey, and homeowners were bearing the brunt of its antiquated methods. At Bridgit, we understand the value of a dream home and the urgency of stepping into it without the hassles of selling your current one. We want you to be able to purchase on your terms without compromising or waiting.

There’s no need to search for terms like ‘bridge loan meaning’ or ‘bridging loan calculator Australia’ any longer. Our Australian-based team, dedicated to bridging the property dreams of countless homeowners, is ready to help. You can reach them between 9 a.m. and 5.30 p.m. on weekdays.

Remember, with Bridgit, it’s always about propelling you forward – enabling you to buy on your own terms while we handle the intricacies of finance. Apply now and get a bridging loan Australia-wide with us!