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Bridging Loans Australia

Ever Wonder How To Find Bridging Loans Australia Can Trust? Bridgit Is Here!

Navigating the fluctuating Australian property market and needing bridging loans Australia can trust? Caught between selling your cherished home and securing your next dream space?

Enter Bridgit: your guide to the world of bridging loans Australia-wide. Let’s peel back the layers of this financial solution, helping you bridge property goals seamlessly and fully understand topics like ‘How does a bridging loan work?’

Introduction to Bridging Loans and Bridgit’s Edge

The Contemporary Australian Bridging Loan Landscape

Bridging loans, colloquially known as bridging finance, present a lifeline to Aussies wishing to transition homes seamlessly. Traditionally viewed as a last-ditch effort due to simultaneous mortgages’ financial implications, their relevance has surged in recent years.

Notably, homeowners grapple with a dual obligation: servicing both their original mortgage and the bridge loan. Coupled with typically steeper bridging loan interest rates and a stringent twelve-month repayment deadline, this journey can be taxing.

Bridgit: A Trailblazer in Bridging Finance

In an effort to reshape every bridging loan Australia-wide, Bridgit rose to prominence as an innovator with a clear intent: to demystify these short-term loans. Our goal is to make bridging loans both accessible and appealing, regardless of market unpredictability.

The Bridgit Advantage in Bridging Finance

Treading Beyond Traditional Financing

Bridgit transforms the traditional financing landscape with its unmatched flexibility and customer-centric approach. We have rapidly carved ourselves out as an exemplary short-term property finance solution, empowering homeowners to unlock their property’s equity for new purchases before saying goodbye to their current homes.

Traditional bank avenues, while highly regarded, often fall short of matching the flexibility homeowners seek today. They may remain elusive or unreliable to those in a race against time, but with bridging finance, the narrative shifts and the benefits of bridging loans become more apparent.

Swift, Transparent, and Hassle-Free: Bridgit’s Unparalleled Bridging Loan Experience

Our efficient application process takes five to ten minutes, with an impressive twenty-four-hour bridging loan approval process.

Additionally, we expedite the settlement process, completing it in just a few days. What truly sets us apart is our customer-friendly financial structure.

We provide no annual fees, monthly fees, or early repayment fees. With us, you no longer have to worry about managing your current mortgage at the same time as your new one; we’ll refinance it as well into the one loan, and you’ll see that we truly do provide bridging loans Australia can count on.

Disclaimer: Unless otherwise specified, the opinions expressed in this article are strictly for general informational purposes only and should not be taken as financial advice or recommendations. Any views are subject to change without notice at any time.
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
Frequently Asked Questions (FAQ)

What is the purpose of a bridging loan?

Bridging loans, as the name subtly hints, essentially ‘bridge’ financial gaps. How does a bridge loan work? They provide temporary financing to buy a new property before selling the existing one. Typically, they serve as a short-term loan option for individuals searching for their next home. Oftentimes, their primary utility can be seen when one is stuck between buying a new house and selling an old one.

Bridging loans Australia-wide relieves the often dreaded capital squeeze, ensuring funds are readily accessible and streamlining simultaneous buy-sell transactions. At Bridgit, we acknowledge the unique challenges homeowners face, and through our bridging finance options, we endeavor to make this transitional phase a breeze. With us, you can buy your next dream home before selling your current one.

Are there restrictions on the types of properties for which I can use a bridging loan?

Bridging loans Australia-wide cast a wide net when it comes to property types. Whether you’re eyeing a quaint residential abode or an investment property set to multiply your returns, our bridging loans have got your back.

Bridgit prides itself on offering solutions tailored to diverse property aspirations. However, it’s always prudent to delve into the specifics, and we encourage potential borrowers to connect with our team for intricate details on any exceptions.

Can I use a bridging loan to purchase property in a different state?

Absolutely! The beauty of bridging loans lies in their versatility. If your dreams lead you across state borders, Bridgit’s bridging loans will follow suit. We’re poised to finance properties through bridging loans Australia can trust, ensuring our customers’ aspirations aren’t geographically tethered.

Nevertheless, it’s essential to ensure the chosen location aligns with our financing provisions. So, if interstate property ambitions call out to you, trust Bridgit to help you out.

Introducing Bridgit: Pioneering Modern Property Financing

Bridgit, a name synonymous with empowerment and innovation, emerged in 2021, geared to redefine how Aussies interact with bridging loans. Recognising a gap in the market, we aimed to put the trust back in bridging finance and ensure homeowners no longer foot the bill for outdated processes. Instead, we present a promise – a chance to jump on the opportunity to buy your dream home without the rush to sell first.

Our tech first approach accelerates approvals, helping many leap to their next life chapter without the stifling wait typical of traditional finance. But speed isn’t our sole virtue; our advanced tech framework allows our experts to concentrate on the core – guiding and aiding customers who need bridging loans Australia can be confident in.

Delve deeper into the bridge loan meaning, what is bridging loan and how do bridging loans work to witness Bridgit’s transformative finance approach.

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Bridging essentials

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Aussie based crew

We’re here to help, if you have any questions get in touch.

Weekdays 9am – 5:30pm

1300 141 161
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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.
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^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.