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Short Term Loan Against Property

The Bottom Line On A Short Term Loan Against Property

For those looking to fund a home purchase, a short term loan against property is an option to consider when it comes to financing.

Short term loans against property, such as a bridging loan or direct short term loan, are a form of lending where your property serves as security. The loans are designed for homeowners seeking quick financial solutions, such as purchasing a home while another property is being sold.

The good news is that property-backed loans, such as a short term mortgage or bridge loan, are on the rise, especially among those needing faster or more convenient financing options to buy their dream home.

That’s why, at Bridgit, our approach to short term property financing is tailored to meet your unique needs. With our tech-forward approach, we offer a direct, expedited loan process that's not just fast but also transparent and flexible.

With a Bridgit asset-based loan, you're taking the first step towards financial freedom and empowerment.

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 a short term loan against property?

A short term loan against property is a secured type of loan that uses the borrower's property as loan security. Generally speaking, lenders determine the loan amount based on the equity in the property.

These short term home loans are an ideal short term financing solution for those looking to leverage their property's value swiftly and effectively, providing a dependable short-term loan option for buying property.

To this end, bridging loans offer homeowners the opportunity to purchase their next home without having to sell their existing one right away. By taking out a bridge loan, they can use the equity in their existing property to fund their new home, allowing them to find the perfect home before selling.

What are the eligibility criteria for obtaining a short-term loan against property?

Qualifying for a short term loan against property typically will require a formal credit assessment so that formal approval can be provided.

To that end, Bridgit offers short term property funding in the form of flexible, fast, and secure bridging loans to help you buy your next home. We lend to a wide range of borrowers, whether you are self-employed, retired, or a standard-income earner. Our friendly customer service team can provide you with a full list of the documents you'll need to complete your Bridgit loan application.

Bridgit makes navigating the world of bridging loans straightforward. With our team of experts who will guide you through every step, you can confidently make informed financial decisions on a short term loan against property without the hassle and typical stress.

Transforming Home Financing with Bridgit

Bridgit specialises in bridging loans, helping Australian homeowners secure their dream homes without the pressure of immediately selling their current properties.

Homeowners often find themselves in limbo because of the slow, cumbersome processes that are typical of traditional lending practices, like a loan for short term rental property. Bridgit challenges this norm by implementing a 'tech-first' approach to the likes of a short term loan against property, offering a swift and smooth process from the application stage to potential approval.

With bridging as an alternative home loans financing solution, we at Bridgit can offer you the solution you need and the flexibility you desire. This innovative approach to short term property finance helps us empower our borrowers to move forward with housing purchases without delay.

Every Australian deserves an opportunity to step into their next chapter of life with support from a financial ally that has their interests in mind. Apply for a bridging loan with us today.

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.
‍
^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.