FAQs
We know bridging can be a little complicated and might be new for you, so we have a list of frequently asked questions and answers below:
Bridgit Loans
What is the difference between the introductory rate and bridging rate?
What is a bridging loan in Australia?
What happens if I sell my property before the 12 month life of the loan?
I’ve completed my online application, what’s next?
What determines my valuation fee?
What are the income requirements for a Bridgit loan?
I have sold my home, how do I repay my loan?
I have received conditional approval. Under what circumstances could my loan no longer qualify for unconditional approval?
How is a bridging loan calculated?
How do I sign the documents?
Do I need to sell my house to get a Bridgit loan?
Does Bridgit offer second mortgages?
Partners
What is the repayment process?
What does the application process look like?
What documentation do my clients need?
What are the key benefits for my client?
How long does it take for my client to receive funds?
How do I become a Bridgit partner?
How am I paid?
What is the purpose of bridging loan?
Common Questions
What is the interest rate for bridging loans?
What is my Bridgit loan set up fee?
What does LVR mean?
What determines my interest rate?
What approvals do Bridgit offer?
Is my information secure?
How much can I borrow with a Bridgit loan?
How fast will I get the funds?
Are there postcode restrictions?
Do you hold a credit license?