Traditional bridging loan vs Bridgit

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Buy now, sell later

From 8.24% p.a, 8.33% p.a comparison rate^

Set-up fee from 0.79%
Loans up to 12 months
Funding up to $8M
LVR up to 80%
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Best Lending Innovation

Winner, Finder Innovation Awards

Traditional bridging loan vs Bridgit bridging loan

Let’s take a look at how the Bridgit bridging loan compares to a traditional bank.

24 hour approval

Our technology and team review your application and provide an approval offer within 24 hours! Meaning you can settle your bridging loan within just 48hrs. We are considerably quicker than a traditional lender which has limited technology and therefore requires their team to manually review and approve your loan.

No monthly repayments

We offer a bridging term of up to 12 months with no monthly repayments or early exit fees, giving you the time and flexibility you need to sell your existing property stress and hassle free.

Online application

The application process is quick, simple, and online. You complete the application for a fast bridging loan here in only 5 minutes. Our tech and team then review your details and come back with a fast bridging loan approval offer.

Find out more about our fast bridging loans

Bridgit loans are made for today. By utilising technology, we process your information quickly and move you throughout the application and loan process efficiently. This helps take the stress out of the lending process so you can focus on making better decisions when it comes to buying your next dream property.

Although we are faster, everything we do is designed to be more trusting. We will always make sure that we provide the best solution for you. We have a team of amazing Aussies to support you along the way.

Apply now

Buy now, sell later

From 8.24% p.a, 8.33% p.a comparison rate^

Set-up fee from 0.79%
Loans up to 12 months
Funding up to $8M
LVR up to 80%
Apply NowSchedule a call

Simple process, faster approval

Apply online in under 5 minutes and get 24 hour approval. Don’t miss the opportunity to buy your dream home today.

Apply now

Headache free,
stress free

No monthly repayments and up to a 12 month loan term, giving you plenty of time to sell your existing property.

Learn more

Expert support,
Aussie based

Our specialist team is here to support you every step of the way.

About us
Want to know more? Bridgit FAQs

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

We are here to improve the process of lending, to take the stress out of it. We are made for today.

Hear from customers who
bridged it

Chris & Sharanne relocated to their ultimate dream acreage with Bridgit!

“It was a 3 day turnaround from when we first rang to when we were told we were able to make an offer on the property. It was incredible. It has made an incredible change to our lives”
- Sharanne, Bridgit customer
Watch their story

Homeowners looking to buy a new home before selling their existing one often have to deal with additional stress and costs that pile up quickly. Designed to make this transition smooth, Bridgit offers flexible and fast bridging loans, helping ensure you can confidently secure your dream property.

With a 'tech-first' approach, our cutting-edge technology streamlines the application process, saving time and reducing paperwork, making it easier for experts to help customers. On top of this, we offer an initial interest-free period with no monthly repayments and no early exit fees, which means you can have the flexibility and confidence to sell your existing property; forget the endless search for 'Bridging Loan Or Mortgage', 'Bridge Loan Cost' or 'Are Bridging Loans Secured' - Bridgit has you covered.

With Bridgit, you can end your search for 'bridging loan interest rate', 'bridge loan' and 'bridge loan calculator', as we make it simple to apply with us: just complete our quick online application and receive an approval outcome in as fast as 24 hours. Once you've found and purchased your next dream home, simply sell your existing property within the loan period to repay your bridging loan - it's that straightforward, so apply today!

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.