Winner, Finder Innovation Awards 2023
Set up fee from 0.99%*
1 month interest free
Min $300K, max $3M
Up to 6 months loan term
No monthly repayments
LVR up to 75%
From 8.69% p.a thereafter, 8.81% p.a comparison rate^
Learn more
Apply in minutes
Quick and simple online application, with bank level security and encryption.
Fast approval
Get approved within 24 hours, and progress with confidence.
Buy now, sell later
Make the most of opportunities! Repay the loan once your existing home has sold.
Bridgit commissioned study with Australian homeowners from the past 24 months, July 2022.
02 Feb 2023
If you're thinking about getting a bridging loan I'd recommend giving Bridgit a try. In my experience I found Bridgit to be way more efficient than the big banks. I received conditional approval within an hour of my application and unconditional approval within a week.
- Michael
24 Nov 2022
Bridgit came to the rescue providing an approval less than 24hrs of submission and settlement booked within 24hrs of returned signed loan docs. With Bridgit's assistance and fast processing we were able to leave a positive experience with our high valued client.
- Irene
11 Nov 2022
The team at Bridgit was so helpful in ensuring my clients could settle on their dream homes. Our situation was slightly complicated, but this never phased Bridgit, who offered us a solution no bank could.
- Oliver
20 Oct 2022
Bridgit absolutely came through for us - customer service was great. The whole team was up-to-date with our application making it easy to progress. I highly recommend Bridgit. Very reasonable fees and rates make them an option to be seriously considered over the big banks.
- Dana
24 Jun 2022
I have never dealt with such a professional financial institution such as Bridgit in my years of buying houses. I encourage anyone looking for a bridging loan to utilise this unbelievable institution.
- Vikki
08 Apr 2022
A great new bridging loan facility that is market-leading and easy to set up, quick to provide approval and follow up customer service. If you are downsizing or moving, and need finance to make it happen efficiently and without the usual red take, then this is the lender for you.
- Paul
20 Dec 2021
I referred a client to Bridgit and was very happy with their service. They approved the application in 5hrs, which allowed them to bid with confidence at auction the following day.
- George
21 Feb 2022
Very easy to apply - I had my conditional approval within hours of submitting my request. It was very clear what needed to be provided to get unconditional approval, and I knew when I inspected the property that if I needed to make an offer, I was well-placed to do so.
- Annette
23 Nov 2022
Working with Bridgit to obtain financing for a bridging loan was straightforward. The online interface guides you through the requirements, and their customer service team is very helpful. Any questions we had were answered promptly. They have found a niche in the bridging loan market.
- Marcus
“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”
“I’m self-employed which is an obstacle that the banks have to take more time processing. Bridgit were accommodating and were able to provide a fast and effective solution.”
“The process was so quick and easy with Bridgit, I managed to sign my declaration between the 10th and 11th hole at my golf course.”
If you’re considering moving to a new home but don’t have the funds to buy a new property yet because you haven’t sold, a bridging loan might just be for you. People look to move into a new home for all sorts of reasons; you may be a retiree wanting to downsize into a more manageable space, or maybe you have a growing family that can benefit from a larger house to accommodate everyone. With all these scenarios, Bridgit can help!
The usual route is to sell the existing property first to fund the new purchase. But often, this leaves people with little to no time to find a new home, making the process stressful. They might even spend a considerable amount of money on temporary storage or living before moving into their new space. Bridging loans can help eliminate such problems by allowing homeowners to buy their next property without selling their existing home immediately. Instead, with a bridge loan, they can tap into their property equity to fund their new home, allowing them to find the perfect home first and the flexibility to adapt to the change in their lives.
Looking for the fastest and most flexible bridging loans in Australia? Bridgit is the answer. We offer an unbeatable bridging loan where you can borrow anywhere from $300,000 to $3,000,000. We have a fantastic Australia-based customer support team who can assist you with applying for bridge finance as well as provide you with information regarding what a bridging loan is, advice on how to buy a house when you haven't sold yours, or address questions like ‘is bridging loan a good idea?’
When selecting bridge loan alternatives among the different bridging loan providers, it’s best to be as knowledgeable as possible about bridging loans first.
As the name suggests, a bridge loan ‘bridges’ the gap in your financial situation, allowing you to take your time and not rush searching for your next dream house. With a bridging home loan, you can borrow against your existing property equity to purchase your new home, and once your existing property is sold, the proceeds from the sale will be used to pay off your bridging loan.
Bridgit offers a six-month loan period for bridging loans with an initial interest-free period, meaning that you need to sell your existing property within six months to settle or pay back your loan with us.
If you’ve downsized, there’s a good chance there won’t be a remaining balance after the sale of your property so we can immediately release security over all your properties. As for cases of upsizing properties, it’s possible to still have a remaining loan balance after the property sale. We will partially discharge your bridging loan and release the security of the property sold. The outstanding balance will then be refinanced with another lender who can provide you with a longer mortgage term.
Many traditional lenders are stuck with slow manual processes, so the approval of your bridge loan could take anywhere from a few weeks to months. Bridge loans for real estate can be quite complex, so for these traditional lenders who don’t have a streamlined or tech-based process, it can take longer to release your funds.
Bridgit makes applications for bridging loans more convenient as we have built our own custom technology to improve lending processes and deliver the best experience for our customers. You can complete the online loan application within five to ten minutes. We also offer approval within 24 hours and settlement in as little as a few days is possible as well. Taking a loan from Bridgit is fast and easy, enabling you to cut through the red tape and progress in your life.
If you’ve been asking, ‘can I get a bridging loan to buy a house with Bridgit’, the answer is yes, you definitely can! Bridgit lends to all sorts of people, whether you are self-employed, retired, or a standard income earner. The requirements to apply for a Bridgit loan depend on your unique situation:
For PAYG income earners:
· Six months of continuous employment
· Proof of two months’ pay
For retirees with income:
· Pension and super income
For retirees with no income:
· No income verification required
· Pension and super income may be reviewed
For self-employed:
· Tax returns for two years (full doc)
· Accountant declaration (alt doc)
For a full list of the documents needed to complete your loan application, reach out to our friendly customer service team.
Bridgit offers flexible, fast, and secure bridging loans to help fund the purchase of your next property. We offer an attractive bridging loan interest rate where you receive the first month of your loan period interest-free. We don’t charge early exit fees or any monthly repayments, just a simple set-up fee which can go for as low as 0.99% and is added to your total loan amount which is repaid once you have sold.
Apply for a Bridgit bridging loan now and take a step closer to your next dream home!
We’re here to help, if you have any questions get in touch
Disclaimer
^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 a different comparison rate. 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 0.99% and government charges apply.
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.
