Buy your next property on your terms

24 hour bridging loan approval

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Bridgit homepage header image
Best Lending Innovation

Winner, Finder Innovation Awards 2023

Buy your next property on your terms

24 hour bridging loan approval

Residential Bridging Loan
Buy now, sell later

1 month interest-free

Set-up fee from 0.99%

Min $500k, max $4M

8.99
%
p.a.
Variable into rate

Bridging loan

Buy your next home before you sell or settle with the Bridgit loan.

Set-up fee from 0.99%

1 month interest-free

Min $300k, max $4M

Apply now

Up to 12 month loan term

No monthly repayments

LVR up to 80%

From 8.99% p.a introductory rate
(includes a 1% p.a discount)

From 9.11% p.a comparison rate^

*If the property you are selling is located in a metropolitan postcode, has an exchanged contract of sale and will settle within 30 days of loan funded date.
1

Apply in minutes

Quick and simple online application, with bank level security and encryption.

2

Fast approval

Get approved within 24 hours, and progress with confidence.

3

Buy now, sell later

Make the most of opportunities! Repay the loan once your existing home has sold.

How a bridging loan can help you...

Save money


On average homeowners spend an additional $8,300, on relocation expenses when they sell first.

No temporary living


52% of homeowners had to find temporary living
while waiting to buy after selling first.

No missed opportunities

1 in 3 Australians missed out on opportunities due to slow bank approvals.

Bridgit commissioned study with Australian homeowners from the past 24 months, July 2022.

Get 24 hour approval

Trusted by customers who Bridgit

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21 Feb 2022

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

14 Feb 2022

Going above and beyond for results

The priority that was placed on this file and constant updates was truly appreciated. Thank you for using common sense and finding a solution for our client’s needs on an oddly zoned security.

- Nicole Fox

20 Jan 2021

Great Team.

During the stressful times of obtaining Finance, the BRIDGIT Team came to the fore. We are most grateful for their advice and support.

- MTW

22 Dec 2021

The team at Bridgit were remarkably talented

The team at Bridgit were remarkably talented and understands the pressing issues the situation demands. I cannot thank them enough for stepping up to a life saving situation for customers.

- Jehan Fernando

20 Dec 2021

We are so happy we chose Bridgit

We are so happy we chose Bridgit over a bank. Tom, George and Ken assisted us all the way. They explained everything and made the process easy and stress free. We cannot recommend Bridgit highly enough.

- Felicity F

13 Dec 2021

Bridgit was phenomenal

Bridgit was phenomenal in getting our pre-approval ready (within hours!). Easy to deal with and they knew exactly where my application was at.

- NH

13 Dec 2021

Quick and simple process

I had never dealt with Bridging Finance as a Broker previously & Bridgit made the process quick & simple. I could get quick help & support that helped me navigate my first Bridging Finance application.

- Chris

13 Dec 2021

I approached Bridgit with a scenario

I approached Bridgit with a scenario that needed to be settled within 12 days. The deal was lodged within 48 hours. My clients achieved a great result in the time frame required.

- Benjamin Sutton

13 Dec 2021

Definitely worth a try

If you're thinking about getting a bridging loan I'd recommend giving Bridgit a try. I found Bridgit to be way more efficient than the big banks. The communication was great too.

- Michael

07 Feb 2024

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

11 Nov 2022

Going above and beyond for results

The priority that was placed on this file and constant updates was truly appreciated. Thank you for using common sense and finding a solution for our client’s needs on an oddly zoned security.

- Nicole Fox

11 Nov 2022

Great Team

During the stressful times of obtaining Finance, the BRIDGIT Team came to the fore. We are most grateful for their advice and support.

- MTW

20 Oct 2022

The team at Bridgit were remarkably talented

The team at Bridgit were remarkably talented and understands the pressing issues the situation demands. I cannot thank them enough for stepping up to a life saving situation for customers.

- Jehan Fernando

24 Jun 2022

We are so happy we chose Bridgit

We are so happy we chose Bridgit over a bank. Tom, George and Ken assisted us all the way. They explained everything and made the process easy and stress free. We cannot recommend Bridgit highly enough.

- Felicity F

20 Dec 2021

Definitely worth a try

If you're thinking about getting a bridging loan I'd recommend giving Bridgit a try. I found Bridgit to be way more efficient than the big banks. The communication was great too.

- Michael

20 Dec 2021

Bridgit was phenomenal

Bridgit was phenomenal in getting our pre-approval ready (within hours!). Easy to deal with and they knew exactly where my application was at.

- NH

21 Feb 2022

Quick and simple process

I had never dealt with Bridging Finance as a Broker previously & Bridgit made the process quick & simple. I could get quick help & support that helped me navigate my first Bridging Finance application.

- Chris

23 Nov 2022

I approached Bridgit with a scenario

I approached Bridgit with a scenario that needed to be settled within 12 days. The deal was lodged within 48 hours. My clients achieved a great result in the time frame required.

- Benjamin Sutton

Hear from customers who bridged it

The Bridgit Bridging Loan explained

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 $4,000,000. 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.

How does bridging finance work?

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 12-month loan for bridging loans with an initial interest-free period, meaning that you need to sell your existing property within 12 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.

How long does a bridging loan take?

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.

What are the bridging loan requirements?

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!

Aussie based crew

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

Weekdays 9am – 5pm

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 where a minimum repayment of 40% of the initial loan amount is made within the first 6 months of the loan commencing. 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 0.99% and government charges apply. A minimum repayment of 40% of the initial loan amount must be made within the initial 6 months to remain on the introductory rate. This can be achieved through sale of a property or other contributions.