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This article was written when Bridgit was known as TechLend, we rebranded in early 2022 to Bridgit.
View our latest feature on The Today Show!
The 21st century has seen rapid innovation through the utilising of technology that is drastically changing the way we live. In today’s world, consumers want faster, digitalised, custom products offering greater flexibility and seamless user experience.
This week TechLend was featured on the Today Show by finance editor and money expert, Effie Zahos. Courtesy of our proprietary technology, we are excited to announce that we now offer pre-approvals for bridging loans within the hour.
Effie spoke to our latest product offering that leverages the capabilities of ever-advancing technology and targets the inefficiencies and headaches of traditional lending structures. Our one-hour pre-approvals are an innovative solution here to change the entire outlook of the mortgage industry by redesigning homeowners’ experience of buying and selling property.
With consumers becoming increasingly aware of the advantages of digital players in the lending market, we can expect to see our new one-hour pre-approvals not just level the playing field but change the game entirely.
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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.
1The Stay Rate will only apply if a repayment is made from the sale of Outgoing Properties (or another repayment method approved by us, at our discretion) and the repayment reduces the Amount You Owe to an amount that is equal to or less than your Residual Loan Balance.
^Comparison rate is calculated on a $150,000 secured loan over a 25-year term. For Upsizer loans, a Bridge Rate applies for the first 12 months, followed by a Stay Rate thereafter. For Downsizer loans, only the Bridge Rate applies. WARNING: This comparison rate is true only for the example provided and may not include all fees and charges. Different loan amounts, terms, or fee structures will result in different comparison rates. For interest-only periods, your loan balance does not reduce, meaning you may pay more interest over the life of the loan. Set-up fee from 0.60% and government charges apply.