Bridging Loan
The short-term finance that keeps your plans in motion. Move ahead with confidence while we bridge the gap.
Apply online in just a few minutes, no paperwork
Short-term solutions designed to give you flexibility
Borrow the amount you need for your situation
Competitive lending that keeps you moving forward
When a Bridging Loan fits your move
When a Bridging Loan fits your move
You want to buy now, sell later
Take the pressure off selling first. Secure your next home without the wait
You need fast, flexible funding
Access approvals in as little as 24 hours, so you can keep things moving
Your equity is tied up in your home
Free up equity from your current home to support your next step
You don’t want to move twice
Move into your home sooner and avoid
short-term rental, storage or moving costs
Bridging Loan features
Purpose
Short-term finance to help you buy now, sell later or unlock equity
Security
Use one or more properties to back your next move. First mortgage only
Structure
Up to $10m loan amounts, 85% LVR and 24-month loan terms
Servicing
No income assessment for downsizers, servicing on remaining residual debt for upsizers
Rates that move you forward
12-month term
Bridge Rate from
8.74% p.a.
Fixed set-up fee at
0.60% p.a.
Stay Rate1 from
7.54% p.a.
Comparison Rate^
from
7.68% p.a.
Maximum loan amount
$10,000,000
LVR up to
85%
24-month loan term
Bridge Rate from
8.74% p.a.
Fixed set-up fee at
0.95% p.a.
Stay Rate1 from
7.54% p.a.
Comparison Rate^
from
7.77% p.a.
Maximum loan amount
$8,000,000
LVR up to
70%
12-month term
Bridge Rate from
8.99% p.a.
Fixed set-up fee at
0.60% p.a.
Stay Rate1 from
7.79% p.a.
Comparison Rate^
from
7.93% p.a.
Maximum loan amount
$10,000,000
LVR up to
85%
24-month loan term
Bridge Rate from
8.99% p.a.
Fixed set-up fee at
0.95% p.a.
Stay Rate1 from
7.79% p.a.
Comparison Rate^
from
8.02% p.a.
Maximum loan amount
$8,000,000
LVR up to
70%
How it works
Apply instantly
Submit your application, we'll assess within 24 hours
Buy now
Move forward knowing your finance is sorted
Sell later
When your old home sells, you settle the loan
Check if you’re eligible
Income we accept
PAYG, self-employed or a retiree? You can still qualify with flexible income types
Who can borrow
Borrow against residential or commercial property in Australia as a citizen or permanent resident over 18
What you’ll need
We only request what’s needed to support you. Typically ID, key property documentation, and in some scenarios, income verification.
Where we lend
We lend across metro and regional areas (excludes some remote postcodes)
Compare your loan options
Bridgit
Traditional lender
Approval
Repayments
Loan term
Eligibility
Calculate your borrowing power
Life moves.
Here’s how we can help
Bridgit helps homeowners move forward with confidence.
.webp)
“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.”
GilesBridgit customer
“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.”
SharanneBridgit customer.webp)
“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.”
KayBridgit customer
FAQs
We aim to be transparent about our fees and help you understand how they apply to your loan.
Loan to Value Ratio (LVR) is the amount of money you are borrowing from a lender, shown as a percentage of the value of the property you are borrowing against.
A Bridging loan is calculated by taking the amount you need to purchase, excluding the deposit, and any existing mortgage on the property you are selling. You simply add the mortgage to the property sale price to calculate the bridging loan amount.
At Bridgit we also calculate interest in advance and include it in the total loan amount, along with other fees. This means you don’t have to worry about making monthly repayments during your loan term. When you repay your loan, interest will be recalculated based on the actual term and the applicable rates.
Unlike other lenders, we do not charge monthly fees, annual fees, or bill extra for paying off your loan early. Instead, we charge a set-up fee. The set-up fee covers the cost of providing you with credit assistance and the loan. It is a one-time, non-refundable fee that is added to the loan balance and on settlement, it is automatically deducted from your total loan proceeds. In simpler terms, the amount of money you receive is the total loan amount minus the set-up fee, meaning you don't have to worry about paying anything until the end of your loan term once you have sold your property.
The interest rate for a bridging loan is generally a variable rate. The interest rate varies by different lenders. View our rates page for the most up to date rates.
Australian Property Institute certified valuers conduct independent valuations on the properties listed in the application.
The valuation fee can be determined by a number of things including: size of the property, location, number and types of rooms, fixtures and fittings, building structure and condition, ease of access, such as easy vehicle access and a garage, local council zoning, recent sales in the area and market conditions.
Valuation fees are paid at the conditional offer stage to support unconditional approval.
Unlock your financial potential
Progress starts with one conversation. Reach out to us today and discover how easy your next step can be.
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.