Buy now,
Sell later
24 hour bridging loan approval
Flexible bridging loans
24 hour approval
To make the process easy and allow you to act quickly.
Simple online process
Great technology built to make your life easier.
Local customer service
To support you through the journey.
Buy now, sell later
Search on your terms and find your perfect home.
The Bridgit Loan
The Bridgit bridging loan, is tailored to property owners looking for easy, stress free solutions. We help you get to the next stage in your property journey by unlocking the equity in your home, before you have sold.
How it works?
In simple terms, a bridging loan is a short-term finance
solution designed to ‘bridge’ the gap between the purchase of a new home and the sale of your existing property. When you sell your existing property, you repay your bridging loan. This is where the term ‘bridge’ comes from - the loan is your bridge from one property to another.
The Bridgit loan is designed to help everyday Aussie
homeowners progress through their property journey.
Buy before you sell
Buy your next dream home before you sell your existing property.
Buy before you settle
Sold your home, but waiting to settle? Buy your next home now, settle later.
Downsize on your terms
Downsize or move into a retirement home on your terms, sell later.
Residential Bridging Loan
Buy now, sell later
Variable Bridge Rate
8.24
8.33
Bridge Rate from
7.99
8.08
Residential Bridging Loan
Buy now, sell later
Variable Bridge Rate
8.74
8.84
Bridge Rate from
7.99
Stay Rate1 from
7.04
All rates are variable.
7.19
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
Make the most of opportunities! Take your time finding your next perfect home.
4
Sell later
Sell your existing property and pay down your Bridgit loan. No rush, you have up to 12 months.
Eligibility
Who is eligible?
of homeowners
- PAYG
- Retired with income
- Retired without income
- Self employed (alt doc or low doc)
- Good credit history
- Be an Australian Citizen or Permanent resident over the age of 18
- Be borrowing against a property in Australia
- Have a government ID, such as a passport or
drivers license
requirements
- We lend in most metro and non-metro
postcodes. However we're still new so we can't
lend in some areas outside the major population
areas of Australia.
Different
documents are
required for each
type of borrower
- Confirmation of 6 months employment
- Evidence of 2 months’ pay
- Full doc – Tax returns for 2 years
- Alt doc – Accountant declaration
(downsizing only)
- No income verification required
Trusted by customers
who Bridgit
Questions? We’re here to help.
Chat to one of our lending specialists by calling 1300 141 161 or email hello@bridgit.com.au
We aim to be transparent about our fees and help you understand how they apply to your loan. For a detailed breakdown of the types of fees you can expect to see, visit our rates page.
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.
1 The 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 0.79% and government charges apply.