Buy your next property on your terms

24 hour bridging loan approval

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Buy your next home on your terms

24 hour bridging loan approval

Why Bridgit?

24 hour approval

Progress quickly and buy with confidence. We will come back to you regarding an approval offer in under 24 hours.

No monthly repayments

Avoid the added stress of monthly fees. Repay your loan in one sum after the sale of your existing property.

Interest free period

Buy and sell on your terms. Our interest free period gives you time to sell your home to the perfect buyer.

Apply now

Bridging Loan Interest Rate

Bridging loan

Buy your next home before you have sold or settled with the Bridgit loan

Set up fee from 0.99%*

1 month interest free

Min $300K, max $4M

Apply now

Up to 6 months loan term

No monthly repayments

LVR up to 80%

From 8.45% p.a thereafter, 8.57% 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.
Why buy before you sell with Bridgit?
Fast approval outcome
We'll provide you with a loan approval outcome in less than 24 hours.
No monthly repayments
No monthly repayments or fees with 1 month interest free.
No double mortgages
We’ll pay your existing mortgage, so you don’t have to worry about two mortgages at once.
Save on temporary living
Move into your home sooner and avoid short-term rental, storage and moving costs.
No missed opportunities
Don’t miss out because of slow processes, unlock your property equity in 24 hours.

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 2023

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 2023

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

Get 24 hour approval
with Bridgit

01

Submit application

Apply online and receive 24 hour approval. Tell us some details about yourself and see how much you can borrow.

02

Accept the offer

Accept your loan offer by making a small upfront deposit and progress your application to the next stage.

03

Purchase your property

Once we’ve valued the property and completed final verifications, sign the documents and you are on your way to settlement in as little as 48hrs*.

*Subject to the loan scenario and outgoing lender processes on refinance (if applicable).

04

Sell

Sell your existing property and pay down your Bridgit loan. No rush, you have up to 6 months.

Get same day approval with Bridgit

01

Submit application

Apply online and receive same day approval. Tell us some details about yourself and see how much you can borrow.

02

Accept the offer

Accept your loan offer by making a small upfront deposit and progress your application to the next stage.

03

Purchase your property

Once we’ve valued the property and completed final verifications, sign the documents and you are on your way to settlement in as little as 48hrs*.

*Subject to the loan scenario and outgoing lenders processes on refinance (if applicable.)

04

Sell

Sell your existing property and pay down your Bridgit loan. No rush, you have up to 6 months.

Apply now

It’s as easy as...

Apply in minutes

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

1

Fast approval

Get approved within 24 hours and progress with confidence.

2
3

Unlock your property equity

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

Do I pay extra interest on a bridging loan?

A bridging loan, like any other type of finance, incurs interest. At Bridgit, we do things differently by offering a one month interest-free period. Plus, we don’t charge monthly repayments, so you can just pay back your loan at one-time after selling your current property.

Bridgit adjusts your bridging finance rates and loan size according to your unique loan factors, such as your loan-to-value ratio (LVR), credit profile, and collateral. For example, a lower LVR and higher credit score can mean a better interest rate for your bridge loan. Apply for Bridgit bridging finance to receive an outline of rates and fees that are customised to your specific loan situation.

What should I look for in a bridge loan?

When choosing among bridging loan providers, consider the following factors to improve your chances of making the best decision:

Loan amount

How much you can borrow is a major consideration when applying for bridging property finance. You should be able to borrow enough money to purchase your new home and cover any immediate property expenses that you might need to pay. Bridgit can lend you up to $3,000,000 (we can go higher than this amount, but we’ll need to assess your case first). Simply submit your loan application, and our team will get in touch to let you know how much you can borrow from us.

Loan term

When it comes to gap financing, you should also consider how much time you have to pay back your loan. Bridge loans are a type of short-term finance, which means they typically last less than a year. Get a bridge loan that offers you enough time to sell your property so you can pay back your loan successfully. Bridgit can give you up to six months to settle your loan. You don’t have to deal with monthly repayments too; you can simply pay back the loan in full after selling your property.

Bridging loan interest rate

When considering how much a bridging loan costs, the interest is, of course, an important factor. Go for a lender who will give you a fair rate and help you understand how they came up with that rate. Bridgit has an Aussie-based crew who will gladly explain your bridging loan interest rate calculations, so you don’t have to use a random bridging loan calculator anymore.

Bridgit also offer an initial interest free period. If you can pay back your loan within this period, you only need to pay the loan amount and set-up fees. We don’t charge early exit fees, so you may do so whenever you’re ready to settle your loan.

Can a bridging loan affect my credit score?

Like any type of debt or loan, commercial and residential bridge loans affect your credit score. After taking out a bridge loan, your credit score will initially dip since your total debt has increased. Your credit score will improve in no time, though, as long as you are consistent with your repayments. Since a bridge loan is a short-term loan, you can just settle it quickly to get your credit score back up again.

Bridgit is always upfront with the valuation fees, deposit fees, and other fees you incur in your loan so that you always know how much to pay, thus decreasing the chances that you’ll miss a payment. We also use our own technology to streamline the loan process and enable 24-hour approval so you can make decisions faster and better. To ensure the security of your information, we also use bank-level encryption on our digital platform.

Our lines are open if you have any questions about your bridging loan interest rate or need assistance with buying your new home. Feel free to schedule a call with us at any time.

You’re one bridge loan away from your dream home – apply at Bridgit now!

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Aussie based crew

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

Weekdays 9am – 5pm

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.