Buy your next home before you have sold.

24 hour bridging loan approval

Bridgit homepage header image
Best Lending Innovation

Winner, Finder Innovation Awards 2023

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

The bridging loan interest rate is important when applying for a bridge loan. Bridge loan financing is the answer if you’re wondering how to buy a house when you haven't sold yours. You can get immediate funds to cover the purchase of your new home or existing mortgage without having to sell your current property right away. Make sure to choose a bridging company that is transparent about its pricing and will give you fair interest rates and loan terms. 

Bridgit always provides our customers with honest and upfront interest rates for bridging loans. We have helped many Australians buy their dream home without rushing to get their current property sold. Whether you want to move into a bigger home for your growing family’s needs or downsize into a humble property for retirement, we can help. 

As a significant bridge finance component, you should completely understand a 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 $3M

Apply now

Up to 6 months loan term

No monthly repayments

LVR up to 75%

From 8.69% p.a thereafter, 8.81% 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.

Get 24 hour approval

Trusted by customers who Bridgit

No items found.

21 Feb 2022

I had a great experience

Bridgit provided superb customer service with regular communication throughout the process. A much more personable and flexible experience.

- Giles

14 Feb 2022

We settled on time!

The team were exceptional in getting valuation, documentation etc completed and we settled for property on time!

- Neil

20 Jan 2021

Fast & Efficient

Bridgit were fast and efficient we would never of been able to buy our dream property without them. Would highly recommend them and the team.

- Kristen

22 Dec 2021

Great to deal with

They came back to us quickly with a decision, and we were able to move forward with confidence. I would use them again and will recommend them.

- Anthony

20 Dec 2021

Thank you Bridgit

Thank you all at Bridgit. The whole process was quick and efficient, completely the opposite from dealing with the bank.

- Frances

13 Dec 2021

Fast and efficient

Bridgit were fast and efficient we would never of been able to buy our dream property without them. Would highly recommend them and the team.

- Sharrane

02 Feb 2023

Definitely worth a try

If you're thinking about getting a bridging loan I'd recommend giving Bridgit a try. In my experience I found Bridgit to be way more efficient than the big banks. I received conditional approval within an hour of my application and unconditional approval within a week.

- Michael

23 Nov 2023

Definitely will be recommending team Bridgit again

Bridgit came to the rescue providing an approval less than 24hrs of submission and settlement booked within 24hrs of returned signed loan docs. With Bridgit's assistance and fast processing we were able to leave a positive experience with our high valued client.

- Irene

11 Nov 2023

Highly recommend

The team at Bridgit was so helpful in ensuring my clients could settle on their dream homes. Our situation was slightly complicated, but this never phased Bridgit, who offered us a solution no bank could.

- Oliver

20 Oct 2022

Worth a look before the banks

Bridgit absolutely came through for us - customer service was great. The whole team was up-to-date with our application making it easy to progress. I highly recommend Bridgit. Very reasonable fees and rates make them an option to be seriously considered over the big banks.

- Dana

24 Jun 2022

Professional, knowledgeable, unbelievably impeccable

I have never dealt with such a professional financial institution such as Bridgit in my years of buying houses. I encourage anyone looking for a bridging loan to utilise this unbelievable institution.

- Vikki

08 Apr 2022

A bridging loan that is easy!

A great new bridging loan facility that is market-leading and easy to set up, quick to provide approval and follow up customer service. If you are downsizing or moving, and need finance to make it happen efficiently and without the usual red take, then this is the lender for you.

- Paul

20 Dec 2021

Mortgage broker experience

I referred a client to Bridgit and was very happy with their service. They approved the application in 5hrs, which allowed them to bid with confidence at auction the following day.

- George

21 Feb 2022

I had a great experience

Very easy to apply - I had my conditional approval within hours of submitting my request. It was very clear what needed to be provided to get unconditional approval, and I knew when I inspected the property that if I needed to make an offer, I was well-placed to do so.

- Annette

23 Nov 2022

Highly recommend working with Bridgit

Working with Bridgit to obtain financing for a bridging loan was straightforward. The online interface guides you through the requirements, and their customer service team is very helpful. Any questions we had were answered promptly. They have found a niche in the bridging loan market.

- Marcus

It’s as easy as...

Apply in minutes

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


Fast approval

Get approved within 24 hours and progress with confidence.


Unlock your property equity

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

Apply now

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, so you don’t constantly have interest building up. 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 doesn’t charge interest fees within the first month of your loan term. If you can pay back your loan within the first month, 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!

Bridging essentials

Bridging essentials

Bridging essentials

Bridging essentials

Bridging essentials

Bridging essentials

Bridging essentials

Bridging essentials

Bridging essentials

Bridging essentials

Bridging essentials

Bridging essentials

Bridging essentials

Bridging essentials

Bridging essentials

Bridging essentials

Bridging essentials

Bridging essentials

Bridging essentials

Bridging essentials

Aussie based crew

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

Weekdays 9am – 5pm