Buy your next property on your terms

24 hour bridging loan approval

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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 Mortgage

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 12 month loan term

No monthly repayments

LVR up to 80%

From 8.99% p.a introductory rate
(includes a 1% p.a discount)

From 9.11% 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

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.

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 12 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.

Can I pay off a bridging loan early?
Short-term property finance, such as a bridging mortgage, are loans that typically have terms of less than a year. Even though it has a short term, some people still want to settle it as early as possible to avoid paying more interest fees in the long run or getting out of debt. You can pay off your bridging home loan if you’ve already sold your property and have the money. Be aware, however, that some lenders charge early exit fees for settling your loan before the end of the term.

At Bridgit, we won’t charge you early exit fees. You can pay back your loan any time you are ready, and all you need to pay is the loan amount and fees on interest, set-up, valuation, and settlement. We don’t charge interest during the first month of a loan, so you can even get more significant savings when you settle your Bridgit loan early.

On our online platform, you may apply for a Bridgit loan and receive an approval offer made to your unique situation. Bridgit adjusts pricing and loan size based on risk so you can get a better deal with lower LVRs, higher-quality assets, and stronger credit scores. We will always offer you a fair bridging mortgage deal.

What should I prepare when applying for a bridging mortgage?
The requirements needed for gap financing differ from lender to lender, but in general, you need to possess the following to qualify for a bridge loan in Australia:

    • You should have a good credit history
    • You should be an Australian citizen or are a permanent resident of Australia
    • You should be at least 18 years old
    • You should be borrowing against property in Australia
    • You should have a government ID, such as a passport or driver's licence


Other requirements that lenders typically ask from borrowers are income statements, property documents, and personal identification documents.

Everyone is welcome to apply for Bridgit bridging mortgage whether you are self-employed, retired, or a standard income earner. Here are the income requirements:

For PAYG income earners:

    • Evidence of six months of continuous employment
    • Proof of two months’ pay

For retirees with income:

    • Documents showing pension and super income (if upsizing)


For retirees without income (downsizing only):

    • No income verification required
    • Pension and super income may be reviewed


For the self-employed:

    • Full document on tax returns for two years
    • Accountant declaration (alternate document)


Once you've applied, you can view a full list of supporting documents. After selling your existing property, you will also be required to complete the discharge form and supply documents to support the sale of your home.

Do I need to make monthly payments for bridge loans?

Lenders have different payment structures for their bridging property finance services; some require monthly repayments, while others require an end-term or lump sum payment. Bridge loans with monthly payments usually break up the total loan amount over your loan term and add the other fees, such as interest, to your monthly payment amount. Ask your lender if you need to make monthly payments if you take a loan from them.

Bridgit requires no monthly repayments; you can settle your loan by the end of your term after selling your property. If you have a remaining loan balance after selling your property – typically when you upsize to a bigger home – we will partially release the security over your properties. You can then refinance the remaining balance with a different lender who can offer you a longer term.

No need to step out of your home to apply for a bridging mortgage at Bridgit. Just send your online application, and our team will contact you to ask you a few questions and provide you with an approval offer in 24 hours. To confirm that you want to proceed with the loan offer, complete the deposit (from $900), and we will proceed with the necessary valuation and verification processes. We will also email the documents to you so you can sign them electronically.

Talk to a Bridgit expert today and learn how to buy a house when you haven't sold yours. Apply for a bridging mortgage and get approved within 24 hours.

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Aussie based crew

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

Weekdays 9am – 5pm

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.

^Comparison rate is calculated on a $150,000 secured loan over a 25-year term where a minimum repayment of 40% of the initial loan amount is made within the first 6 months of the loan commencing. 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 different comparison rates. 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. A minimum repayment of 40% of the initial loan amount must be made within the initial 6 months to remain on the introductory rate. This can be achieved through sale of a property or other contributions.