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

Home Loan Short Term

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.

Frequently Asked Questions (FAQ)

How do lenders determine eligibility for short term home loans?

Looking up ‘home loan short term’ and wondering about your eligibility?

Lenders in Australia, like Bridgit, determine eligibility for these short term home loans through a combination of homeowner status, financial assessment, and property valuation. These loans could be used by homeowners who are either downsizing or upsizing their living spaces.

For downsizers, often retirees, the focus is on their asset-rich status due to long-term property ownership. Upsizers, typically middle-aged with growing families, are assessed based on the value growth of their existing property.

The financial assessment includes reviewing income sources, whether from employment, retirement funds, or self-employment. Bridgit caters to a diverse range of income earners, including retirees and the self-employed, with specific documentation requirements for each category.

The loan amount and terms are generally influenced by the property’s valuation and location. Key to Bridgit’s approach is the loan-to-value ratio (LVR), which determines the loan amount as a percentage of the property’s value.

Is mortgage insurance required for short term home loans?

The requirement for mortgage insurance on home loan short term schemes varies. If the down payment is less than 20% of the home’s value, mortgage insurance might be necessary. However, due to the shorter duration and lower interest rates associated with short term lending, the need for mortgage insurance is often less common compared to traditional longer-term mortgages.

The decision to require mortgage insurance is contingent upon the lender’s policies and the specific terms of the loan. For short term home loans like our bridging loans at Bridgit, the requirement for mortgage insurance is not typically a primary concern.

Mortgage insurance is generally associated with long-term home loans, especially when the borrower has a low deposit, resulting in a high LVR. This insurance protects the lender if the borrower fails to repay the loan.

Bridging loans, however, operate differently. They are designed to help homeowners leverage the equity in their existing property to purchase a new one before selling the old one. The focus here is more on the equity available in the current property and the homeowner’s ability to repay the loan within a short timeframe, usually up to six months.

Given this framework, mortgage insurance is not commonly a requirement for short term home loans. However, borrowers should always verify specific loan requirements directly with the lender or seek advice from a financial advisor to understand all the terms and conditions, including any insurance requirements, associated with their loan.

Can you refinance a short term home loan?

You can refinance short term property loans. Refinancing in this context means replacing your existing short term loan or mortgage with a new loan, often with different terms or from a different lender. This is particularly relevant for bridging loans, which are designed to be short term solutions for easy home financing.

For example, with Bridgit’s bridging loans, homeowners can buy a new home before selling their existing one. Once the original property is sold, the proceeds are used to pay off the bridging loan.

If there’s a remaining balance from their short term mortgage after the sale, homeowners can refinance this amount with a traditional lender. This means they can transfer the remaining debt to a standard home loan, which usually has a longer term.

Home financing made straightforward with Bridgit

By focusing on the actual needs and circumstances of Australian homeowners, Bridgit has redefined what it means to offer financing in property transactions. Our customer-centric approach, combined with innovative financial solutions, solidified our position as one of Australia’s trusted short term private lenders.

Bridgit utilises a tech-first approach, providing fast decisions for a short term property loan. The online application process is convenient and designed to be quick and user-friendly.

Bridgit’s use of technology streamlines the lending process, allowing for more rapid and accurate processing of applications. This tech-driven approach helps reduce the time and effort required for manual processing, making the loan application experience smoother for borrowers.

Through its innovative approaches and dedication to customer empowerment, Bridgit continues to make a difference in the Australian property market. If you are ready to experience how Bridgit makes homeownership accessible and aligned with modern lifestyles, contact us and find out more.

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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.