Buy your next property 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.

No missed opportunities

Don't miss out because of slow processes. Unlock your property equity in 24 hours.

Apply now

How Do Bridging Loans Work

Owner-occupied
Investment
Residential Bridging Loan
Buy now, sell later

No monthly repayments

Set-up fee from 0.79%

Min $300k, max $4M

8.49
%
p.a.

Variable intro rate

We offer an introductory rate for the first 6 months of the loan term which includes a 1% discount.
We offer an introductory rate for the first 6 months of the loan term which includes a 1% discount.
i
8.58
%
p.a.

Comparison rate^

Up to 12 month loan term
Up to 80% LVR
Downsizers, upsizers, retirees
Owner-occupied
Investment
Residential Bridging Loan
Buy now, sell later

No monthly repayments

Set-up fee from 0.79%

Min $300k, max $4M

8.99
%
p.a.

Variable intro rate

We offer an introductory rate for the first 6 months of the loan term which includes a 1% discount.
i
9.09
%
p.a.

Comparison rate^

Up to 12 month loan term
Up to 80% LVR
Downsizers, upsizers, retirees

Get 24 hour approval

Why buy before you sell with Bridgit?

No income verification

We assess loans based on property equity and asset position.

No monthly repayments

No monthly repayments or fees for the duration of the loan term

No double mortages

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.

Frequently Asked Questions (FAQ)

How much can I borrow with a bridging loan?
Here are some common factors that generally determine the amount you can borrow so you don’t have to keep wondering, ‘How does a bridge loan work?’ or ‘How does a bridging loan work?’:

    • The equity in your current home. Equity is the difference between your property’s value and what you owe on any mortgage or loan. The more equity you have, the higher the amount you could potentially borrow.
    • End debt or peak debt. Your end debt is the total amount of debt you will have at the end of the bridging period, calculated by adding your existing mortgage balance to your new property's value plus any other accrued interest or fees.
    • Serviceability. Some lenders may provide special conditions or restrictions depending on your property, its current state, or where it’s located. These special conditions may reflect the borrower’s individual circumstances as well. It’s best to consult with your lender if your circumstances require special considerations before submitting your loan application.

Online lenders can also be more flexible with their pricing with a bridging loan, meaning you could access more favourable solutions, such as no monthly repayments or waived early exit fees. For instance, Bridgit offers a no monthly repayments with no early exit fees (set-up costs are separate).

Investing in real estate can take some time to get used to, especially when faced with questions like, ‘How to apply for a bridging loan?’ or ‘How do bridging loans work?’ for the first time. At Bridgit, we will show you the benefits of bridge financing, making your journey to a new home simpler.

How do bridging loans differ from regular mortgages?
Generally speaking, bridging loans can be used for a variety of property types. As part of the answer to ‘How do bridging loans work?’, there is a difference between a commercial bridging loan and a residential bridging loan, each with a separate set of requirements.

That being said, how do bridging loans work for residential properties? Residential properties are the most common use for bridging loans, as they can help cover the financial gap between selling your current home and purchasing a new one, thus minimising the hassle and additional cost of signing a lease on a rental and multiple moving fees when selling first.

It’s always best to consult with a financial advisor or a specialist like Bridgit regarding what your loan terms mean for your financial future. Whether you’re a retiree seeking a change in lifestyle or a growing family seeking a larger home, we’re here to simplify real estate financing for you.

Bridgit: The Future of Bridging Loans in Australia
Among the vast landscape of Australian finance, Bridgit stands out among the many options available for people looking to move into a new home for various reasons. Established in 2021, Bridgit came to be in response to a lack of options regarding the topic of ‘bridging loans Australia’.

Since our launch, we have been providing a solution tailored for today’s homeowners looking to answer questions like, ‘How do bridging loans work?’ or ‘What is a bridging loan Australia?’ Our goal is to empower Australians like you to unlock the value of your property and purchase your dream home while waiting for your current property to sell.

Bridgit’s technology-oriented approach also aims to provide you with modern lending experiences by eliminating the tedium and long waits associated with traditional lending. As a result, homeowners no longer need to put their dreams on hold and can instead confidently take the next step in their property journey.

From favourable bridging loan interest rates to the opportunity of converting your property’s existing equity into liquid funds, Bridgit is here to help you move forward with your dream home even while it’s still on the market.

Don’t miss the opportunity to claim your dream home by waiting too long. The answer to ‘How do bridging loans work?’ is right here at Bridgit; apply for a bridging loan with us today!

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 – 5:30pm AEST

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 0.79% 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.