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

How Long Can You Have A Bridging Loan For

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.

How much does a bridging loan cost?
Aside from asking ‘how long can you have a bridging loan for?’ home seekers are also curious about the bridging loan interest rate and other loan fees they might incur. Many factors come into the equation when it comes to the cost of bridging property finance – interest fees, loan amount, deposit fees, monthly repayments, set-up fees, and settlement fees are some of them. You may use a bridging loan calculator or request a quote from your lender to get a realistic estimate of how much you’ll have to pay.

Bridgit welcomes you to apply for a free, no-obligation conditional approval to get an outline of rates and fees tailored to your specific loan situation. We adjust our pricing based on risk, which means we can give you a better offer the stronger your credit profile and the higher the quality of your asset is. We offer an initial interest free period, which means if you settle your loan within this time, you only need to pay the set-up fees and loan amount.

Bridgit doesn’t charge monthly repayments and early exit fees either. You can pay back your loan in full by the end of your term or any time you’re ready without paying early repayment charges.

How long does a bridging loan take?
How long a bridging home loan process takes is another common question people ask next to ‘how long can you have a bridging loan for’. How fast and easy your loan application will depend significantly on the process of your lender. Traditional lenders, for example, use manual processes that are slow and prone to errors, so it might take you anywhere from a week to a few months to get a loan from them.

On the other hand, online lenders like Bridgit can process applications much faster and enable you to apply from anywhere. Bridgit uses its own state-of-the-art technology that makes it possible for us to approve loan applications within the 24 hours from when they are sent. Thanks to our streamlined loan application process, settlement is possible in as little as a few days.

Complete your application for gap financing at Bridgit in a few minutes. Our team will reach out to ask you a few questions and let you know the amount you can borrow. You will have to make a small deposit from $900 to proceed with the next steps of the process and sign the documents electronically. Once everything is good, the funds will be released into your bank account, so you can make a downpayment for your dream house at once.

What are the requirements to get a bridging loan?
Now that you have an answer to your ‘how long can you have a bridging loan for?’ question, you must be wondering about the bridging loan requirements and criteria. To qualify for a bridging loan in Australia:

    • You should have a strong credit history
    • You must be an Australian citizen or permanent resident of Australia
    • You should be 18 years old and above
    • You should take out a loan against property in Australia
    • You should be able to supply a government ID, such as a passport or driver's licence

Your lender may ask you to supply income statements, property documents, and personal identification documents as supporting documents for your loan application, so be ready to comply.

If you plan to get a home bridging loan from Bridgit, these are the documents you’ll need:

For PAYG income earners:

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

For the self-employed:

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

For retirees with no income

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

For retirees earning income:

    • Documents showing pension and super income (if upsizing)

Please note that this is not the complete list of requirements; you may view the full list when your application has been approved or when you receive a loan offer from the Bridgit team.

You may have more questions than merely ‘how long can you have a bridging loan for?’ Schedule a call with our team, and we’ll be more than happy to assist you with your loan application.

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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.