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

Is A Bridging Loan A Good Idea

With the growing popularity of bridge finance in Australia, many people can’t help but ask: is a bridging loan a good idea? 

If you are looking to buy before you sell, you should apply for a bridge loan. With a loan against your property equity, you can pay off your current mortgage or purchase a new home while waiting for the right buyer for your existing home. 

Whether you’re looking to upsize into a bigger home for your growing family or downsize into a simpler home that’s easier to manage, Bridgit can help. We offer bridging property finance options tailored to your specific loan situation to help you progress in life. With bridging finance at Bridgit, you can quickly move into your dream home while saving on temporary storage costs and other moving expenses associated with selling first. 

You may have more questions aside from ‘is a bridging loan a good idea?’ Our answers below might help. 

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

Is bridging finance expensive?

After asking ‘is a bridging loan a good idea?’ the follow-up question that most people ask is if getting one is expensive. The bridging finance rates on your bridging home loan depend on the terms of your lender and your bridging loan eligibility. Typically, you can get better rates if you have a good credit profile and a low loan-to-value ratio (LVR). The cost of bridge financing can be expensive if your LVR is over 80%, as lenders may consider your loan a higher risk.

Bridgit adjusts pricing and loan size based on risk. The stronger your credit profile and the higher the quality of your asset, the better the rates we can offer you. To get an outline of rates and fees tailored to your loan scenario, apply for a free, no-obligation approval on our platform.

Unlike other lenders, we don’t charge early exit fees and monthly repayments, plus we have a maximum LVR of 75%. You can pay back your loan in full by the end of your loan term after successfully selling your existing home. If you sell before your term ends, you can settle your loan without any early repayment fees.

What is the average interest rate on a bridging loan?

The loan interest rate is another consideration if you’re wondering about questions like ‘is a bridging loan a good idea?’ Your actual interest rate is still subject to your loan size, bridging period, LVR, credit score, and other factors that vary from one lender to another. Make sure you know the interest rates your lender charges when deciding where to get a bridge loan.

So whenever you ask, ‘is a bridging loan a good idea?’ here’s the Bridgit difference; we don’t charge interest fees within the first month of your loan term! If you pay back your bridging loan within one month, your loan only consists of the loan amount and set-up fees. Plus there are no monthly fees or repayments, providing peace of mind while you are in the process of selling.

After selling your property and paying your loan, if there is no outstanding balance, we can release the security over your property within a few days. In case you have a remaining balance after your property sale – which commonly happens when upsizing homes – we will partially discharge your loan. You may refinance the balance with a different lender who can offer you a longer loan term.

Is it difficult to apply for a bridge loan?

Now, you must be wondering how to apply for a bridging loan in Melbourne or anywhere in Australia and if it’s difficult to get one. Getting a personal bridge loan from a traditional bridging finance company can be more complex as their bridging loan lending criteria can be rigid and strict.

Most traditional lenders are stuck with slow manual processes, so your loan application can take much longer than getting a loan from a non-bank lender. Online lenders like Bridgit make it easy to apply for a bridging mortgage from anywhere you are in the country, plus they have an Australian-based customer service team to support you through the process.

Bridgit uses custom advanced technology, enabling you to complete your short-term bridging loan application in under ten minutes. 24-hour approval is possible, and you may process the bridging loan requirements entirely online too. After submitting your application, we will get back to you with a personalised loan offer. Simply make a small deposit (from $900) to confirm your acceptance of our offer and the valuation payment. The necessary documents Bridgit needs will be requested for upload online and you can sign your loan documentation electronically – getting a Bridgit loan is that easy!

If you’re still going back and forth with questions like ‘is a bridging loan a good idea?’ our unparalleled customer service will be more than happy to guide you in making the right decision. Apply for a Bridgit loan now and take one step closer to the home of your dreams!

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