Short Term Lending
Bridgit’s Guide: The Types of Short Term Lending Schemes
In Australia, short term lending dons many hats. It’s sometimes used for big, one-time purchases. Other times, it’s used to cover surprise expenses. In cases where a person is looking for a loan for a short term rental property, they can use the loan to buy a new home while in the process of selling their old house, so they don’t have to wait to settle.
This is what Bridgit is here for. We offer bridging loans for property owners who want to upsize or downsize their homes. Let’s go over our services and provide insights about short term lending in general in the article below.
All about Bridgit’s bridging loan
Bridgit specifically offers short term property loans. These loans are helpful to people who have sold their homes, will buy or have already bought a new one, and are in need of quick loans to finance their purchase.
With us, applying for this short term lending plan is done online. It’s straightforward; you only need to complete an application form, which can take from five to ten minutes. With the advanced technology we use for our site and the expertise of our team, we could provide a bridging loan approval in twenty-four hours.
Under our bridging loan, you will have 12 months to sell your old home and repay your loan. We will not ask for a monthly instalment repayment.
Instead, the set-up fee will be deducted automatically from the total loan proceeds. This means that you don’t need to worry about payment expenses during this period, and you don’t need to look for other short term lending options.
Disclaimer: Unless otherwise specified, the opinions expressed in this article are strictly for general informational purposes only and should not be taken as financial advice or recommendations. Any views are subject to change without notice at any time.
In Australia, short term lending dons many hats. It’s sometimes used for big, one-time purchases. Other times, it’s used to cover surprise expenses. In cases where a person is looking for a loan for a short term rental property, they can use the loan to buy a new home while in the process of selling their old house, so they don’t have to wait to settle.
This is what Bridgit is here for. We offer bridging loans for property owners who want to upsize or downsize their homes. Let’s go over our services and provide insights about short term lending in general in the article below.
All about Bridgit’s bridging loan
Bridgit specifically offers short term property loans. These loans are helpful to people who have sold their homes, will buy or have already bought a new one, and are in need of quick loans to finance their purchase.
With us, applying for this short term lending plan is done online. It’s straightforward; you only need to complete an application form, which can take from five to ten minutes. With the advanced technology we use for our site and the expertise of our team, we could provide a bridging loan approval in twenty-four hours.
Under our bridging loan, you will have 12 months to sell your old home and repay your loan. We will not ask for a monthly instalment repayment.
Instead, the set-up fee will be deducted automatically from the total loan proceeds. This means that you don’t need to worry about payment expenses during this period, and you don’t need to look for other short term lending options.
Disclaimer: Unless otherwise specified, the opinions expressed in this article are strictly for general informational purposes only and should not be taken as financial advice or recommendations. Any views are subject to change without notice at any time.
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