Buy your next property on your terms

24 hour bridging loan approval

Apply nowSchedule a call
Trustpilot

Best Lending Innovation

Winner, Finder Innovation Awards

Short Term Loan Against Property

The Bottom Line On A Short Term Loan Against Property

For those looking to fund a home purchase, a short term loan against property is an option to consider when it comes to financing.

Short term loans against property, such as a bridging loan or direct short term loan, are a form of lending where your property serves as security. The loans are designed for homeowners seeking quick financial solutions, such as purchasing a home while another property is being sold.

The good news is that property-backed loans, such as a short term mortgage or bridge loan, are on the rise, especially among those needing faster or more convenient financing options to buy their dream home.

That’s why, at Bridgit, our approach to short term property financing is tailored to meet your unique needs. With our tech-forward approach, we offer a direct, expedited loan process that's not just fast but also transparent and flexible.

With a Bridgit asset-based loan, you're taking the first step towards financial freedom and empowerment.

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.
Downsizing
Upsizing

Residential Bridging Loan

Buy now, sell later

No monthly repayments
Set-up fee from 0.79%
Min $300K, max $8M

Variable Bridge Rate

We offer an introductory rate for the introductory period of the loan term which includes a 1% discount.
We offer an introductory rate for the introductory period of the loan term which includes a 1% discount.
i

8.24

%
p.a.
Comparison rate^

8.33

%
p.a.

Bridge Rate from

7.99

%
p.a.
All rates are variable.
We offer an introductory rate for the introductory period of the loan term which includes a 1% discount.
i
Comparison Rate^ from
All rates are variable

8.08

%
p.a.
Apply now
Up to 12 month loan term
Up to 80% LVR
Owner-occupied, investment

Residential Bridging Loan

Buy now, sell later

No monthly repayments
Set-up fee from 0.79%
Min $300K, max $8M

Variable Bridge Rate

We offer an introductory rate for the introductory period of the loan term which includes a 1% discount.
We offer an introductory rate for the introductory period of the loan term which includes a 1% discount.
i

8.74

%
p.a.
Comparison rate^

8.84

%
p.a.

Bridge Rate from

7.99

%
p.a.
The Bridge rate applies at the start of the loan term. All rates are variable.
We offer an introductory rate for the introductory period of the loan term which includes a 1% discount.
i

Stay Rate1 from

7.04

%
p.a.
After the existing properties are sold and there is the residual loan balance remaining, the Stay Rate1 is applied.
All rates are variable.
We offer an introductory rate for the introductory period of the loan term which includes a 1% discount.
i
Comparison Rate^ from
All rates are variable

7.19

%
p.a.
Apply now
Up to 12 month loan term
Up to 80% LVR
Owner-occupied, investment

Get 24 hour approval

Apply nowSchedule a call

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.

Apply nowSchedule a call

Trusted by customers
who Bridgit

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

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

Great Team

During the stressful times of obtaining Finance, the BRIDGIT Team came to thefore. We are most grateful for their advice and support.
- MTW

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

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

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
Trustpilot

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 onrefinance (if applicable).

04

Sell

Sell your existing property and pay down your Bridgit loan. No rush, you have up to 12 months.

Apply NowSchedule a call
Frequently Asked Questions (FAQ)

What is a short term loan against property?

A short term loan against property is a secured type of loan that uses the borrower's property as loan security. Generally speaking, lenders determine the loan amount based on the equity in the property.

These short term home loans are an ideal short term financing solution for those looking to leverage their property's value swiftly and effectively, providing a dependable short-term loan option for buying property.

To this end, bridging loans offer homeowners the opportunity to purchase their next home without having to sell their existing one right away. By taking out a bridge loan, they can use the equity in their existing property to fund their new home, allowing them to find the perfect home before selling.

What are the eligibility criteria for obtaining a short-term loan against property?

Qualifying for a short term loan against property typically will require a formal credit assessment so that formal approval can be provided.

To that end, Bridgit offers short term property funding in the form of flexible, fast, and secure bridging loans to help you buy your next home. We lend to a wide range of borrowers, whether you are self-employed, retired, or a standard-income earner. Our friendly customer service team can provide you with a full list of the documents you'll need to complete your Bridgit loan application.

Bridgit makes navigating the world of bridging loans straightforward. With our team of experts who will guide you through every step, you can confidently make informed financial decisions on a short term loan against property without the hassle and typical stress.

Transforming Home Financing with Bridgit

Bridgit specialises in bridging loans, helping Australian homeowners secure their dream homes without the pressure of immediately selling their current properties.

Homeowners often find themselves in limbo because of the slow, cumbersome processes that are typical of traditional lending practices, like a loan for short term rental property. Bridgit challenges this norm by implementing a 'tech-first' approach to the likes of a short term loan against property, offering a swift and smooth process from the application stage to potential approval.

With bridging as an alternative home loans financing solution, we at Bridgit can offer you the solution you need and the flexibility you desire. This innovative approach to short term property finance helps us empower our borrowers to move forward with housing purchases without delay.

Every Australian deserves an opportunity to step into their next chapter of life with support from a financial ally that has their interests in mind. Apply for a bridging loan with us today.

Bridging essentials

What is Bridging Finance & How does it work?
Is a type of bridge finance?
Who owns bridging finance?
What is bridging finance Australia?
A woman wearing headphones and a black shirt.

Aussie based crew

We’re here to help, if you have any questions get in touch.

Weekdays 9am – 5:30pm

1300 141 161
Apply nowSchedule a call

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.

1 The Stay Rate will only apply if a repayment is made from the sale of Outgoing Properties (or another repayment method approved by us, at our discretion) and the repayment reduces the Amount You Owe to an amount that is equal to or less than your Residual Loan Balance.
‍
^Comparison rate is calculated on a $150,000 secured loan over a 25-year term. For Upsizer loans, a Bridge Rate applies for the first 12 months, followed by a Stay Rate thereafter. For Downsizer loans, only the Bridge Rate applies. WARNING: This comparison rate is true only for the example provided and may not include all fees and charges. Different loan amounts, terms, or fee structures will result in different comparison rates. For interest-only periods, your loan balance does not reduce, meaning you may pay more interest over the life of the loan. Set-up fee from 0.79% and government charges apply.