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Short Term Private Lenders

Short Term Private Lenders: Bridgit’s Innovative Approach in Property Financing

In the complex world of property financing, where traditional banks may not always meet specific needs, short term private lenders like Bridgit offer dynamic, tailored solutions. Since 2018, Bridgit has redefined Australian real estate lending with its flexible, technology-driven short term loans, moving beyond the conventional banking paradigm.

Utilising the latest digital tools, we provide a swift, seamless loan process – a stark contrast to traditional banking experiences. Bridgit’s services extend beyond just property purchases; we support diverse financial goals.

As one of the leading short term private lenders, we cater to a wide range of clients, from first-time homebuyers to seasoned investors, with our inclusive and adaptable lending criteria. This approach has made us a key player in the short term private lending sector.

We understand the unique needs of our clients and offer a direct and personalised approach to lending. Unlike the conventional route of seeking a bridging loan broker across Australia, we at Bridgit prefer to engage directly with our customers.

However, we do value and collaborate with mortgage broker partners, providing you with the flexibility to choose: whether to apply for a loan directly with us as a short term private lender or through a broker. We are committed to guiding you every step of the way, ensuring you receive advice and support that is specifically tailored to your financial journey.

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.
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

8.24

%
p.a.
Comparison rate^

8.33

%
p.a.

Bridge Rate from

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^ from
All rates are variable

8.33

%
p.a.
Apply now
Up to 12 month loan term
Up to 80% LVR
Downsizers, upsizers, retirees

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

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.

Stay Rate1 from

7.29

%
p.a.
The Bridge Rate applies at the start of the loan term. After the existing properties are sold and there is a residual loan balance remaining, the Stay Rate1 is applied.
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

7.44

%
p.a.
Apply now
Up to 12 month loan term
Up to 80% LVR
Downsizers, upsizers, retirees

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

Apply online and receive 24 hour approval. Tell us some details about yourself and see how much you can borrow.

*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 private lender?

Short term private lenders are entities that provide short term finance and are primarily characterised by their flexibility and less stringent regulations compared to traditional banks. These direct private lenders can be individual investors or specialised firms. The loans they offer are typically for a duration of twelve months or less, designed to bridge funding gaps or address immediate cash flow issues.

Bridgit, as a leader in this sector, demonstrates this with its unique offerings for Australian homeowners. We provide the advantage of moving into a new home sooner, saving on temporary living and storage costs. Our service includes covering existing mortgages, thereby relieving customers of the burden of managing double mortgages.

Additionally, we provide homeowners with the option to convert existing equity into funds before selling, tailoring our services to improve the lending process and empower our customers to progress in life.
What types of loans do short-term private lenders typically offer?

Short term private lenders offer a variety of loans, mainly categorised into short term property finance, quick personal loans, and business loans. Bridgit specialises in providing real estate loans for property purchases, renovations, and construction, and we’re well-known for our adaptable solutions.

We uniquely focus on alternative home loans and provide flexible short term home loan rates, ensuring each loan aids in achieving property goals and setting a high standard in short term private lending.

Our bridging loan product stands out with features like buying now and selling later, equity release before selling, and covering existing mortgages to prevent double mortgages.

How quickly can one get funded through a short-term private lender?

Short term private lenders are known for their quick funding times, significantly outpacing traditional banks with their online loans. Their streamlined and less formal application processes enable rapid approvals, often allowing borrowers to receive funds in as little as twenty-four hours.

This efficiency for potential same day loans is particularly beneficial for those needing urgent financial support, showcasing the private money lenders’ commitment to prompt and effective service.

Bridgit enhances this efficiency by leveraging technology to streamline the bridge financing process. Our application takes just five to ten minutes, and we offer a twenty-four-hour approval process with the potential for settlement in just a few days for expedited funding.

Moreover, we uniquely offer no monthly repayments, demonstrating our commitment to a customer-centric borrowing experience. While we do have a set-up fee, it is structured transparently to avoid any surprises, ensuring you understand the full terms of your loan from the outset.

Our dedicated partnerships team is always at hand, guiding borrowers and their clients at every step, solidifying Bridgit’s status as not just one of Australia’s short term private lenders but a trusted ally in the property journey. This comprehensive approach showcases how Bridgit is transforming the landscape of property dreams into tangible realities.

Bridgit: Pioneering the Future of Home Financing

At Bridgit, we’re redefining the landscape of short term financing in Australia. Established in 2018, our aim was simple yet profound: to empower Aussies with innovative finance options, enabling them to secure their dream homes without the need to sell their current properties first. As specialists in bridging loans and alternative home loan options, we’ve identified and filled a crucial gap in the market.

Our tech-first approach not only speeds up the approval process but also ensures a seamless, hassle-free experience for our clients. Bridgit stands as a symbol of progress, providing short term home loan options that are both efficient and beneficial.

Whether it’s a loan for a short term rental property or a short term home equity loan, our solutions are tailored to meet the evolving needs of Australian homeowners. Our commitment goes beyond mere transactions; we’re here to guide you towards making informed decisions and taking confident steps in your property journey.

With Bridgit, your next perfect property is just a loan away.

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?
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Aussie based crew

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

Weekdays 9am – 5:30pm

1300 141 161
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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.