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Short Term Property Loans In Canberra


How to Secure Short Term Property Loans in Canberra

Are you looking into options for short term property loans in Canberra? Have you been feeling overwhelmed by the process of buying a new home because your existing one is still on the market? Bridgit is here to help make your financing and property transition journey easier for you.

Finding suitable Canberra property loans can be daunting. So, let us take you through the basics of short term property loans, such as bridging loans, and how Bridgit can assist you in landing your dream home.

Secure the home you deserve

Isn’t it frustrating to be held back by your existing home when you’re trying to buy a new one? When you haven’t sold your current property yet, it can be tough to secure a new home that truly matches your needs, goals, and financial capability.

This is where Bridgit comes in. Our bridging loans are a type of short term property loan that gives you the financing you need to secure your new property without selling the existing one. This way, you won’t need to settle for less or worry about someone else buying the property you’ve got your eye on while you’re trying to close a sale.

Whether you’re retiring and need to move to a retirement home, or someone who needs more space for their growing family, our short term property funding solutions may just be what you’re looking for.

Financing meant for you

Our bridging loan solutions at Bridgit are designed to be flexible and convenient, allowing you to buy before you sell.

These loans are all about crafting a financing route that aligns seamlessly with your immediate goals. So, if you’re looking at short term property loans in Canberra in the hopes of purchasing your next home before selling, our bridging loan is the way to go.

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
Investor

Bridgit Bridging Loans

Buy now, sell later

Set-up fee from 0.79%
Up to 24-month loan term
Min $300K, max $10M
Up to 80% LVR
No monthly repayments
24 hour approval

Bridge Rate from

7.74% p.a.

i

Stay Rate1 from

7.04% p.a.

i
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.
Comparison Rate^ from
All rates are variable

7.17% p.a.

i
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.
Apply now
Learn more about the Bridgit Loan

Bridgit Bridging Loans

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.
Set-up fee from 0.79%
Up to 24-month loan term
Min $300K, max $10M
Up to 80% LVR
No monthly repayments

Bridge Rate from

8.24% p.a.

i

Stay Rate1 from

7.54% p.a.

i
Comparison Rate^ from
All rates are variable

7.67% 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
Apply now
Learn more about our rates

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 24 months.

Apply NowSchedule a call
Frequently Asked Questions (FAQ)

What are the key features of short term property loans in Canberra?

Repayment terms
These loans have shorter repayment terms compared to traditional mortgage loans. If you’re looking to get financing for your new home with a repayment period that won’t go on for too long, short home property loans are the best way to go.

At Bridgit, we offer upsizing and downsizing short term property loans in Canberra and beyond with loan terms of up to 24 months.

Quick process
With traditional lenders the application process tends to be more rigorous and can take a few months to complete. In comparison, short term property loans with Bridgit are less time-consuming to apply for and get approval for.

If you’re looking for a quicker way to secure short term property loans in Canberra so that you can buy before you sell, Bridgit is the right place to be. We believe in the power of technology to simplify complex financial processes. Our approach embodies swiftness and simplicity via our secure online application process that takes five to ten minutes, providing approvals within twenty-four hours.

This isn’t just about getting fast property loans; it’s about making the process as seamless as possible so you can enjoy the excitement of getting the home you deserve.

Flexibility
Because you don’t have to commit to several years of repayment, short term loans give you the flexibility that you may need. When you opt for a short term home loan, you’ll have your repayments done sooner and will no longer have them hanging over your head.

Flexible repayment terms give you peace of mind and the ability to just enjoy your new home.

This flexibility is especially present in Bridgit’s bridge financing solutions. Since we don’t charge early repayment fees, you’re free to settle your loan as soon as you can without incurring more costs.

What is the role of credit scores in securing short term property loans in Canberra?

When it comes to short term property finance, your credit history is essential. Your credit score is a key factor that lenders use to evaluate your creditworthiness since it represents your past financial behaviour.

Take the next step towards your new home

At Bridgit, we pride ourselves on redefining the essence of homeownership with our innovative bridging loans. Founded in 2021, our company was born out of a vision to transform the way people can access finance for their homes.

We understand the value of a home and the emotional connection it holds. So, when we saw the need for a specialised service in bridging finance options, we stepped in to fill it with expertise, technology, and convenience.

Bridgit doesn’t just offer Canberra loans, either. Our mission is to empower Australians across the country, providing them with the ability to acquire their dream property without the pressure of selling their current home first. So, whether you’re looking for short term property loans in Canberra or wherever else in the country, you can turn to us for your financing needs.

Embark on the path to your dream home and apply for a loan 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?
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Weekdays 9am – 5:30pm

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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.