Buy your next property on your terms

24 hour bridging loan approval

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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

What Is A Bridge Loan

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 $4M

Apply now

Up to 12 month loan term

No monthly repayments

LVR up to 80%

From 8.99% p.a introductory rate
(includes a 1% p.a discount for the first 6 months)

From 9.11% 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

Why buy before you sell with Bridgit?
Fast approval outcome
We'll provide you with a loan approval outcome in less than 24 hours.
No monthly repayments
No monthly repayments or fees with 1 month interest-free.
No double mortgages
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.

Trusted by customers who Bridgit

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21 Feb 2022

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

14 Feb 2022

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

20 Jan 2021

Great Team.

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

- MTW

22 Dec 2021

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

20 Dec 2021

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

13 Dec 2021

Bridgit was phenomenal

Bridgit was phenomenal in getting our pre-approval ready (within hours!). Easy to deal with and they knew exactly where my application was at.

- NH

13 Dec 2021

Quick and simple process

I had never dealt with Bridging Finance as a Broker previously & Bridgit made the process quick & simple. I could get quick help & support that helped me navigate my first Bridging Finance application.

- Chris

13 Dec 2021

I approached Bridgit with a scenario

I approached Bridgit with a scenario that needed to be settled within 12 days. The deal was lodged within 48 hours. My clients achieved a great result in the time frame required.

- Benjamin Sutton

13 Dec 2021

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

07 Feb 2024

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

11 Nov 2023

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

11 Nov 2023

Great Team

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

- MTW

20 Oct 2022

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

24 Jun 2022

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

20 Dec 2021

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

20 Dec 2021

Bridgit was phenomenal

Bridgit was phenomenal in getting our pre-approval ready (within hours!). Easy to deal with and they knew exactly where my application was at.

- NH

21 Feb 2022

Quick and simple process

I had never dealt with Bridging Finance as a Broker previously & Bridgit made the process quick & simple. I could get quick help & support that helped me navigate my first Bridging Finance application.

- Chris

23 Nov 2022

I approached Bridgit with a scenario

I approached Bridgit with a scenario that needed to be settled within 12 days. The deal was lodged within 48 hours. My clients achieved a great result in the time frame required.

- Benjamin Sutton

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 on refinance (if applicable).

04

Sell

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

Get same day approval with Bridgit

01

Submit application

Apply online and receive same day 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 lenders processes on refinance (if applicable.)

04

Sell

Sell your existing property and pay down your Bridgit loan. No rush, you have up to 6 months.

Apply now

It’s as easy as...

Apply in minutes

Quick and simple online application, with bank level security and encryption.

1

Fast approval

Get approved within 24 hours and progress with confidence.

2
3

Unlock your property equity

Make the most of opportunities! Repay the loan once your existing home has sold.

When should I use a bridging loan?
A common concern many people have after asking ‘what is a bridge loan?’ is when they should get one. You can apply for a bridge loan for the following scenarios:

You want to move into your dream home fast. If you want to settle into your ideal retirement home or move to a bigger home for your growing family without waiting too long, bridging property finance is ideal. As long as you have property equity over your existing property, you can borrow money to make a downpayment for your new home or even pay for it in total if you can get enough funds.

You need more time to prepare your home for sale. It can be a real struggle to buy and sell your home simultaneously. When you get bridge funding, you can worry about selling your existing home later to make the necessary renovations, paperwork, or other arrangements needed for your property sale. This allows you more time to find the right buyer and sell your home at the right price.

You want to save on temporary storage and moving costs. In the past, when you sold your home first before buying a new one, you needed to rush to find a new house and move your things into it, which will not only is inconvenient but costly as well. Nowadays you can get enough time to move and arrange your things in your new home with gap financing, you can also save on temporary storage and moving expenses.

Whatever your reason for asking ‘what is a bridge loan’, Bridgit can help! We can lend you up to $4,000,000 over 12 months – more than enough time for most people to move into their new homes and sell their old ones. The bridging loan amount you can borrow from Bridgit depends on your property equity and your property type. You can borrow up to 80% for residential properties and 50% for vacant land.

Do bridge loans require an appraisal?
Aside from ‘what is a bridge loan?’ many Australians also ask if they need to get an appraisal when they get bridge loan financing. Not all lenders require an appraisal, but many of them conduct property valuation as part of the loan approval process. Unlike an appraisal which is used as a guide for pricing a property for sale, a property valuation determines the actual market value of a property.

To offer you a fair deal, experts will conduct the valuation process for you when you get a loan from Bridgit. We will determine your valuation fee based on factors such as the size of your property, its location, the fixtures and fittings it has, its condition, and many more. Our Aussie-based crew will carefully prepare the valuation for you and let you know how much you can borrow so you don’t have to use a random bridging loan calculator, which doesn’t always give accurate cost estimates.

You are welcome to schedule a call with us for any questions regarding your property valuation or other enquiries such as ‘what is a bridge loan’.

How long does it take for bridging loans to get processed?
Compared to traditional long-term loans, bridging finance loans get approved much faster in just a few weeks or even days with the right lender. However, the duration of your loan process depends on your lender’s specific loaning process and how fast you comply with the requirements. Advanced technology allows online lenders to process loan applications more quickly than traditional banks.

At Bridgit, you can complete your application in under ten minutes and get approved within 24 hours. After completing your application, our team will reach out to ask you a few questions and give you a personalised loan offer. Simply make a small deposit (from $900) and payment for the valuations to confirm, and we will proceed to the valuation and verification processes. You may affix your signatures electronically, and settlement is possible in as little as a few days.

Bridgit offers an initial interest-free period, and you don’t have to worry about monthly repayments either; you can pay back your loan in full by the end of your loan term or after selling your existing property.

Now that you know the answer to ‘what is a bridge loan’, waste no time and apply for a Bridgit loan! Apply now and get an outline of bridging finance rates and fees tailored to your unique loan scenario!

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Aussie based crew

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

Weekdays 9am – 5pm

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.

^Comparison rate is calculated on a $150,000 secured loan over a 25-year term where a minimum repayment of 40% of the initial loan amount is made within the first 6 months of the loan commencing. WARNING: Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rates. Comparison rates for interest only loans will not reduce your loan balance. This may mean you pay more interest over the life of the loan. Bridging Loan set up fee is from 0.99% and government charges apply. A minimum repayment of 40% of the initial loan amount must be made within the initial 6 months to remain on the introductory rate. This can be achieved through sale of a property or other contributions.