Buy your next home before you have sold.

24 hour bridging loan approval

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Best Lending Innovation

Winner, Finder Innovation Awards 2023

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

Many Australians looking up ‘how to buy a house when you haven't sold yours’ typically ask next, ‘what is a bridge loan?’ A bridge home loan is short-term property finance that lets you borrow money against your property equity. This means you can get instant funds for your home purchase without immediately rushing to sell your current property. Many finance companies offer bridge lending services, so it’s essential to know how to choose the right one. 

You can trust Bridgit for your bridge finance needs! We have helped many Australians buy their dream house, whether downsizing to a smaller home or upsizing to a bigger space. Unlike traditional lenders associated with slow manual processes, we have streamlined our loaning process using our technology, so you never have to miss out on any opportunity to move forward in life.

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 $3M

Apply now

Up to 6 months loan term

No monthly repayments

LVR up to 75%

From 8.69% p.a thereafter, 8.81% 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

Trusted by customers who Bridgit

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21 Feb 2022

I had a great experience

Bridgit provided superb customer service with regular communication throughout the process. A much more personable and flexible experience.

- Giles

14 Feb 2022

We settled on time!

The team were exceptional in getting valuation, documentation etc completed and we settled for property on time!

- Neil

20 Jan 2021

Fast & Efficient

Bridgit were fast and efficient we would never of been able to buy our dream property without them. Would highly recommend them and the team.

- Kristen

22 Dec 2021

Great to deal with

They came back to us quickly with a decision, and we were able to move forward with confidence. I would use them again and will recommend them.

- Anthony

20 Dec 2021

Thank you Bridgit

Thank you all at Bridgit. The whole process was quick and efficient, completely the opposite from dealing with the bank.

- Frances

13 Dec 2021

Fast and efficient

Bridgit were fast and efficient we would never of been able to buy our dream property without them. Would highly recommend them and the team.

- Sharrane

02 Feb 2023

Definitely worth a try

If you're thinking about getting a bridging loan I'd recommend giving Bridgit a try. In my experience I found Bridgit to be way more efficient than the big banks. I received conditional approval within an hour of my application and unconditional approval within a week.

- Michael

23 Nov 2023

Definitely will be recommending team Bridgit again

Bridgit came to the rescue providing an approval less than 24hrs of submission and settlement booked within 24hrs of returned signed loan docs. With Bridgit's assistance and fast processing we were able to leave a positive experience with our high valued client.

- Irene

11 Nov 2023

Highly recommend

The team at Bridgit was so helpful in ensuring my clients could settle on their dream homes. Our situation was slightly complicated, but this never phased Bridgit, who offered us a solution no bank could.

- Oliver

20 Oct 2022

Worth a look before the banks

Bridgit absolutely came through for us - customer service was great. The whole team was up-to-date with our application making it easy to progress. I highly recommend Bridgit. Very reasonable fees and rates make them an option to be seriously considered over the big banks.

- Dana

24 Jun 2022

Professional, knowledgeable, unbelievably impeccable

I have never dealt with such a professional financial institution such as Bridgit in my years of buying houses. I encourage anyone looking for a bridging loan to utilise this unbelievable institution.

- Vikki

08 Apr 2022

A bridging loan that is easy!

A great new bridging loan facility that is market-leading and easy to set up, quick to provide approval and follow up customer service. If you are downsizing or moving, and need finance to make it happen efficiently and without the usual red take, then this is the lender for you.

- Paul

20 Dec 2021

Mortgage broker experience

I referred a client to Bridgit and was very happy with their service. They approved the application in 5hrs, which allowed them to bid with confidence at auction the following day.

- George

21 Feb 2022

I had a great experience

Very easy to apply - I had my conditional approval within hours of submitting my request. It was very clear what needed to be provided to get unconditional approval, and I knew when I inspected the property that if I needed to make an offer, I was well-placed to do so.

- Annette

23 Nov 2022

Highly recommend working with Bridgit

Working with Bridgit to obtain financing for a bridging loan was straightforward. The online interface guides you through the requirements, and their customer service team is very helpful. Any questions we had were answered promptly. They have found a niche in the bridging loan market.

- Marcus

It’s as easy as...

Apply in minutes

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


Fast approval

Get approved within 24 hours and progress with confidence.


Unlock your property equity

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

Apply now

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 $3,000,000 over six 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 75% 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.

The first month of your loan term will be interest-free, 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