Bridgit Rates and Fees
Best Lending Innovation
Winner, Finder Innovation Awards
Our rates
Upsizer bridging loans
Upsize your home now, sell later. When you're upsizing with Bridgit, you start on our Bridge Rate. Once your existing property sells and a repayment is made, there will be a remaining loan balance—this is your residual loan amount. At that point, your rate will automatically decrease to the Stay Rate1 for the rest of the term, so you can enjoy no monthly repayments for longer.
You’ll need to refinance this residual loan balance to a traditional home loan before the end of your term.
All rates are variable.
Downsizer bridging loans
Downsize on your terms by unlocking the equity in your current home to buy now and sell later. When you sell your existing home, you simply repay your Bridgit loan with no remaining mortgage.
Our fees
This fee is calculated as a percentage of your loan and is included in your total loan amount.
This means you don’t have to worry about making monthly repayments during your loan term. When you repay your loan, interest will be recalculated based on the actual term and the applicable rates.
Valuation fees are paid at the conditional offer stage to support unconditional approval.
Government and third-party fees
It’s important to be aware of government and third-party fees that may apply throughout the process.
Secure and
trusted process
We use bank level security and encryption across our digital platform to ensure your information is secure.
Questions? We’re here to help.
We pride ourselves on great customer service, if you have any questions, contact our specialist team at any time.
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.