Rates and Fees
Bridgit loans are built for momentum. Short-term by design and approved fast, our rates are structured to suit your next move - simple, flexible, and upfront.
12-month term
Bridge Rate from
8.49% p.a.
Fixed set-up fee at
0.60% p.a.
Stay Rate1 from
7.29% p.a.
Comparison Rate^
from
7.43% p.a.
Maximum loan
amount
$10,000,000
LVR up to
85%
24-month loan term
Bridge Rate from
8.49% p.a.
Fixed set-up fee at
0.95% p.a.
Stay Rate1 from
7.29% p.a.
Comparison Rate^
from
7.52% p.a.
Maximum loan
amount
$8,000,000
LVR up to
70%
12-month term
Bridge Rate from
8.74% p.a.
Fixed set-up fee at
0.60% p.a.
Stay Rate1 from
7.29% p.a.
Comparison Rate^
from
7.45% p.a.
Maximum loan
amount
$10,000,000
LVR up to
85%
24-month loan term
Bridge Rate from
8.74% p.a.
Fixed set-up fee at
0.95% p.a.
Stay Rate1 from
7.29% p.a.
Comparison Rate^
from
7.55% p.a.
Maximum loan
amount
$8,000,000
LVR up to
70%
Fees
We believe in keeping costs upfront and easy to understand. Every loan includes a few standard fees, with no hidden surprises.
Set-up fee
Interest
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.
Loan deposit
Valuations
Valuation fees are paid at the conditional offer stage to support unconditional approval.
Loan discharge
Document preparation
Our fees
From 0.60%
The set-up fee is calculated as a percentage of the total loan amount and is deducted from the loan proceeds at settlement.
Interest in advance
We calculate your interest in advance based on the bridge rate and include it in the 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.
From $900.
The deposit is paid to accept your conditional approval offer and allows you to move into the final stages of loan approval. On settlement we apply a credit of the same amount.
From $220 per valuation, varies based on property value
Australian Property Institute certified valuers conduct independent valuations on the properties listed in the application.
Valuation fees are paid at the conditional offer stage to support unconditional approval.
$450
The discharge fee covers the administrative steps to complete a hassle-free and smooth transition from your loan.
$770
We work with expert lawyers to handle all the loan paperwork and to represent Bridgit at settlement, ensuring everything runs smoothly.
Government and third party fees
Varies
Engaging a lawyer to assist with the process can ensure that all loan requirements are properly managed and can provide representation on your behalf. Legal fees will vary based on the specific lawyer you choose.
Property reports like inspection or strata can vary in cost
You might need to consider ordering inspections or property related reports.
Government charges can include stamp duty, check your local government website for details
We can include stamp duty in your loan amount, making it easier to manage your finances during your property transition.
Varies by state. Typically ranges from $200-$400
Registering your mortgage or discharge of mortgage. We include an allowance in your total loan amount.
FAQs
We aim to be transparent about our fees and help you understand how they apply to your loan.
Loan to Value Ratio (LVR) is the amount of money you are borrowing from a lender, shown as a percentage of the value of the property you are borrowing against.
A Bridging loan is calculated by taking the amount you need to purchase, excluding the deposit, and any existing mortgage on the property you are selling. You simply add the mortgage to the property sale price to calculate the bridging loan amount.
At Bridgit we also calculate interest in advance and include it in the total loan amount, along with other fees. 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.
Unlike other lenders, we do not charge monthly fees, annual fees, or bill extra for paying off your loan early. Instead, we charge a set-up fee. The set-up fee covers the cost of providing you with credit assistance and the loan. It is a one-time, non-refundable fee that is added to the loan balance and on settlement, it is automatically deducted from your total loan proceeds. In simpler terms, the amount of money you receive is the total loan amount minus the set-up fee, meaning you don't have to worry about paying anything until the end of your loan term once you have sold your property.
The interest rate for a bridging loan is generally a variable rate. The interest rate varies by different lenders. View our rates page for the most up to date rates.
Australian Property Institute certified valuers conduct independent valuations on the properties listed in the application.
The valuation fee can be determined by a number of things including: size of the property, location, number and types of rooms, fixtures and fittings, building structure and condition, ease of access, such as easy vehicle access and a garage, local council zoning, recent sales in the area and market conditions.
Valuation fees are paid at the conditional offer stage to support unconditional approval.
Bank-grade security
Every transaction, document, and piece of data is secured with industry-leading protection.
Lightning-fast approvals
Life doesn’t wait around, and neither should your finance. Apply today, get an answer as soon as tomorrow.
Real people, real service
Our team is here to make things easy. Talk to real people who care, and who know how to keep things moving.
Trusted by homeowners
We help Australians upsize, downsize, renovate and start their next chapter. Whatever the step, we can help you get there.
Bank-grade security
Every transaction, document and piece of data is secured with industry leading protection.
Lightning-fast approvals
Life doesn’t wait around, and neither should your finance. Apply today, get an answer as soon as tomorrow.
Real people, real service
Our team is here to make things easy. Talk to real people who care, and who know how to keep things moving.
Trusted by homeowners
We help Australians upsize, downsize, renovate and start their next chapter. Whatever the step, we can help you get there.
Life moves.
Here’s how we’ve helped.
Bridgit helps homeowners move forward with confidence.
Bridging Loans
Buy now, sell later. No more missing out or standing still. A whole lot more momentum. Keep life moving.
Calculator
Find out what’s possible - calculate your borrowing power today.
Unlock your financial potential
Progress starts with one conversation. Reach out to us today and discover how easy your next step can be.
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.
1The 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 0.60% and government charges apply.