Winner, Finder Innovation Awards 2023
Found the perfect home but haven't sold yet?
Avoid temporary living and the cost of multiple moves
Don't miss out because of long settlements
Bank approval taking too long?
The Bridgit bridging loan, is tailored to property owners looking for easy, stress free solutions. We help you get to the next stage in your property journey by unlocking the equity in your home, before you have sold.
In simple terms, a bridging loan is a short-term finance solution designed to ‘bridge’ the gap between the purchase of a new property and the sale of your existing home. When you sell your existing property, you repay your bridging loan. This is where the term ‘bridge’ comes from - the loan is your bridge from one property to another.
The Bridgit loan is designed to help everyday Aussie homeowners progress through their property journey.
Set up fee from 2.49%
3 months interest free*
Min $300K, max $3M
Up to 6 months loan term
No monthly repayments
LVR up to 75%
Schedule a call
The Bridgit bridging loan, is tailored to property owners looking for easy, stress free solutions. We help you get to the next stage in your property journey by unlocking the equity in your home, before you have sold.
In simple terms, a bridging loan is a short-term finance solution designed to ‘bridge’ the gap between the purchase of a new home and the sale of your existing property. When you sell your existing property, you repay your bridging loan. This is where the term ‘bridge’ comes from - the loan is your bridge from one property to another.
The Bridgit loan is designed to help everyday Aussie homeowners progress through their property journey.
Buy Now, Settle Later
Sold your home, but waiting to settle? Buy your next home now, settle later.
1 month interest free
Set-up fee from 0.99%*
*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.
Buy Now, Sell Later
Found your next dream home? Buy your next property now, sell later.
1 month interest free
Set-up fee from 1.25%**
* *If the property you are selling is located in a metropolitan postcode and does not have an exchanged contract of sale.
Bridgit Loan
Buy your next home before you have sold with the Bridgit loan.
* For Category 1 metro properties with an exchanged contract of sale, settlement within 30 days from exchange.
Quick and simple online application, with bank level security and encryption.
Get approved within 24 hours and progress with confidence.
Make the most of opportunities! Repay the loan once your existing home has sold.
We can help all types of homeowners
Eligibility requirements
Postcode requirements
PAYG Income
Self employed
Retired with no income (downsizing only)
Fees can vary depending on your unique loan scenario.
From 0.99%
If the property you are selling has an exchanged contract of sale, the set up fee starts from 0.99% and is calculated as a percentage of the total loan.
From 0.99%
If the property you are selling does not have an exchanged contract of sale, the set up fee starts from 1.35% and is calculated as a percentage of the total loan.
1 month
The first month is interest free. No monthly repayments for the duration of the loan term.
Variable rate from 8.45% p.a after the interest free period
At Bridgit, we calculate your interest in advance and include it in the total loan amount. This means you don’t have to worry about making monthly repayments during your loan term.
If you repay your loan early, your interest will be recalculated and your repayment amount reduced to reflect your actual term. For example, if you repay at 2 months, your final repayment amount will be reduced to reflect only 2 months of interest.
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
We complete a valuation of the properties so we can confirm the final loan amount.
Vary by state
These fees generally include the mortgage registration fee, discharge fees, pexa fees and legal fees.
Complete our online application to find out what costs may apply to your unique scenario (don’t worry it doesn’t cost anything to apply!).
07 Feb 2024
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 2022
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 2022
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 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 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
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 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
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 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
Disclaimer
^Comparison rate is calculated on a $150,000 secured loan over a 25-year term. 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 a different comparison rate. 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.
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.
