If you are interested in Bridgit, connect with them to hear more about their offering and see if it is right for you. Their team is available to help you with your next property move.
If you are interested in Bridgit, connect with them to hear more about their offering and see if it is right for you. Their team is available to help you with your next property move.
Connect with Bridgit
Complete the form and schedule a call with their friendly lending specialists or use their calculator to understand your scenario.
Apply online
Complete the 5-10 minute application and receive approval in under 24 hours.
Buy your new home, sell later
Use the Bridgit loan to purchase your new property! Repay the loan once your existing home has sold.
Bridgit launched in 2021 and is a tech-driven, non-bank lender revolutionising property lending, allowing you to unlock the equity in your home before selling with a bridging loan.
Bridgit provides Australian homeowners access to finance solutions made for today, offering 24-hour approvals, interest free periods and an Australian-based team to support you along the way. Bridgit has helped 100s of homeowners act fast and make the most of opportunities to purchase their next dream home.
1 month interest free and no monthly repayments
Set-up fee from 0.99%
Interest rate from 8.69% p.a after the interest free period, 8.81% p.a comparison rate^.
Funding from $300K to $3M
Loan-to-value ratio (LVR) up to 75%
Loans up to 6 months
“It was a 3-day turnaround from when we first rang to when we were told we were able to make an offer on the property. It was incredible. It has made an incredible change to our lives.”
“I’m self-employed, which is an obstacle that the banks have to take more time processing. Bridgit were accommodating and were able to provide a fast and effective solution.”
“The process was so quick and easy with Bridgit, I managed to sign my declaration between the 10th and 11th hole at my golf course.”
Professional, knowledgeable, unbelievably impeccable institution.
Bridgit went above and beyond for my dad and myself. I have never dealt with such a professional financial institution such as Bridgit in my years of buying houses. Communication, professionalism, understanding, listening, all highly rated. I will be dealing with Bridgit from now on. I encourage anyone looking for a bridging loan to utilise this unbelievable institution.
We want to thank the team at Bridgit.
We want to thank the team at Bridgit for the professional way in which they assisted us in every step whilst using their services to be able to purchase our dream home and move from our townhouse! It was such a stress free experience that I can say I would thoroughly recommend Bridgit to anyone looking for a short term bridging finance solution!
Fast and efficient
Bridgit were fast and efficient, we would never have been able to buy our dream property without them. Would highly recommend them and the team.
There’s a lot to weigh up when buying and selling property, so we’ve tried to make things a little easier for you by calling out some key considerations.
A bridging loan is a short term loan that allows you to borrow against your existing property's equity to purchase a new home. Bridging loans generally cover the purchase price and stamp duty on a new purchase. You repay the loan within the agreed term once you have sold your existing property.
Yes, a Bridgit loan is a first mortgage. Bridgit will refinance your existing home loan as part of the loan amount so that you avoid having to manage two mortgages at the one time.
Yes! Bridgit’s Bridging Loans are a short-term finance solution to buying your dream property. Bridgit provides up to 75% LVR of the combined value of your two properties. For example, if your existing property equity is $2M, and the property you want to buy is worth $1M, Bridgit can cover the full purchase price of your new property. If you are upsizing and need more time to pay back the loan as there is an end loan after the sale, you can refinance to a longer-term loan with an alternate lender.
Costs and fees vary depending on your unique loan scenario. For example, Bridgit may charge:
Set-up fee: The set-up fee starts from 0.99% and is calculated as a percentage of the total loan amount. It is added to your final loan amount and is repaid when your loan is closed.
Interest rate: The first month of the loan period is interest free. Once the one month period has ended, the interest rate is from 8.69% p.a. (8.81% p.a. comparison rate^). Interest is calculated on a daily basis; you only pay interest for the number of days after the interest free period.
Loan deposit: A $900 deposit is paid to accept our conditional approval offer and allows you to move your application into the final stages. Once your loan is funded, Bridgit will apply a credit of the same amount, meaning you get it back.
Valuation fees: To confirm the final loan offer, Bridgit need to complete a valuation on your existing property and the new one you are purchasing. Bridgit charge from $250 per valuation.
Government & settlement fees: Government and settlement fees can vary state by state but generally include title registration fees, mortgage registration fees, discharge fees, PEXA fees, and legal fees.
Apply online in under 5 minutes and receive same day pre-approval. You then pay a small upfront deposit to accept our offer, which allows us to progress your loan to final checks and approvals. Once you sign the loan documents your loan will be settled, all in as little as 48 hours*.
*Subject to the loan scenario and outgoing lenders processes on refinance (if applicable).
Bridgit takes data security and the protection of your information seriously. As a fintech company, Bridgit use technology to digitally verify your financials safely and securely with bank level encryption, whilst delivering you a headache-free application experience. All the information assessed is similar to what you would supply in a manual application, Bridgit’s technology just allows us to process it faster and hassle-free.
Bridgit offer a conditional approval offer when you have a contract of sale or you have found a property you plan to go to auction for. The conditional approval offer is valid for 14 days, and you can accept this offer by paying your loan deposit. Once accepted you then move into the next stage to receive an unconditional approval.
Unconditional approval is given once Bridgit have completed the final assessments of your loan documents, you are then provided a Bridgit loan offer that is not subject to any conditions. This is your final loan offer, and you have 60 days to settle on your new home.
If you don’t have a property in mind you can schedule a call with one of Bridgit’s Bridging Loan Specialists who will tell you a little more about Bridgit and what your next steps may be.
