Bridgit offers short‑term bridging loans for Australian homeowners, unlocking equity in their current property so they can buy, renovate, or downsize before selling. The platform provides online applications with approvals often within a day, flexible 12‑ to 24‑month terms, no monthly repayments, low set‑up fees and competitive interest rates, all secured with bank‑grade protection.
Funding
$9.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Australian homeowners often need to secure financing quickly to purchase a new property, renovate, or upsize before they have sold their existing home. Traditional banks can be slow, require extensive documentation, and impose strict repayment schedules, creating a gap that can cause missed opportunities or financial strain.
Solution
Bridgit provides short‑term bridging loans that unlock the equity in a homeowner’s current property, allowing them to buy, renovate, or downsize before selling. The platform offers fast, online approvals—often within a day—and flexible loan terms of 12 to 24 months with no monthly repayments or early exit fees. Loans range from $300 K to $8 M with high loan‑to‑value ratios, and a low set‑up fee (starting at 0.79%) plus a competitive interest rate (as low as 0.60% p.a.). All transactions, documents, and data are protected with bank‑grade security, and borrowers receive personal support from real loan experts throughout the process.
Target Audience
Primary customers are Australian homeowners who need to purchase, renovate, or downsize before selling their current property, including self‑employed borrowers and those seeking fast, flexible financing.
Features
- Online application and automated underwriting delivering approvals as quickly as the next business day
- No monthly repayments; borrowers repay the principal and interest in a single lump sum at loan maturity
- Low set‑up fee (from 0.79%) and competitive interest rates starting at 0.60% p.a.
- Flexible loan amounts ($300 K–$8 M) and high LVR options to suit a range of property values
- 12‑month and 24‑month term options with no early exit penalties
- Bank‑grade encryption and security for all documents and data transfers
- Dedicated loan specialists providing real‑person assistance and guidance
- Integration with mortgage brokers and a nationwide broker network for streamlined referrals