Bridge Loans

Bridge Loans

A bridge loan is an interim financing solution meant to help you buy a new property while you’re working on selling your current one. Typically, people sell their existing home and use the generated equity to purchase a new property. However, there are instances when acquiring a new property before selling the existing one can be more beneficial. This is where Bridge loans come in. Depending on your requirements and credit history you may be able to borrow up to 75% of LVR. 

With our experience in the financial industry, we have a deep understanding of the bridge loan market and are well-equipped to guide you through the process, ensuring a smooth and stress-free experience.

Web Application

Our online application simplifies the screening process for bridge loans, allowing you to submit information and required documents efficiently.

Competitive Rates

As Private Lenders, we are able to offer competitive interest rates, even for those with low credit scores.

Flexible Plans & Repayments

The bridge loans don’t typically extend beyond a year. We can however offer flexibility on this based on the property value and your credit history.

Support Team

Our experienced support team is available to guide you through the application process, answering any questions and assisting with document submission.

FAQ’s

Bridge loans typically last for 6 to 12 months, but the loan term can vary in certain situations.

Bridge loans typically last for 6 to 12 months, but the loan term can vary in certain situations.

Repayment structures for bridge loans can vary depending on the plan you choose during the application process. It is however important to repay the bridge loan once the existing property is sold.

Yes, depending on the property value and recent credit history it is possible to get a bridge loan in spite of having bad credit. The interest rates however may be slightly more.

Yes, bridge loans can be used for both residential and commercial property purchases. They can be particularly useful when the commercial property needs renovations or improvements before it can generate income.

If you don't sell your current property before the bridge loan term ends, you may need to refinance the loan or find an alternative repayment solution.