What is a Bridging Loan?
Bridging loans are a short-term finance solution designed to bridge the gap between the sale of one property and the purchase of another. It’s commonly used when your new property settles before your old one sells, ensuring you can make your next move without rushing a sale or missing out on a great opportunity.
Bridging loans in Australia typically run for a few months up to a year, providing the short-term funding needed to:
- Secure a new home before selling.
- Access equity for pre-sale renovations or repairs.
- Access equity for subdivision
- Cover staging costs before listing your home.
- Cover settlement gaps, legal costs, or moving expenses.
- Fund deposits for investment property purchases.
Whether you’re downsizing, investing, building, or simply need to make things line up, a short-term bridging loan can help make it happen smoothly.
Considering options like a short-term home equity loan or a short-term second mortgage? Our team can help you find the best fit.
The upside of short term bridging loans include:
- Access the equity in your home within days to help buy your new home quickly or pay the deposit on your next residential purchase
- You don’t have to miss out on THAT property while you wait to sell yours
- Avoid the stress of having to sell in a hurry, and, by doing so, potentially get a better price on your house
- Maximise the market value of your home in preparation for sale
- Can help reduce or avoid storage and/ or temporary rental property costs
- Create wealth by completing that small subdivision or duplex
- Fully regulated by ASIC with the extra protection of AFCA membership (Mango Mortgages only)
- Obtain funding for personal purposes
Apply here for bridging loans online
Why Consider Bridging Loans in Australia?
We keep things simple, fast and fair. Our short-term bridging loans are all about flexibility and clarity, letting you move forward confidently.
Secure Your Next Home Without Delay
There’s no need to wait to sell before you buy. Bridging loans give you the ability to purchase your next property while finalising the sale of your current one.
Access Urgent Funds Quickly
With quick approvals within 24 hours, and funding usually in 3 to 5 business days, our urgent bridging loans help you move fast in competitive markets, perfect for auctions, investments, or quick-turnaround opportunities.
Avoid Mortgage Overlap Stress
A bridging loan in Australia prevents the pressure of paying two mortgages at once, giving you time to sell at the right price instead of settling for a lower price in a rush.
Tailored to Your Needs
From renovations and construction to covering costs during a gap, our bridging loans are structured with your specific needs in mind.
How a Short-Term Bridging Loan Works
Start with a quick conversation with the Mango Credit team or submit your application for a bridging loan online. Once we understand your needs, we’ll provide a clear proposal outlining the interest rate, loan term, structure, and associated costs.
From there:
- You review and return the signed offer and any required documents.
- Our lawyers issue the security documents.
- Once the documents are correctly executed and certified, funds are transferred to your nominated account.
Why We’re the Top Pick for Bridging Finance
At Mango Credit, we’re here to understand your goals and make them happen with the right structure and support. Here’s why Australians trust us for bridging loans online:
- Transparent terms: No hidden fees, surprises, or confusing small print. We keep the terms clear and upfront to help you make the best decisions for your situation.
- No Credit Checks: Your loan is secured against your property, not your credit score, ensuring zero impact on your credit file.
- Fast Turnaround: Approvals in days, not weeks, with funds typically available in 3 to 5 business days.
- Licensed & Compliant: Mango Mortgages is fully NCCP-compliant and committed to lending responsibly.
Bridging Finance in Australia, Find Your Solution
You’ve got enough on your plate when buying, selling, or building. With a short-term mortgage loan, funding your next move is easy, fast, and stress-free.
Apply online or get in touch with Mango Credit today.
Bridging Loans FAQs
How do bridging loans work?
Bridging loans let you access the equity in your current property when timing is tight. This lets you secure your next home or cover costs like renovations or deposits before selling an existing property. Once your property sells, the bridging loan is repaid.
How long does it take to get a bridging loan?
Once your application is submitted and approved by our team, your funds will be available within 3 to 5 business days. The exact time frame can vary depending on your property details and documents, but we’ll keep you updated at every stage.
What is the interest rate for a short-term bridging loan?
Interest rates for short-term bridging loans depend on several factors, including your loan amount, property type, and term length.
How do I qualify for a bridging loan?
To qualify for a bridging loan in Australia, you’ll need to own real estate that can be used as security. We don’t run credit checks or income assessments, making the process simple and accessible. After assessing your scenario, our experts will tailor a plan suited to your needs.
Get started! Contact us today.
We offer short-term bridging loans, as well as fast first mortgages, second mortgages, home equity loans and business loans. And you can quickly and easily apply online.
