* Contact us, complete the short enquiry form to get started, or give us a call to learn more about our VIP Rates for larger loans.
1 Advances are subject to assessment and approval criteria. Advances can range from $5,000 up to $5,000,000 or the available equity in your property(80% property value) minus fees.
2 Interest on overdue amounts will be charged at a rate of 1.5% of the outstanding amount payable on the 61st day and then every 30 days after the due date.
In order to qualify with Settlement Advances with your bridging loan in australia enquiry;
You must:
There are a number of bridging loan alternatives to consider to bridging loans, and the best option will depend on your situation and needs.
Bridging loans in australia can be useful in a number of situations, where you are asset rich( in a property) and have a shortfall in cash and need access to your equity fast.
If you are in the process of selling your property, you know that when your property sells, the equity that you have built up in your property will be available to you, however if you need to make use of that locked up equity before the settlement date, a bridging loan in australia may help.
Some common examples include:
Unlike Section 27 (Early Deposit Releases), which are only available in Victoria, our settlement advances are available in every state across Australia.
* Contact us, complete the short enquiry form to get started, or give us a call to learn more about our VIP Rates for larger loans.
1 Advances are subject to assessment and approval criteria. Advances can range from $5,000 up to $5,000,000 or the available equity in your property(80% property value) minus fees.
2 Interest on overdue amounts will be charged at a rate of 1.5% of the outstanding amount payable on the 61st day and then every 30 days after the due date.
* Contact us, complete the short enquiry form to get started, or give us a call to learn more about our VIP Rates for larger loans.
1 Advances are subject to assessment and approval criteria. Advances can range from $5,000 up to $5,000,000 or the available equity in your property(80% property value) minus fees.
2 Interest on overdue amounts will be charged at a rate of 1.5% of the outstanding amount payable on the 61st day and then every 30 days after the due date.
 |
Typical Bridging Loans |
|
|---|---|---|
| Borrow up to Available Equity1 |  |
 |
| Same Day Approval | |
|
| Typical Funding Time | 24 - 48 Hours | 2 - 3 Weeks |
| No Application or Admin Fee | |
|
| One-off Credit Fee2 | |
|
| Get Started |
* Contact us, complete the short enquiry form to get started, or give us a call to learn more about our VIP Rates for larger loans.
1 Advances are subject to assessment and approval criteria. Advances can range from $5,000 up to $5,000,000 or the available equity in your property(80% property value) minus fees.
2 Interest on overdue amounts will be charged at a rate of 1.5% of the outstanding amount payable on the 61st day and then every 30 days after the due date.
| Example | Borrow | Repay |
|---|---|---|
| Preparing for Sale Costs | $10,000 | $10,600 |
| Property Advertising Costs | $15,000 | $15,900 |
| Pre-Sale Property Repairs | $25,000 | $26,500 |
| Deposit for New Property | $80,000 | $84,800 |
| Bid at Auction for Property | $150,000 | $159,000 |
| Purchase Property | $500,000+ | VIP Rates* |
* Contact us, complete the short enquiry form to get started, or give us a call to learn more about our VIP Rates for larger loans.
1 Advances are subject to assessment and approval criteria. Advances can range from $5,000 up to $5,000,000 or the available equity in your property(80% property value) minus fees.
2 Interest on overdue amounts will be charged at a rate of 1.5% of the outstanding amount payable on the 61st day and then every 30 days after the due date.
A bridging loan is a short term financing solution, which will allow you to purchase your new property before you sell your current property.
Bridging loan terms vary and are usually set up between six months and three years, depending on the lender and your needs. They usually take two or three weeks from application to approval, so are not always the best solution, if you need access to finance quickly or only need funding for a short period of time.
The amount you could borrow will depend on both your needs and the equity value of your property.
Our settlement advances can be funded up to 80% of the property value1 with a maximum limit of $5,000,000.
For larger advance amounts, over $500,000, we offer VIP rates*.
The documents we require, will depend on your current property status and individual circumstances.
Be providing the documents we need as soon as possible, we will be able to evaluate your application quicker. All documents should be emailed through to us at docs@settlementadvances.com.au while quoting your name and property address.
Buying a new home before selling an existing home is quite common and is usually facilitated through a bridging loan or settlement advance.
If your property is already under offer, then a pre-settlement advance loan may be a suitable option to consider, as they can be funded quickly, usually between 24 and 48 hours, plus the loan term is short and can be aligned with the property settlement date.
If you have not started selling your property yet, but have already found a property you'd like to purchase, then a bridging loan may be a good option to consider. However approval turnaround times may be too slow in some cases.
It is possible to buy a new property and sell your current property at the same time through a settlement advance loan.
The way settlement advances work, is that, the loan is secured against the property value1 and the agreement is set up, that the advance will be repaid in full, on the property settlement date. The property which is being sold, must be under an unconditional offer, in order to take out a settlement advance with us. The settlement date should be within 61 days from the advance start date.
The settlement advance can be paid quickly, usually within 24 to 48 hours of application, allowing the vendor time to purchase a new property or put down a deposit on a new property.
Your settlement advance repayment date would be aligned with the settlement date of the property you are currently selling.
Settlement advances work in a similar way to bridging loans, but are different in a few aspects:
Learn more about Pre-Settlement Advances.
* Contact us, complete the short enquiry form to get started, or give us a call to learn more about our VIP Rates for larger loans.
1 Advances are subject to assessment and approval criteria. Advances can range from $5,000 up to $5,000,000 or the available equity in your property(80% property value) minus fees.
2 Interest on overdue amounts will be charged at a rate of 1.5% of the outstanding amount payable on the 61st day and then every 30 days after the due date.
Fast Caveat Loans - Caveat loans are a type of property equity loan, which are secured against the value of the property title by caveat.
Short Term Property Loans - Settlement advances offer the release of available equity in your property - fast, for a shorter property loan term than available via bridging loans.
Alternatives to Bridging Loans - Settlement advances are a great alternative to bridging loans, to consider, when you need quick access to your property sale funds.
Property Funding Options - Check out our infographic, covering a range of funding options available to first time buyers and homeowners.
