Estimate your bridging loan costs instantly. Adjust the sliders to see how different loan amounts, terms, and rates affect your total repayment.
This is an estimate only. Get an accurate quote tailored to your specific situation.
Disclaimer: This calculator provides estimates only and should not be considered financial advice. Actual rates, fees, and terms may vary based on your individual circumstances, credit history, and the security property. Contact us for an accurate assessment.
See how different loan terms affect your total costs based on your selected loan amount of $500,000.
| Loan Term | Monthly Interest | Total Interest | Est. Fee (2%) | Total Cost | Total Repayment |
|---|---|---|---|---|---|
|
3 months
|
$6,000 | $18,000 | $10,000 | $28,000 | $528,000 |
|
6 monthsSelected
|
$6,000 | $36,000 | $10,000 | $46,000 | $546,000 |
|
9 months
|
$6,000 | $54,000 | $10,000 | $64,000 | $564,000 |
|
12 months
|
$6,000 | $72,000 | $10,000 | $82,000 | $582,000 |
|
18 months
|
$6,000 | $108,000 | $10,000 | $118,000 | $618,000 |
|
24 months
|
$6,000 | $144,000 | $10,000 | $154,000 | $654,000 |
A 3-month term saves you approximately:
$54,000
compared to 12 months
Your monthly rate of 1.2% equals:
14.4% p.a.
simple interest per annum
Your loan costs approximately:
$200
per day in interest
Bridging loan interest is typically charged monthly, ranging from 0.8% to 1.5% per month. Interest is usually capitalised (added to the loan) and paid at settlement.
A one-time fee charged when setting up your loan, typically 1-3% of the loan amount. This covers valuation, legal, and administration costs.
Bridging loans are short-term, typically 1-12 months. The shorter the term, the less interest you'll pay overall.
Some lenders charge exit fees when you repay the loan. We work with lenders who offer flexible terms with no early repayment penalties.
Get a free, no-obligation quote in minutes. Our team is ready to help you secure the bridging finance you need.