Non-bank lender Bridgit has partnered with Loan Market to become the aggregator’s first tech-driven bridging loan solution on its lender panel, bringing the panel to a total of 65 lenders.
Established in mid-2021, Bridgit offers a simple online loan application, 24-hour approval, and three-month interest-free period. To date, the non-bank has processed more than $1 billion in loan applications and financed over $250 million in Australian residential property.
“By partnering with one of the biggest aggregators in the space, who are aligned in our mission to use innovative technology to drive better solutions, we aim to help more Australians access better property finance,” said Aaron Bassin, Bridgit CEO and co-founder. “Our focus is always on putting the customer first and Loan Market shares the same value. We look forward to not only working with Loan Market, but also their high-quality network of brokers.”
“Our brokers recognise the quality of our lender panel which delivers both more choice and targeted solutions for their customers’ individual needs,” said Andrea McNaughton, Loan Market managing director. “Bridgit adds to our extensive offering as demand for quick and convenient bridging finance solutions grows in the marketplace.”
“We’re excited to grow our broker offering and network and provide more homeowners with a fast solution so they can secure their next home before selling their existing property,” said Stephen Doyle, Bridgit head of distribution. “We recognise the significant role brokers play in guiding and supporting homeowners through the lending process. Too often, Australians pay the price and miss out on their next property due to traditionally slow and manual finance processes.”
Loan Market was recently recognised as Major Aggregator of the Year at the 2022 Australian Broking Awards.
