SHORT-TERM FUNDING

Bridge Loans

Compare short-term bridge financing options designed to cover timing gaps between transactions.

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Home purchase gap Closing-date gap Waiting for sale proceeds Temporary funding

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Compare bridge loans for timing gaps and short-term cost

A bridge loan can help cover a temporary funding gap, but it is usually short-term borrowing. Compare rates, fees, repayment timing, collateral requirements, and how quickly the loan must be paid back.

Use the filters below to narrow bridge loan matches by amount, credit profile, income range, lender, and must-have features.

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Bridge Loan Matches

Compare short-term bridge financing options for timing gaps between transactions.

Apply in as little as 60 seconds. Funds as early as the same day
featured
Loan Marketplace
Est. APR
8.99% - 35.00%
Amount
$500 - $60k
Terms
3 - 120 Mo
Credit Fit
All Credit Types
Online Application
Flexible Repayment Options
Bad Credit Considered
Instant Loan Matching
No Impact on Your Credit to See Offers
Funds As Soon As the Same Day
Funding Time: As soon as the same day
Search a Network of Canadian Lenders in Seconds to Find Your Best Loan Rates
Completing the application will not affect the consumer's credit score. Options available to every applicant - alternative lenders, debt management, credit counselling services, and more
Apply in as little as 60 seconds. Funds as early as the same day
No impact to your credit score
Search a Network of Canadian Lenders in Seconds to Find Your Best Loan Rates
Rates, Fees & Terms
Rate Type Fixed
APR Range 8.99% - 35.00%
Loan Amounts $500 - $60,000
Available Terms 3 to 120 months
Application Fee No application fee
Origination Fee Varies
Admin/Flat Fee Varies
Funding Time As soon as the same day
Eligibility Requirements
Minimum Income No strict minimum
Credit Score Required No Minimum
Minimum Age 18 years old
Residency Status Canadian Citizens or Permanent Residents
Applicants earning less than $1,000 per month may be unlikely to receive loan offers, although alternative offers may still be available.
Included Features
Online Application Flexible Repayment Options Bad Credit Considered Instant Loan Matching No Impact on Your Credit to See Offers Funds As Soon As the Same Day
Highlights & Pros
  • One streamlined application: LoanConnect helps borrowers explore personalized options from a network of Canadian lenders without completing separate applications for each lender.
  • Options across different credit profiles: The marketplace works with borrowers across a broad range of credit situations, making it a practical starting point for Canadians who may not know which lender fits their circumstances.
  • No impact on credit to check options: Borrowers can submit the initial LoanConnect application and explore potential offers without affecting their credit score.
  • Broad loan amounts and terms: Available personal loans range from $500 to $60,000, with repayment terms from 3 to 120 months, providing flexibility for different borrowing needs.
  • Fast matching experience: Potential offers may be presented in as little as 60 seconds, and approved funding may be available as soon as the same day.
  • Free marketplace service: LoanConnect does not charge applicants an application fee, making it convenient to explore availab
Things to Consider
  • LoanConnect is a marketplace, not the lender: Final approval, loan agreements, fees and funding are handled by the participating lender selected by the applicant.
  • The lowest rate is not available to everyone: Personal-loan APRs currently range from 8.99% to 35%. The rate offered depends on factors such as the applicant’s credit profile, financial circumstances and province.
  • Lender fees may vary: Some participating lenders may charge origination, administration or other applicable fees. Applicants should carefully review the complete loan agreement before accepting an offer.
  • Offers and funding are not guaranteed: Matching can be fast, but approval, the number of available offers and funding time depend on lender criteria and applicant eligibility.
  • Additional lender assessment may be required: Although checking options through LoanConnect does not affect the applicant’s credit score, a selected lender may conduct its own credit and identity assessment before providing final approval.

Legal Disclaimer: Loan details and eligibility: Loan amounts range from $500 to $60,000, with available terms from 3 to 120 months and annual percentage rates (APRs) ranging from 8.99% to 35%. LoanConnect is free to use and does not charge an application fee. Origination fees, if applicable, vary by lender, and applicants should carefully review all loan agreements before accepting an offer. Approved funds may be available as soon as the same day; however, funding times are not guaranteed and may vary by lender and applicant circumstances. Applicants must be Canadian citizens or permanent residents. Applicants earning less than $1,000 per month may be unlikely to receive a loan offer, although alternative offers may still be available. Approval, rates, terms, fees, and funding depend on the participating lender and the applicant’s eligibility.

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Calculate Your Bridge Costs

Bridge loans are calculated daily. Enter the gap between the closing date of your new home and the sale date of your current home to see exactly what this convenience will cost.

  • Calculate interest by the exact number of days
  • Factor in standard lender setup fees
  • See the total amount due when your house sells
1. Bridge Details
$
Days
How many days between your two closing dates?
%
$
Total Cost of Bridging
$0
Interest + Fees to bridge 45 days
Bridge Loan Amount
$0
Setup Fee
$0
Accumulated Interest
+$0
Total Payout Required
$0
Secure Your Dream Home

Don't let mismatched closing dates ruin your purchase. Compare bridge financing options and get approved today.

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Bridge Loan Guide

Bridge loans in Canada, explained simply

A bridge loan is short-term financing that helps cover the gap when you are buying a new home before the sale proceeds from your current home are available. It is commonly used when the closing date on your purchase happens before the closing date on the home you are selling.

In practical terms, bridge financing can help with the down payment, closing timing, or other immediate cash-flow needs tied to the move. The main goal is not long-term borrowing. It is temporary breathing room between two real-estate transactions.

What this page helps you understand

  • When bridge financing can make sense
  • How the timing gap usually works
  • What lenders may want to see before approval
  • Which costs and risks matter most before signing
How It Works

How bridge financing usually works between two closing dates

The most common bridge-loan scenario is simple: your new home closes first, but your current home closes later. The bridge loan helps cover the temporary gap until the sale of your current home is completed and the proceeds become available.

You buy the next home

You sign the purchase for the new property and have a closing date approaching before the money from your existing home sale is in hand.

The lender covers the timing gap

The bridge loan temporarily advances funds tied to the equity or expected proceeds from your existing home sale.

The loan is repaid from sale proceeds

Once your existing home sale closes, the proceeds are typically used to repay the bridge financing and any related interest or fees.

Helpful rule of thumb: bridge financing is usually about closing-date coordination, not long-term borrowing flexibility.
Eligibility & Documents

What lenders often look for before approving bridge financing

Bridge financing is usually tied to a real estate transaction that is already moving forward. That means lenders often want more than a simple loan application. They may want to see signed transaction documents and evidence that the sale and purchase timelines are real.

Common lender expectations

  • A firm or signed agreement on the home you are selling
  • A signed purchase agreement for the home you are buying
  • Approval or financing in place for the new property
  • Enough equity or proceeds to support the temporary advance

Useful paperwork to have ready

  • Sale agreement for the current home
  • Purchase agreement for the new home
  • Mortgage details for the current property
  • ID, income, and any lender-specific supporting documents
In most cases, bridge financing is easier to assess when both the sale side and the purchase side are already clearly documented.
Costs & Risks

What to watch before you commit to a bridge loan

Bridge financing can solve a timing problem, but it can also add cost and pressure if the moving parts do not go as planned. This is why understanding the downside matters just as much as getting approved.

Cost-related watch-outs

  • Interest can be higher than standard mortgage pricing
  • There may be setup, legal, appraisal, or admin costs depending on the lender and transaction
  • If timelines change, the temporary cost can grow faster than expected

Timing and stress risks

  • Your sale could be delayed or fall through
  • You may end up carrying two properties for longer than planned
  • Mortgage-breaking, refinancing, or changing financing can create additional costs
Practical mindset: bridge financing can be very useful, but it works best when your sale and purchase timelines are already quite firm.
Alternatives

Alternatives worth comparing before you use bridge financing

Bridge loans are not the only way to solve a buy-sell timing problem. Depending on your equity, mortgage terms, and flexibility, another structure may fit better.

Sell first, buy second

This can reduce financing risk, though it may create moving or timing pressure if you have not yet secured the next home.

Refinance or use home equity

In some cases, refinancing or another home-equity option may provide access to funds, depending on your mortgage terms and available equity.

Negotiate better closing alignment

Sometimes the cleanest solution is simply negotiating closing dates, possession timing, or other deal terms to reduce the gap.

Smart comparison: look at the total cost, your timing certainty, and how much flexibility you really need rather than assuming bridge financing is automatically the best answer.
Popular Questions

Bridge loan FAQs

Clear answers to common questions people ask when buying a new home before the old one has fully closed.

A bridge loan is short-term financing used to cover the gap between buying a new home and receiving the sale proceeds from your current home.

They are usually short-term and often tied to the gap between two closing dates. The exact length varies by lender and transaction structure.

Often, yes. Many lenders want to see signed sale and purchase documents before considering bridge financing.

In many cases, yes. Bridge financing is often used to temporarily access funds tied to the equity or expected proceeds from the home being sold.

One of the biggest risks is timing. If the sale of your existing home is delayed or falls through, you may face added cost and more pressure carrying the transition.

Usually, yes. Depending on your mortgage terms, available equity, and timing flexibility, another structure may be more suitable than bridge financing alone.

Need to close the gap on your new home?

Compare short-term bridge financing options so you can plan your next move with clearer timing and cost expectations.

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