In some cases there an early redemption charge or penalty can be applied by bridging lenders, if there are then these will be detailed in any offer letter at the outset.

As with mortgage lenders, a bridging lender will offer loans with different terms and conditions. A small minority offer loans with a minimum term of one day. The majority will offer a bridging loan with a minimum term of either 3 or 6 months. When applying, this and the likely repayment date should be taken into account when accepting a bridging loan offer with a view to minimising costs.

Should early payment be made then interest costs will be scaled up to the minimum. Otherwise, as bridging finance interest is usually calculated on a daily basis (but not always), total interest will be charged at the minimum term plus however many days it actually takes the repay the bridging loan.

Where all interest has been deducted from a loan at completion time, the lender will refund interest on a "pro-rata" basis where applicable.