Quick Bridging Finance and Loans
A bridging loan is a short-term loan with a tenor ranging from a fortnight to a few years.
It provides interim financing for an individual or business till a longer-term financing can be secured.
It is often used for residential and commercial real estate purchases to help close a property deal.
Bridging loans are typically more expensive than conventional financing to compensate for the additional risk of the loan. On the other hand, they are arranged quickly with relatively little documentation.
Let’s assume you need help on the initial cash down payment on your property purchase. We can extend a bridging loan to you while you are in the process of selling your HDB flat or private property.
The maximum tenor of the loan is 6 months, you can choose to service the interest only. You repay the principal amount once you have received the cash proceeds from the sale of your existing property.
