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Bridging Loan Singapore

 

How Bridging loan in Singapore works

Bridging loan is usually meant for people who needs financing for their new house and still waiting for the transaction of the existing house. You don’t have to worry if you haven’t clear the payments of your present house yet. Licensed moneylenders will help you out by providing the money till the clearance of payment for the existing house.

There are institutions that would charge high rate of interest for bridging loan. So, do compare to look out for the best deals out there. We have listed few licensed moneylenders that are providing the lowest and best interest rate for bridging loan in Singapore.

Benefits of Bridging loan in Singapore

Bridging loans are basically used for purchasing or developing a property. However, a change in scenario has occurred as people have to cover a long procedure to apply for loans in banks and wait longer for its approval. But licensed moneylenders are providing a completely simple and quick procedure. And this is one of the reasons that you should approach a licensed moneylender when applying for a bridging loan. They will provide you a quick access to money for down payment of your property. And ultimately you will find yourself to be with more cash at the end.

The best thing is that you might have poor credit history or already have a car loan for which bank might consider you not to be eligible for bridging loan. But you don’t have to think about it while applying bridging loans from a licensed moneylender. Whether you still not have cleared the payments of the existing house or have a car loan, it won’t matter to them. Moneylenders will only verify whether you are eligible for repaying the amount you applied as loan. You only have to follow a simple procedure for the application and your loan will be approved within a few hours. Professional staffs will be there to look after all the legal procedures in a perfect way and assure that they will answer all queries of yours regarding bridging loan.

Loan Singapore Top Licensed Money Lenders of 2018


A1 Credit Logo

Loan Singapore Rating
five star rating
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License Number 117/2018

Business Since2009

Google Rating
five star rating81 Google Reviews

Advance Planners Credit Logo

Loan Singapore Rating
five star rating
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License Number 68/2018

Business Since2010

Google Rating
five star rating57 Google Reviews

Bugis Credit Logo

Loan Singapore Rating
five star rating
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License Number 37/2018

Business Since2007

Google Rating
five star rating55 Google Reviews

GM Creditz Logo

Loan Singapore Rating
five star rating
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License Number 88/2018

Business Since2010

Google Rating
five star rating102 Google Reviews

365 Credit Solutions Logo

Loan Singapore Rating
five star rating
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License Number 12/2019

Business Since2010

Google Rating
five star rating45 Google Reviews