Best Bridging Loan in Singapore to Help You With Your Next Property Purchase

With so many credit card options in Singapore, it can be overwhelming to find the right one to suit your spending habits and maximize your rewards. By carefully comparing key factors like cashback rates, rewards programs, annual fees, and special perks, you can identify the best credit cards to fit your lifestyle and get the most value out of every dollar you spend.

Quick and Easy Application! Apply Today and Get Instant Bridging Loan Offers

The Easiest Way to Get Instant Bridging Loan Offers

EasyFind Smart Loan Matching for Money Lender Singapore

Apply for Bridging Loan

Let our loan matching system find the best loan offer for you in less than a minute. Get started by completing the form below.

Thank you for your interest! As much as we want to extend our help, the loan offers are NOT available for foreigners in Singapore for the time being.

Please come back and check it out again in the future.

Terms and Conditions

Only 21 years old and above is eligible for loan application.

To preserve the confidentiality of all information you provide to us we maintain the following Privacy Principles.

By clicking "Submit" and providing your personal data, you consent to our loan providers contacting you via the telephone and email and permitting to do a search on the Credit Association Singapore (CAS) web portal for the loan application purpose.

We only collect personal information that we believe to be relevant and required to understand your financial needs.

We will only use any information collected as minimally as possible, mainly to assist us in customising and delivering loan packages that are of interest to our customers.

We will not make unsolicited requests for customer information through email or the telephone, unless customers initiate contact with us.

We have established strict confidentiality standards for safeguarding information on our customers.

Our loan providers will not use or disclose information collected from you other than for the purpose made known to you, authorised by you or required by the Law.

Best Bridging Loans Singapore for HDB Residential and Private Property Owners: Smart Guide 2024

Bridging Loan SingaporeAre you in the midst of selling your home or property and want to buy a new one but you lack some fund? You may consider applying for a bridging loan? With this financial product, you can get the funds that you need to purchase for a new or existing property.

What is a Bridging Loan?

This loan is commonly taken by owners are selling their old flats, or those upgrading or downgrading their existing flats. Individuals sign up for this loan offer to be used as down payments or to pay for related expenses to the property transactions. Therefore, a bridging loan can “bridge” the gap between securing a new flat or upgrading it.

This secured short-term loan is offered by banks and moneylenders. As mentioned earlier you may apply for it while you are selling your old property. An individual may purchase private property and HDB flats with a bridging loan. But remember that it is only a temporary financing solution, it is not a substitute for a home loan since it has shorter loan terms.

As you search along, you may find that there are numerous options in Singapore. If you are confused or overwhelmed, we are here to help. EasyFind created a smart guide to help you get the best loan and make a wiser decision.

How Bridging Loans Work?

In Singapore, when you are looking for condominiums or HDB flats, they are only up for sale for a short period of time. If you are short of funds, you might miss the chance of getting your ideal home. This is where this loan comes into play.

With a this loan, you can borrow up to 25% of the purchase price of your new flat. Its tenor can be up to 6 months. This loan can help you in paying for deposits and down payments to secure your new home.

How to Apply for a Bridging Loan in Singapore

Before applying for it, assess your capacity to pay the loan, especially since this is a short-term loan. Below are the key considerations when applying for a bridging loan in Singapore.

FAQs on Briding Loan in Singapore

It may cover 15 to 20 percent of the price of your new home. Its loan tenure is usually six months.

Interest rates of this loan is much higher compared to a standard home loan. Banks interest rates may be around 5-6% per annum while lenders interest rates may be up to 4%.

Before applying for a bridging loan, you need to weigh the advantages and disadvantages. However, keep in mind that this loan is very essential when you need to bridge the gap between buying a new property while you are still selling your old home.

If you have a bad credit score, applying to banks may be difficult and chances are you will easily get denied. Applicants with a bad credit standing may still have chances of getting a bridging loan from a licensed moneylender.

Apply for Loan Now!

Get Quick Cash Loans in Less than a Minute!

We make it fast to find the ideal loan offers for you. It's Fast, Free & Secure.
Apply for Loan Now!