Licensed Moneylender Cairnhill Road

Cairnhill Road is named after Charles Carnie, who was credited as the first European to establish a permanent residence in the Tanglin area around 1840. 

In the 19th century, Tanglin was renowned for its nutmeg plantations, reflecting the agricultural growth in Singapore at that time. As a plantation owner, Charles chose to build his bungalow on Carnie Hill, later known as Cairn Hill.

Today, Cairnhill Road makes up the wider Cairnhill area, which includes Cairnhill Circle and Cairnhill Rise. 

Cairnhill Road hosts several notable landmarks such as the Tan Chin Tuan Mansion. This home was built in the 1920s, blending Asian and European architectural design. The mansion was restored in 2007 and granted the Architectural Heritage Award in 2008. 

You can also visit Cairnhill Arts Centre, which was originally constructed as part of Anglo-Chinese School (ACS). The three-storey building boasts unique Chinese elements in its design including geometric motifs. 

At the junction of Cairnhill Road and Bideford Road, you’ll find Al-Falah Mosque, the first mosque in Singapore to be established in a high-rise building. Due to its unique location, Al-Falah lacks the iconic dome and minaret design of most other mosques.  

If you require reliable licensed moneylender services while you’re in Cairnhill Road, look no further than Quick Loan’s office on Anson Road. 

From Orchard, take the MRT from Newton station to City Hall station, then switch to the East-West Line.  Alight at Tanjong Pagar station, where Quick Loan’s office is just a short walk away. Our helpful and dedicated staff are on hand to help you find the best loan for your financial needs.

Your Guide to Bridging Loans in Singapore

A bridging loan allows you to buy a new residential or commercial property before your current property is sold. 

This loan “bridges” the gap between selling one property and acquiring another, making the transition between properties smoother. 

When Should You Consider a Bridging Loan?

Here are some situations where a bridging loan could be suitable for your needs:

• When you’re buying a new property with a time-sensitive payment window (e.g. property auctions).
• When you’re planning to upsize or downsize your property and need funds to facilitate your transition.
• When you need funds for urgent repairs or renovations on a property before it can be sold.
• When you wish to avoid being caught in a property chain—a situation where you’re unable to purchase a new property until your current one is sold.
• When you want to take advantage of a promising property investment.

Before applying for a bridging loan, consider all the risks and options carefully. Be sure to assess whether a bridging loan aligns with your needs and specific circumstances.

Factors to Consider When Taking a Bridging Loan

1. Interest Rate

Bridging loans in Singapore typically have a high interest rate, ranging from 5% to 6% per annum. At Quick Loan, we offer low interest rates to provide better affordability for property buyers.

2. Loan Tenure

Bridging loans have short tenures, meaning you’ll likely have around 6 months to pay off the loan. Shorter tenures also demand higher monthly repayments. Evaluate your situation to determine if this is a financial commitment you can take on.

3. Loan Affordability

Take stock of your current income and expenses to gain a clear idea of your financial standing. Next, consider how taking a bridging loan may impact your finances in the long term. Ensure that you’ll have enough funds to cover both loan repayments and other financial obligations during your loan tenure.

Secure your Bridging Loan With Quick Loan

Quick Loan’s hassle-free bridging loan lets you easily receive the funds you need so you can comfortably transition between properties.

We offer 100% confidentiality with no guarantor required. Moreover, our application process ensures you receive the cash you need with minimal waiting time. 

We also provide flexible repayment plans and affordable interest rates to accommodate your circumstances. 

Quick Loan’s Eligibility Criteria for Bridging Loans

In order to take a bridging loan from Quick Loan, you must be at least 18 years of age with a minimum monthly income of $1,800. 

Additionally, the property you intend to purchase with the bridging loan must be private.