Bridging Loan

A bridging loan, also known as bridging financing, allows you to purchase a new property while you wait for the sales proceeds from your existing property.

For example, a bridging loan can provide you with cash to make your downpayment for a new property. Once you’ve received the sales proceeds from your existing property, the bridging loan will need to be repaid fully.

Our fuss-free bridging loan process lets you receive the funds you need easily, so you can comfortably transition between properties.

Simply get started by applying online, via WhatsApp or at our office. After applying, we’ll invite you for a free consultation session at your convenience. During this session, we’ll review the required documents as well as go through the terms of your loan and repayment plan.

Here at Quick Loan, we look forward to serving all Singaporeans, PRs and foreigners who meet our minimum criteria.

A bridging loan can help you finance the purchase of a new property while you wait for the sale of your current property to be completed.

The funds can be used to make a downpayment on a new home, or tide you through other expenses relating to the transition between both properties.

In a nutshell, a bridging loan helps reduce your financial burden when you’re buying and selling property at the same time.

We welcome you to secure your bridging loan from Quick Loan today by applying online or via WhatsApp. Our friendly and professional loan officers will be in touch with you as soon as possible!

If you’re also looking to fund renovation work on your new property, you might like to learn more about our home renovation loan.

If you’re planning to take a bridging loan, one of the first things to consider is the interest rate. At Quick Loan, we keep our bridging loan interest rates low to provide better affordability for property buyers.

Loan tenure is another area to keep in mind. Bridging loans are short term loans, and the loan tenure will likely depend on when you can receive the sales proceeds from your existing property. We’re happy to propose an appropriate loan tenure for you based on your unique timeline.

Additionally, consider the overall affordability of the loan. We recommend that you take stock of your cash flow, including current debts and upcoming financial commitments. These numbers will provide you with a clearer idea of your capacity to repay the bridging loan.

Here at Quick Loan, we offer flexible payment plans tailored to your financial circumstances, providing better ease of repayment for more peace of mind.

If a bridging loan isn’t the right fit for you, feel free to read about our personal loan or fast cash loan services for the financial assistance you need.

Yes, foreigners are eligible for our bridging loans as long as you meet our minimum criteria. Foreign applicants need to be 18 or older with a regular monthly income of at least $1,800. The property in question must also be privately owned—HDB properties do not qualify for Quick Loan’s bridging loan.

If you meet these requirements, we welcome you to start your application online, via WhatsApp or at our office. Following this, we’ll invite you for a free consultation where we’ll review all your required documents, including your S Pass or Employment Pass and recent payslips.

With Quick Loan, getting a bridging loan is hassle-free, and we stand ready to support your property purchasing journey in Singapore!

No, there is no need for a collateral or a guarantor for a bridging loan with Quick Loan. We aim to make the application process as quick and fuss-free as possible, to ensure that our potential applicants are able to receive their much needed funds immediately.

If you miss a payment on your bridging loan with Quick Loan, please do not hesitate to contact us as soon as you are able. As late payments may incur additional charges, as well as detrimentally affecting your credit score for future loans, we would like to avoid such unwanted scenarios and hope to explore viable repayment solutions that may work for your current situation.

Yes, you can make prepayments on your bridging loan without any form of penalties. Please feel free to reach out to our team once you are ready to do so, and we will assist in making the necessary arrangements.