Having to take out a loan is almost inevitable for all people at certain stages of their lives, especially in Singapore, where property and car prices alone can often leave one in a lifetime of debt. Whether you are getting married and buying your first home or purchasing a retirement property as you near the end of your career, not everybody is able to afford each of these exciting milestones in life based on his or her savings alone – and will thus require some form of external financial assistance to alleviate such budget pressures.
In the common case where certain large ticket purchases and investments require upfront payment, it is nearly impossible to obtain fresh funding or refinancing to make the purchase according to your planned timeline and based on your current savings alone. For instance, when the opportunity arises to purchase an affordable property at a period when real estate rates are low, you would not wish to sell your existing home as it would be ideal to do so only when property prices rise again.
Here is where CFI’s bridging loan comes in to help you buy time so that you can make your purchase at the lowest, best possible price and sell your existing home at a higher rate in the future so as to gain the most out of the transaction. In short, a bridging loan provides a quick and convenient solution to your financing needs as you wait for other conditions or arrangements to meet.
No matter if you are waiting for the right instance to make the most of your assets and investments or if you are a business owner looking to cover your expenses in the interim until you obtain new funding, Capital Funds Investments (CFI) aims to help you strike while the iron is hot by providing accessible fund to bridge the monetary gap. Our seasoned financial consultants are able to provide flexible, convenient bridging loan solutions at some of the lowest interest rates in Singapore and at a shorter turnaround period than most conventional banking facilities.
In order to qualify as an applicant for our bridging loan, you are required to:
You will also ask to submit the following:
Depending on your current financial situation and what you are applying to use the bridging loan for, we will assess the documents submitted before disbursing you the loan. Once it has been approved, our financial consultants will contact you to discuss and re-evaluate an alternative loan amount.
Time waits for no man, and neither does an opportunity that may require you to meet certain conditions, such as making a down payment. In order for you to gain the most out of your bridging loan with CFI, our in-house financial experts are keen to personally touch base with you to formulate an optimal bridging loan package at the lowest possible interest rates, as well as a repayment plan that remains in your best interest.
Besides offering flexible loan terms and negotiable interest rates, we pride ourselves in our ability to grant loan approvals within an hour or less upon application. You may also rest assured that you will be able to obtain a reliable bridging loan at reasonable rates from us, as we are an established legal moneylender that is not only licensed by Singapore’s Ministry of Law (MinLaw) but also has a long track record of satisfied and returning clients who, until today, continue to depend on and trust our financial products and facilities to assist them in their various business, personal and bridging loan needs.
Nobody likes to be left ‘stranded’ when the time comes to fulfil short-term obligations or feel like they are forced to miss out on a great opportunity just because their cash is tied up in current assets or investments. We are here to offer both a listening ear and a helping hand – enabling you to gain access to funding almost instantly during the times you need it most while still being able to enjoy peace of mind with flexibility in both the loan terms and repayment schedule.
Submit your loan application, or get in touch with us for a free consultation to find out how you can obtain a bridging loan to ease your financing woes and tap on favourable conditions today!
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Bridging loans are generally are taken out to cover a period between two large scale transactions to cover short-term liquidity needs, such as to settle a down payment or finance personal/commercial spending until more funding is obtained.
Bridging loans are commonly used in-between the buying and selling of property, to “bridge” the gap between the homebuyer’s new mortgage and the price of a new home, before selling his/her existing property.
In business terms, a bridging loan may be taken out to provide a company temporary working capital for operating payables, e.g. to cover the expense of staff salaries while the business is awaiting new funds from a recent sale to come through.
Like any other loan, a bridging facility comes with interest charges and the loan amount is determined by various conditions, such as the valuation of the property you are seeking to buy. However, this are meant to be a temporary stop-gap measure and therefore tend to be more short-term than a typical home mortgage, which can span anywhere from 10-30 years.
You may also repay the bridging loan together with the interest in full at the end of the agreed term, instead of through monthly instalments that are typical of repayment plans for regular loans.
While bridging facilities that are offered by most financial institutions are typically short-term ranging from a month and up to a year, we believe in employing flexibility as each person’s financial situation and bridging needs are different. During the process, our team of expert financial consultants will help you assess your loan application details to create a custom bridging loan solution with repayment terms, loan tenor and interest rates – all of which are negotiable to your benefit.
Loan applications may be made with us instantly online and will be processed under an hour post your submission. Unlike most moneylending institutions in Singapore, we also do not charge early repayment fees should you decide to settle your repayment in full ahead of the stipulated timeline.
To be eligible, you must:
No, we will try to accommodate to your needs, no matter how what your monthly or annual income may be. However, do note that the total loan amount that we grant under this programme may vary depending on your salary range and other documents supplied to us.
To be apply, we will require:
As our financial consultants work out a bridging loan and repayment plan for you during the application process, you may offer collateral, such as assets, should you wish to apply for a secured bridging loan. However, this is not mandatory, and we do offer unsecured bridging loan options as well.
Once your application has been submitted with all the required documents, it will take up to an hour for your loan application to be reviewed and approved. Upon approval we will issue you a cheque, cash, or bank transfer, depending on your preference.
No, so long as you provide and meet our abovementioned requirements. After receiving and reviewing your documents, we will determine if your preferred loan amount will be granted, or otherwise, suggest an alternative amount for your consideration.
The maximum tenor for our bridging loan is three years. You may indicate your preferred tenor, although it is subject to our review and approval while we process your loan request.
Yes. We will not charge an early repayment fee, and any outstanding interest owed to us will be waived should you settle the owed amount earlier than agreed.
You may consolidate your bridging loan with CFI, along with other loans you have taken out with other financial institutions and are currently repaying, into our debt consolidation loan programme. To find out more, click here
Yes, but you may only do so at least one month after your bridging loan has been approved.