You can typically borrow up to 80% of your new property's purchase price with Tradition Credit, with the exact amount depending on your financial situation and credit assessment.
Bridging Loan Bedok, Singapore
Discover how Tradition Credit can bridge your financial gap with ease!
Why Choose Tradition Credit for Bridging Loans in Bedok?
Fast Approval and Disbursement
Our streamlined application process ensures quick approval and disbursement, so you don't miss out on securing your new home.
Competitive Interest Rates
We offer some of the most competitive rates in the market, ensuring your bridging loan is affordable and tailored to your financial situation.
Flexible Repayments Plans
We offer flexible repayment options that align with your property sale and purchase timeline.
Transparent Fees and Charges
We believe in transparency. All fees and charges associated with your bridging loan are clearly outlined upfront, with no hidden costs.
What steps should you take if you’re in the process of upgrading your property and have already finalized the sale of your old home?
You’ve signed a purchase agreement for your new one, but you find yourself lacking the immediate funds required for the deposit on your new home. In such a scenario, you may consider applying for a bridging loan from a bank or money lender.
At Tradition Credit, the best company for bridging loans in Singapore, we understand that bridging the gap between selling your old property and purchasing your new dream home can be challenging.
Our Bridging Loan is designed to ease this transition, offering you the financial flexibility you need when you need it most.
What is a Bridging Loan?
A bridging loan serves as a short-term solution to finance your new property while you await the sale of your old one. This type of loan assists in covering a portion of the down payment and closing costs before you receive any funds from selling your previous property.
Many banks offer bridging loans to help bridge the time gap between when your down payment is due and when you obtain the sale proceeds. These loans typically last for less than a year and aid homeowners in managing their monthly payments, ensuring they can move into their new home without unnecessary delay.
Tradition Credit, a leading money lender in Singapore, specializes in providing bridging loans that cater to this exact need. We make sure to offer you a smooth transition to your new home without financial strain.
How it Works?
A bridging loan from Tradition Credit offers the temporary financial support you need to buy your new property before you complete the sale of your existing one. This short-term loan bridges the financial gap, ensuring a smooth transition between properties.
Key Features
- Loan Tenure: We tailor it to fit the gap between your purchase and sale transaction.
- Loan Amount: You can borrow up to 80% of your new property’s purchase price.
- Interest Rates: We offer competitive rates to meet your financial needs.
Eligibility and Requirements
To qualify for a Bridging Loan with Tradition Credit, you must:
- Be a Singapore Citizen or Permanent Resident.
- Have a property sale and purchase agreement.
- Pass our credit assessment.
You will need to provide:
- Your NRIC or Passport.
- Proof of income.
- The Option to Purchase (OTP) agreement for the new property.
- The sale agreement for your existing property.
How to Apply
Applying for a Bridging Loan is easy:
- Contact Us: Get in touch with our friendly team by phone or email, or visit us for a personal consultation.
- Submit Your Application: Provide all the required documents and complete your loan application.
- Approval and Disbursement: Once we approve your application, we’ll quickly disburse the funds to help you secure your new property.
Call us now at 6283 1323
Our bridging loan specialists will attend to you immediately
Monday - Friday: 11:30 - 20:00
Saturday: 11:30-19:00
Apply Online For Bridging Loan
Tradition Credit: Your Trusted Partner in Bridging Loans
At Tradition Credit, we are more than just a lender; we are your partner in making your property transition as smooth as possible. With our expertise, competitive rates, and personalised service, we support you at every step.
Ready to Bridge the Gap?
Don’t let financial constraints stop you from securing your dream home.
Contact Tradition Credit today to see how our Bridging Loan can help you bridge the gap between your current and future property. Our team is ready to provide you with a solution tailored to your unique needs.
FAQ – Interest rates and fees
- How much can I borrow with a bridging loan?
- How long does a bridging loan last?Bridging loans are short-term by nature, usually lasting less than a year. The tenure is tailored to fit the actual gap between when you need funds for your new property and when you receive proceeds from selling your existing one.
- Do I need to have already sold my old property to qualify?No - a bridging loan is specifically designed for the situation where you haven't sold your old property yet. You'll need a signed sale agreement for your existing property along with an Option to Purchase (OTP) for the new one.
- Can foreigners apply for a bridging loan in Singapore?Bridging loans from Tradition Credit are available to Singapore Citizens and Permanent Residents who have a signed property sale and purchase agreement.
- How quickly can a bridging loan be approved and disbursed?Approval and disbursement timelines depend on how quickly your documents are verified — applying online first, then submitting your documents in person, helps speed up the process.
- What documents do you need to apply for bridging loan?You'll need your NRIC or passport, proof of income, the Option to Purchase (OTP) agreement for your new property, and the sale agreement for your existing property.
Applying For Bridging Loan in Singapore
We get you the cash when you need it.
Simple, fast, and secure.
Borrowing with us is done in 3 easy steps.
Step 1
Apply Online
Complete our simple online application form, it only takes a few minutes. We will contact you & discuss your application & options.
Step 1
Apply Online
Complete our simple online application form, it only takes a few minutes. We will contact you & discuss your application & options.
Step 2
Submit and Verify
Bring along your supporting documentation, we will verify your eligibility and confirm facility amount.
Step 2
Submit and Verify
Bring along your supporting documentation, we will verify your eligibility and confirm facility amount.
Step 3
Get Funds
Sign your documentation and you will get the funds on the same day. Many of our loans are funded within the same day of applying.
Step 3
Get Funds
Complete our simple online application form, it only takes a few minutes. We will contact you & discuss your application & options.
All The Great Loans in One Place. Tradition Credit.
Simple, Fast and Secure
Getting a fast cash loan in Singapore can actually be easier than it seems. Here at Tradition Credit, we offer a hassle-free yet reliable fast personal loan application process online. Getting a fast cash loan in Singapore has never been easier. We have proven to have a strong and consistent track record in offering emergency fast credit cash loans to many Singaporeans in their time of need.
With many years of experience in handling individuals with imperfect credit scores, we have still managed to offer fast personal loan packages to many within a short period of time legally. If you are looking to get a quick cash loan or personal loan in Singapore for your own financial needs, you should first engage our consultants, and we will be more than happy to offer you a free consultation over the phone or even at our office.