Bridging Loans
What are Bridging Loans?
This type of loan can be especially useful in scenarios where time is a critical factor and waiting for a traditional loan approval is not a viable option.
Advantages of Bridging Loans
Quick access to funds: Ideal for situations that require an immediate financial response.
Temporary solutions: Perfect for transitions while waiting for long-term financing.
Diversity of uses: from the purchase of property to the financing of commercial projects.
Everything you need to know
- Fast approval: Get funding in a matter of days, not weeks.
- Flexibility: Customisable to your specific needs..
- Short terms: Usually between 1 and 12 months, depending on your situation
- Collateral: May be backed by assets such as real estate
- Property: obtaining a traditional loan or any other expected source of income.
FAQ’s
The approval process can be completed within a few days, allowing quick access to the necessary funds.
Generally, you will need to provide details of your financial needs and the assets you can offer as collateral.
You can use it for a variety of needs, such as buying property, financing renovations, or business investments.
It is crucial to have a clear exit plan. If you are unable to pay on time, additional interest may be charged or the collateral provided may be forfeited.
