Bridging loans are loans in Singapore with a short repayment duration that assists you to bridge the gap between disposing off an asset (like a house or property or goods) and acquiring another asset.
You might be expecting to conclude a sale of an asset and use the proceeds to buy another asset. However, your funds might not be ready or available when the date to buy the asset comes up. In such a scenario, you need money to buy the asset rightaway while waiting for your own source of funds to make the money available to you. This is where a monthly instalment loan from our moneylending office in Singapore can help.
In such situations, Aero Credit provides a bridging loan to help you cover that waiting period or cash-interval. As a licensed moneylender in Singapore, we aim to help lighten the load. This type of property bridging loan is also useful in small business environments in Singapore to bridge the settlement period between accounts that are payable and accounts that are receivable.
To obtain bridging loans at our company in Singapore, we will usually require you to persuade us that you have funds incoming or on temporary hold as we can then be assured that you will be able to repay on time and in full. We might also ask you to show us how you plan to manage the repayments if the expected source of funds does not turn out to be as reliable as you thought.
Should you have any questions about acquiring a property bridging loan, please do not hesitate to reach out to our team in Singapore!
You may contact us via the following methods:
Very often, it is only when you reach the bank or meet a lender that you are told your credit rating is not good enough for a loan. That can be immensely frustrating when your need for additional cash or extra funds is urgent. Use our Online Enquiry service to find out if you are eligible for a loan — it is easy, and it is fast.