365 Credit Solutions Pte Ltd is a licensed moneylender (License No. 17/2024) listed in the Registry of Moneylenders, under the Ministry of Law in Singapore.​

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Bridging Loan

Your dream home is just within reach, all you need to do is reach out.

365 credit bridging loan
couple happy with their bridging loan

The Fastest Way To Get A, Bridging Loan in Singapore

Looking for the fastest way to get a bridging loan to secure your dream property? 365 Credit Solutions has you covered. Whether you’re financing an auction purchase or need a property within a time limit, we offer flexible interest rates and regular repayment terms.

Take it from our real-life clients, Mr. and Mrs. Tan. They had lived in their HDB flat for over ten years when they came across their dream condominium. They wanted to purchase it immediately but faced a dilemma. Their current flat was still in the process of being sold, and they didn’t have enough funds for the down payment on the condo. That’s when they learned about bridging loans from 365 Credit Solutions.

With the bridging loan, they were able to secure the down payment for the condo without waiting for the sale proceeds from their HDB flat. Once their flat was sold a few months later, they used the proceeds to make monthly loan repayments on the bridging loan. Thanks to the bridging loan, Mr. and Mrs. Tan didn’t miss out on their dream home and smoothly transitioned from their old residence to the new one without financial stress.

Apply for a bridging loan today and make your property dreams a reality!

Benefits of Choosing 365 Credit Solutions

Safe & Secure

Your data, our responsibility. Your information is safe with us.

Zero Hidden Charges

What you see is what you get. Honesty in every transaction.

Flexible Repayments

Custom plan that suits your financial needs.

Want to Get a Bridging Loan With Us?
Follow These Simple Steps Below!

01
Apply Online

Apply Online

Fill out our quick application form.

02
Await A Call

Await A Call

Our loan officer will contact you for eligibility questions.

03
Receive Funds

Receive Funds

If eligible, you can collect your cash at our office after discussing terms and signing the contract.

personal loan eligibility

Eligibility

At Least 21 Years Old

Minimum Salary of SGD2,000

for Singaporean Locals & PRs

Exercised the Option to Purchase (OTP)

Requirements

bridging loan requirements

This Bridging Loan Is Only Available for Local and Permanent Residents of Singapore

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Frequently Asked Questions

A bridging loan in Singapore bridges the gap between buying a new home and selling an existing one. Useful for quick property purchases, it covers the interim until the sale completes and a new home loan is secured. 

You can apply with us by providing an Option to Purchase document, a legally binding contract safeguarding buyer and seller interests.

There are several good reasons to take on a bridging loan. Singapore homeowners who purchase their property from auctions or an en-bloc sale, which is a purchase of two or more properties at once to a single person. These are times when you would need to put out large amounts of money for the down payment of your new home, making it crucial for you to apply bridging loan to come up with the cash quickly or risk losing your new property within a short period of time.

There are several important things to consider before you take on a bridging loan with any lender, not just 365 Credit Solutions. First, you need to consider the purpose of the bridging loan you’re about to take on. Is the amount getting a bridging loan necessary to purchase the home you are looking at or do you have enough for a down payment right now?

Secondly, you need to consider the duration of the bridging loan you are taking on and will the sales proceeds from your next property purchase your old property arrive? You would need to be able to repay the bridging loan within a certain period of time and it is crucial for you to know the amount you will receive and when you will get the money from the old property.

Finally, you must always consider if the bridging loans you are taking on are within your capabilities for the repayment bridging loan. It is harder to repay a large amount of money over a small amount of money, even if it is within your repayment bridging loan interest capabilities. This would stop you from going into deep debt, should you be unable to repay the bridging loan you have taken out to purchase your new asset.

There are a number of factors that determine how much bridging loans you can borrow from us. For secured loans, a borrower can borrow any amount of money from us.

An unsecured bridging loan package taken out would be subject to a few restrictions. If your annual income is less than SGD20,000, you can only take bridging loans up to SGD3,000 with us. If your yearly salary is SGD20,000 and above, you would be able to loan up to 6 months worth of your monthly income.

A licensed moneylender in Singapore can only charge maximum interest rates of 4% per month for personal loans. This maximum rate applies regardless if the loans are secured or unsecured.

In addition, a lender can also only charge a maximum late interest rate of 4% per month for each month the bridging loan is repaid late. The bridging loan interest rates can only be charged based on the principal remaining after deducting the original payments made.

For example; Mrs. X has taken out loans of SGD20,000 and has repaid SGD4,000. Only the remaining SGD16,000 can be taken into account for the computation.

Also, the late interest can only be charged on an amount that is repaid late. The lender cannot charge on amounts that are outstanding but not yet due to be repaid. For example, Mr. Y takes a loan of SGD20,000 and fails to pay for the first installment of SGD2,000.

Singapore lenders can only charge the late interest on SGD2,000 but not on the remaining SGD18,000 as it is not due yet.

Second, only the following fees can be charged:

  • A fee not exceeding SGD60 for each month of late repayment;
  • A fee not exceeding 10% of the principal of the bridging loan when a loan is granted; and
  • legal costs ordered by the court for a successful claim by the moneylender for the recovery of the bridging loan

The total charges imposed by a Singapore moneylender on the bridging loan’s interest, late interest, upfront administrative and late fee cannot exceed an amount equivalent to the principal of the bridging loan.

We pride ourselves on giving you excellent service with quick and high approval rates. Once you’ve submitted all the necessary documents along with your bridging loan application to us, it would only take us half an hour to approve your application.

There are several reasons why you should take on a bridging loan from us.

We Are Rated Very Well on Google Reviews and Loan Advisor in Singapore

We are regularly given 5 stars on online reviews, most prominently on Google reviews and Loan Advisor making us one of the most trustworthy financial institutions out there. All of our reviews are from happy customers that have repeatedly returned to us over the decade we have been in business. Trust is our number one priority and we take it seriously.

Our Clients Come First; You Are Our Top Priority

As we’ve said, you are our priority. We’ve made a name for ourselves in the industry serving and helping individuals and companies out financially. We will always ensure that you are given the best advice and help, every step of the way.

Safe and Secured Business Transaction

Your information is secure with us. We do not share it with any third parties. All transactions done are treated with the utmost respect.

Convenient and Quick Cash for Your Bridging Loan

As part of our mission to keep you as our top priority, the speed of processing and application is a must. Once you have applied with us, it only takes us half an hour to approve your application, and less than an hour to disburse the full loan amount to you. Simple, convenient, easy.

Typically, a bridging loan has a tenure of 1 month or extending until the property’s completion date.

Yes, you can repay a bridging loan early without incurring an early repayment fee, and you may even receive discounts for doing so.

No, you usually don’t need collateral to secure a bridging loan. The primary requirement is typically exercising the Option to Purchase (OTP) for the property.

A bridging loan is designed to bridge the gap between the purchase of a new property and the sale of an existing one. It typically has a shorter tenure and no need for collateral.

In contrast, a regular home loan is a long-term financing option for buying or refinancing a home, with a more extended repayment period.

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