What is a Bridging Loan?
Do you have money due to you in a few months time? Sometimes, you cannot afford to wait for the money and need it now. That’s where a bridging loan comes in… a bridging loan provides you an advance of the money due to you. It is a short-term bridging loan offered by bridging finance lenders, meaning you will need to pay it back to the lender like a normal loan.
TYPES OF BRIDGING LOANS
Here are some of the Bridging Loans you can apply for through our loan partners and our parent company, New Heights Finance.
PERSONAL LOAN
Personal Loans for loans up to R150 000 for self employed persons with clear credit records.
BOND ADVANCE BRIDGING
Pre-approved bond/second bond/access bond/flexi-reserve/switch bond – access your cash before the bond is registered.
SOLD PROPERTY BRIDGING
Sold your property for a profit? Apply for a profit bridging loan advance of up to 80% of equity BEFORE transfer completes.
TRANSFER DUTY BRIDGING
Do you require cash to pay the transfer duty? Has the bank given you a bond greater than the purchase price? Access your bond finance before transfer.
RATES BRIDGING
Sold your property and now you require funds to pay for compliance certificates or outstanding rates? Access the sales profits, to help settle these debts (or other debts), before transfer completes.
ESTATE AGENT COMM. BRIDGING
Bridge the estate agents commission earned on completed property sale. A very quick & easy process, and it’s also low cost.
PROPERTY BRIDGING FINANCE
Learn more about other types of property finance offered.
FINANCING SOLUTIONS
Commercial property loans, industrial property loans, expansion loans, bridging finance, bridging loans.
INVOICE DISCOUNTING
Sold goods or services and you are due payment but you need the money now? Get up to 80% of the invoice value paid in advance on single invoices or your full debtors book.
BUSINESS BRIDGING FINANCE
Financial instruments to help you manage your cash flow.
Apply For A Loan Here
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