Written on July 13, 2010 at 11:36 am by

What is short term loan? What is bridging loan?

Filed under Personal Loan, Singapore Home Loan one comment

What is short term loan? What is bridging loan? When do I need to get a bridging loan?

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  1. Belief says:
    July 13, 2010 at 12:31 pm

    Example: You’ve finally found a HDB flat in your preferred location, but you’re short of funds when the down payment comes around. However, you have sold your property, and the sales proceeds or CPF funds have not been released. So now you need a bridging loan (a short term loan).

    Short term loans are offered by different lenders. Short term loan is due within a set amount of time, depending on the lending institution.

    SingPost and other major banks in Singapore offers them.