Bridging Loans

A bridging loan is an advance of a cash amount in the form of a loan, to help you when you are short of finances, mainly for the purchase of property or for the renovation of property that is already owned. The most common instance of when a bridging loan is applied for is when you would like to buy new property, without having made the sale of your previous property.  Bridging loans are short term loan and when making the decision to make a request for such loans, ensure that you will be able to clear your repayments within the six months from the date that the loan is advanced to you. These loans put the lender at high risk and therefore carry heavy interest rates.

Bridging loans have been made available to people who have bad credit history and require minimal documentation for processing. It is extremely difficult for people with bad credit scores to avail of any form of cash advancement, but through us, you can make a request for a bridging loan. Because we have minimal formalities to be completed before the sanction of the loan, these advances are considered to be instant decision loans. Although bridging loans are considered to be expensive, we assure you that our interest rates are competitive and our loans are made affordable.
 
Unemployment can cause a lot of turbulence in one’s life. The thought of having to deal with mounting bills and the fact that there is no steady income could be the most trying moment that any individual or family is faced with. At times like this, our bridging loans for the unemployed can be really useful. A bridging loan for the unemployed is an advance made to a person who has no source of income, till the time that he begins working again. A standard prerequisite for this kind of a loan is a regular income. This means that a person without employment would not be able to avail of financial assistance through the bridging loan. We make this loan available to people who are unemployed and also to people who do not have credible financial history, through a series of minimal formalities.

Since these loans have minimal paper work involvement, they are made on the basis of quick decisions, saving precious time. Bridging Loans are available as secured loans and unsecured loans, with varying rates of interest.