Bridging Loan in Singapore

A bridging loan is a short-term loan that helps cover a temporary cash flow gap while you wait for expected funds, such as salary, property proceeds, reimbursement or other incoming payments.

A bridging loan may be used for short-term financial needs, urgent expenses, pending payments or temporary cash flow gaps, subject to assessment and loan terms.

Eligibility depends on your income, employment status, residency, existing loans and repayment ability. Singaporeans, PRs and foreigners may apply, subject to assessment.

Yes, foreigners working or residing in Singapore may apply if they meet the requirements. A valid work pass, proof of income and residence details may be required.

You may still submit an application, but approval is not guaranteed. Your income, credit history, existing debt and ability to repay will be reviewed before any loan offer is made.

Online application can be submitted quickly, but approval depends on document checks, eligibility assessment and verification. Avoid lenders that promise guaranteed approval without proper checks.

Common documents include NRIC or work pass, proof of income, CPF statements or bank statements, proof of address and supporting documents showing expected incoming funds, where applicable.

For licensed moneylenders in Singapore, interest is capped at up to 4% per month. The actual rate depends on your assessment outcome and loan terms.

Licensed moneylenders may charge permitted fees such as an administrative fee, late repayment fee, late interest and court-ordered legal costs where applicable. Always review the full repayment schedule before signing.

The loan amount depends on your income, residency status, existing debt and repayment ability. Borrow only what you need and can repay comfortably.

A bridging loan is usually meant for short-term repayment. Your repayment period depends on the loan amount, terms offered and your ability to repay.

Yes, a bridging loan may help cover short-term cash needs while waiting for property sale proceeds. Bank bridging loans are often property-related, while licensed moneylender loans are subject to assessment and legal borrowing limits.

Yes, Credit 21 is a licensed moneylender in Tanjong Pagar, Singapore. Borrowers should always verify a lender’s licence before applying or sharing personal details.

Borrowing from a licensed moneylender is regulated under Ministry of Law rules. Avoid anyone who asks for upfront fees, Singpass details, OTPs or loan confirmation through suspicious messaging channels.