Bridging Loan

If you’re transitioning from an HDB to a condominium or private property, a bridging loan from BTB Creditz can help.

This short-term loan bridges the financial gap between selling your current property and purchasing your new home, providing the necessary funds for your new property’s 20% down payment.

Imagine Mr and Mrs Tan selling their HDB flat in Punggol to buy a condominium in Kallang. They find a buyer but won’t receive the proceeds for 5 months.

They need $200,000 for the 20% down payment but only have enough for the 5% cash portion. A bridging loan from BTB Creditz can cover this shortfall, ensuring they can proceed with the purchase.

Our bridging loans stand out due to:

• Speed: We provide loans swiftly to ensure you can progress with your property plans without delay.
• Ease of Application: Our process is streamlined with minimal paperwork and credit checks.
• Personalised Service: Our experienced loan officers offer advice on finding the best loan package for your needs.

Consider the following:

• Loan Type: Choose between secured and unsecured loans based on your needs.
• Interest Rates: Compare rates to ensure you get the best terms.
• Loan Tenure: Select a tenure that allows comfortable repayment.
• Financial Situation: Assess your finances thoroughly to make informed decisions.

BTB Creditz is transparent about any additional fees, which will be communicated before you sign your contract.

Here’s a brief overview:

• 3-room HDB: $275,000 – $375,000
• 4-room HDB: $400,000 – $550,000
• 5-room HDB: $500,000 – $670,000
• Executive Apartment: $550,000 – $690,000
• Executive Condominium: $800,000 – $950,000
• Condominium: $1,000,000 – $2,000,000

Prices vary significantly based on location and facilities.

Eligibility criteria include:

• Singapore Citizens, PRs, or Foreigners with valid work permits
• Minimum age of 21
• Employment or self-employment

Required documents include:

For Singaporeans / PRs:

• Proof of identity (NRIC, passport)
• Proof of income (CPF / bank statements)

For Foreigners:

• Work Permit / S Pass / E Pass
• Proof of residence (Utility bills, phone bills, tenancy agreement, etc.)
• Payslips / bank statements

Our process is straightforward:

1. Complete Your Application Online: Submit our quick online loan application form in just 2 minutes, or use Singpass.
2. Get Loan Approval: Receive in-principle approval often within an hour, minimising your wait time.
3. Receive Your Funds:Sign the loan contract face-to-face and get your funds immediately on the spot.

Funds are typically disbursed immediately after you’ve accepted and signed our loan contract at our office at 82 Lorong 25A Geylang, Singapore 388261.

Yes, we consider applications even if you have other loans. At BTB Creditz, we aim to offer competitive packages to everyone.

Absolutely! At BTB Creditz, we understand that financial situations can be complex. Unlike traditional banks, we do not base our decisions on credit scores.

Each application is assessed case-by-case, considering your current financial condition and repayment ability. We aim to provide accessible solutions to all, regardless of past financial challenges.

No, BTB Creditz does not impose penalties for early repayment. This may also reduce your interest obligations.

Contact us early if you face repayment issues. We’re committed to finding workable solutions.

All loan details are maintained digitally and securely with us to ensure confidentiality; physical copies are provided upon request.