Bridging Loan
Cover the 20% initial payment for your new condominium or Executive Condominium while awaiting proceeds from your existing HDB sale. We offers timely bridging loans to ease your transition.
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Receive cash within the day
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Swift application via Singpass
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Minimal credit checks required
Bridging the Gap: JNB Credit’s Bridging Loan for Your Home Transition
Taking the next step in your life by moving to a new home is an exciting journey. Whether it’s a larger living space, upgraded amenities, or simply a change of scenery, the transition can be both thrilling and challenging.
The challenge often lies in the financial aspect, particularly when you’re waiting for the proceeds from the sale of your current property. This is where JNB Credit’s Bridging Loan comes into play.
Our Bridging Loan is designed to provide you with the immediate funds you need for the down payment on your new home. It serves as a financial cushion, allowing you to make the transition smoothly while waiting for the sale of your existing property to finalise.
With JNB Credit, you can focus on the joys of moving into your new home without worrying about the financial gaps. Let us help you bridge that gap today.
We Personalised loan options for what you need - and when you need them.
Better and improved credit scores
Flexible loan tenures
Ease of application and approval
Increased convenience
How to Apply for a Loan with JNB Credit
Applying for a loan with JNB Credit is fast, secure, and straightforward. Follow these 3 simple steps to complete your application and receive your funds safely, as fast as on the same day.
Step 1. Apply
Submit your application via Singpass MyInfo.
Step 2. Verify
Come in person for a final face-to-face verification.
Step 3. Receive
Get your funds disbursed directly into your account.
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by our Customers
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Bridging Loan FAQs
A bridging loan from JNB Credit is a short-term loan designed to help you cover the financial gap between selling your current property and purchasing a new one. It provides you with the funds needed for the 20% down payment on your new home.
For example, let’s say you are selling your current flat for $450,000 and buying a new condo for $1,000,000. You have enough for the 5% cash down payment but lack the remaining 15%. A bridging loan can help you cover this shortfall until you receive the sales proceeds.
We offer a streamlined application process, quick approval times, and personalised customer service. Unlike banks, we don’t require extensive paperwork or rigorous credit checks.
You should consider the type of loan (secured or unsecured), interest rates, and your current financial situation. Make sure to choose a loan tenure that you are comfortable with for repayments.
To qualify for a bridging loan with JNB Credit, you’ll need to have:
- Be a Singapore Citizen, Permanent Resident or Foreigner with a valid work permit / employment pass
- Be at least 21 years old
- Be employed / self-employed
We aim to make things easier for you, so you are only required to prove your identity and income.
All you need is your NRIC or passport, and a CPF or bank statement that shows that you have a regular income.
For foreigners, a valid work permit is necessary, together with a document that proves the residence (a bill on your name for utilities or phone services, or a tenancy agreement) and a payslip or bank statement that proves that you have a regular income.
With us, you are just a few clicks away from getting a bridging loan.
Simply fill up the online loan application form. It will take only 5 minutes.
The result of your loan application, including the maximum loan amount and term, will be provided to you in under an hour.
Visit our location for a final face-to-face verification and get your money instantly.
Once your application is approved and the contract is signed, the funds will be disbursed immediately.
Yes, we welcome applications even if you have existing loans with other institutions.
The credit score does not hang the heaviest in the balance. Even if you don’t get a high score, we are here to process your application and help you.
If you decide to pay your personal loan earlier, not only you are not extra-charged, but you will also save some money on outstanding interest.
Confidentiality is one of our strengths. All information concerning your personal loan will be strictly kept private. The only situation in which you’ll get a physical copy at home is at your direct request.