Q: What is meant by bridging finance?
A: Bridging finance is a short term loan one takes when waiting for a large amount that is being transferred to you but that it will only be received in a few months. Bridging finance helps with loaning that amount to you and is then payable back to the financing company.
Q: How many months of instalments are there when taking out a bridge loan?
A: Bridge loans needs to me settled within 12 months. It is not like a personal loan that you pay instalments over 3 years.
Q: What is the interest rate on a bridge loan?
A: This is all dependent on how much has been loaned. The interest can be anywhere from 10% upwards.
Q: How do I apply with Bridging Finance Johannesburg?
A: First step would be to get in touch with us and explain what financing you require and what for. We send through an application form to be filled out which will take no less than 10 min. Once you have completed the application form we will the process it to let you know if it has been approved.
Q: How quickly will I receive my money?
A: We aim at making sure that our payouts to you are done in 24 hours pr as quick as possible as we understand the urgency when it comes to finances.
Q: When should one consider to use Bridging Finance Johannesburg?
A: If you have secured large deal and but need to get to work on it right away and cash flow is problematic at the time then one would apply for bridging finance.
