Pasir Ris is a planning area found next to Changi Airport and Tampines. What really stands out about Pasir Ris is the amount of amenities and recreational activities to do. In fact, the place is packed with swimming pools and water parks.

It’s the ideal place to travel to or settle in if you’re in search of a place with somewhat of an olden-day aesthetic but still modern enough to keep you entertained.

What Is a Bridging Loan and How Does it Work?

Bridging loans are specially designed for Singaporeans who want to purchase a new property, like a house or flat, but need to borrow additional capital to fund the purchase.

Features of a bridging loan:

  • $1500 minimum salary
  • Maximum loan amount of 6X salary
  • Maximum interest rate of 4%
  • Loan term of either one month or until the outstanding process has been finalised

What Are the Advantages of Getting a Bridging Loan from a Moneylender?

  • Minimal requirements: The most important requirement is the Option to Purchase. Other requirements are easy to provide, such as proof of income.
  • Quick application: Loan officers can get back to you within an hour after submitting the application
  • Fast disbursal of loan: You can receive the money as soon as you sign the contract in-person. The officer will explain the terms beforehand so make sure to understand the terms before you agree.

How to Apply?

You must exercise the Option to Purchase (OTP) to be eligible and apply for a bridging loan. Moneylenders require borrowers to be at least 18 years old and have a minimum salary of $1,500.

Other typical requirements are:

  • Copy of the OTP
  • Identity card
  • NRIC
  • Proof of residence
  • Proof of employment
  • SingaPass to log in to IRAS, HDB, CPF

Why Get a Loan Through Us?

Moneylender Review is a loan comparison site that finds the most suitable loan packages for borrowers according to their budget and needs. We do the legwork and tons of research so you don’t have to. We do this to help you make smarter financial decisions while taking steps to financial independence.

Request up to three free quotes now to compare your options from the top licensed money lender in Singapore just by filling up our online form today.

Summary of Top Legal Money Lenders of 2021

List of Money Lenders in Pasir Ris

No licensed money lenders found in the area