Fortune Credit Pte Ltd is a licensed moneylender (License No. 33/2022) listed in the Registry of Moneylenders, under the Ministry of Law in Singapore.

Bridging Loan

For paying home downpayments within the time limit.
This loan can be used to pay off your home downpayment
while you wait for the sales proceeds of your old property.

Tick

Get fast cash

Tick

Low-interest rates from 1 to 4%

Tick

Flexible repayment terms

Excellent 5/5

90 Reviews on

Loan Advisor

Personal Loan Img

Tick

Low-interest rates from 1 to 4%

Tick

Unsecured loan – No collateral/pledging of assets needed

Tick

Flexible repayment tenures

Personal Loan Img

Fortune Credit’s Bridging Loan will help you transition seamlessly into purchasing your new home. This loan will help cover your home downpayment while waiting to receive the sales proceeds from your old property. With a loan amount of up to 6 times your salary, this bridging loan in Singapore can tide you over short-term financial difficulties.

Personal Loan Img

Tick

Low-interest rates from 1 to 4%

Tick

Unsecured loan – No collateral/pledging of assets needed

Tick

Flexible repayment tenures

Personal Loan Img

Fortune Credit’s Bridging Loan will help you transition seamlessly into purchasing your new home. This loan will help cover your home downpayment while waiting to receive the sales proceeds from your old property. With a loan amount of up to 6 times your salary, this bridging loan in Singapore can tide you over short-term financial difficulties.

APPLY FOR A LOAN IN 3 EASY STEPS

01

Call

Call or Apply Online

Apply from the comfort of your home at our official website https://www.fortunecredit.com.sg/ or call us at 6777 1887

02

Group

Visit Our Office For In-Person Consultation

Our consultant will schedule an appointment for you to further discuss the terms and conditions of your loan plan.

03

Cash

Receive Your Cash on the Same Day

Get your cash loan as soon as the agreement has been signed

ELIGIBILITY

Tick

At least 18 year old

Tick

No minimum salary required

Tick

Exercised the option to purchase (OTP)

DOCUMENTS REQUIREMENTS

Tick

Identity card / NRIC

Tick

Proof of residence (utility bill, a letter addressed to you, and or tenancy agreement)

Tick

Proof of employment (certificate of employment or recent 3 months payslip)

Tick

SingPass (password to log into CPF, HDB, IRAS website)

Tick

Copy of the “Option To Purchase” (OTP)

Feel Free to Borrow Anytime!

Clock

It just takes 5 minutes
to complete your
loan application!

Clock

It just takes 5 minutes to
complete the form to
get FREE loan quote! 

BRIDGING LOAN FAQ

Customdivider

A Bridging Loan gives you the cash you need for your next home purchase, even if you're still waiting to receive the sales proceeds from your old property.

Here is an example:

 

Financing a S$1,000,000 property purchase

Down payment
(5% cash)

5% x S$1,000,000 = S$50,000

Down payment
(20% cash and/or CPF funds)

20% x S$1,000,000 = S$200,000

Loan amount
(Assuming you qualify for maximum 75% Loan-to-Value)

75% x S$1,000,000 = S$750,000

 

Let's assume that you have already paid the 5% downpayment in cash. However, you don't have enough savings to cover the next downpayment of S$200,000 since you're waiting for your old home to sell. On top of that, you're still waiting for your next home loan to be approved.

This is where a bridging loan can help. This loan can cover the remaining amount you need.

Fortune Credit is among the top 10 legal moneylenders in Singapore and touted as the best moneylender in Bugis as well as Bras Basah. Since 2010, we have been commended for being a financial agency that offers a “comfortable, friendly, and efficient” borrowing experience.

Fortune Credit offers unsecured loans of up to six times your monthly salary to provide financial assistance to those in dire need of money. We are constantly refining our application process for swift and efficient approvals.

But what makes us different from other moneylenders is our reputation for being a warm, caring, and thoughtful institution. We understand that the overall process of borrowing money should be easy, relaxed, and unintimidating.

True to our mission “Feel Free to Borrow Anytime”, we vow to extend our financial help to those in need every single day.

Being in the industry for over a decade, we have established excellent customer service and achieved notable awards. 

Honours & Achievements

  • Regarded as among the top 10 licensed moneylenders in Singapore by Loan Advisor
  • Included in the list of top-performing legal moneylenders in Singapore by Top Brands

Reviews & Testimonials

  • Received excellent 4.9 stars from verified clients on Google Reviews
  • Commended as “friendly, efficient, and accommodating” by customers on Loan Advisor

Eligibility:

  • At least 18 years old
  • Must exercise the Option to Purchase (OTP)
  • Minimum Income: 
    • Singaporeans or Permanent Residents: S$1,500
    • Foreigners: S$2,000

Requirements:

  • A copy of your NRIC
  • Copy of the OTP
  • Proof of income and employment
  • Proof of residence
  • SingPass to log in to CPF, IRAS, and HDB websites

First, make sure that you take out a bridging loan from a licensed money lender like Fortune Credit. To avoid loan scams, you must first verify if the licensed money lender is registered with Singapore's Ministry of Law.

Next, compare loan packages to find the most favorable interest rates and terms. Choose a loan package that will suit your budget and your repayment capability.

Lastly, read customer satisfaction reviews and feedback on Loan Advisor and Google Reviews.

There are several factors that can affect how much money you can borrow from us. If you're applying for an unsecured loan with us, you will be able to borrow up to 6x your monthly salary. Depending on your assessment and requirements, we always give the best optimal amount of loans to our clients.

Note that the maximum loan tenure for bridging loans is up to 1 month only or until the property’s completion date.

To further explain, please refer to the table below:

Borrower’s annual income

Singapore Citizens and Permanent Residents

Foreigners residing in Singapore

Less than $10,000

$3,000

$500

At least $10,000

and less than $20,000

$3,000

At least $20,000

6 times monthly income

6 times monthly income

 

All licensed moneylender that are offering bridging loans in Singapore is only permitted to impose the following charges and expenses on bridging loans or other types of loans:

  • A fee not exceeding $60 for each month of late repayment;
  • A fee not exceeding 10% of the principal of the loan when a loan is granted; and

The total charges imposed by licensed moneylenders on personal loans in Singapore, consisting of interest, late interest, processing fee or upfront administrative, and late fee also cannot exceed an amount equivalent to the principal of the loan.

Unlike banks that have a stringent loan application process and can take weeks to months to approve applications, Fortunate Credit application is swift and efficient.

You can expect to receive your borrowed money within an hour, or upon the signing of the loan contract in our office. Our loan officer will contact you to come in for the signing of the contract.

After receiving your loan, make sure that you:

  • Receive the correct principal loan amount. Licensed moneylenders, like Fortune Credit, can only charge an upfront deduction of approval fee of up to 10% of the principal loan amount.
  • Pay your loan installments on time to avoid incurring late interest and late fees.
  • Receive a receipt after each repayment made towards your loan. Check for any discrepancies, such as the name, amount, and date.
  • Receive a statement of account for your loan at least once every January and July.

Lastly, keep all repayment receipts and statements of accounts as evidence of payments.

Yes, you may call us at 6777 1887 or apply online. However, for loan disbursement, you are required to visit our physical office to sign the loan contract which includes an interest payment plan. This is part of the approval process practiced by money lender Singapore.

Yes, you could apply for loans with different interest rates and borrowing limits. For example, banks in Singapore offer higher lending amounts but have stricter requirements. This means that it takes time before they will release your funds after approval because of their rigorous evaluation process.

On the other hand, licensed moneylenders such as Fortune Credit offer an easy application process, a lower interest rate of 1-4%, and upfront processing fees with no hidden charges!

Call Now
Directions
× WhatsApp Us