Q: Is bridging finance a good option to do if you are in need of a loan?
A: Bridging finance is a great option if you are needing a large amount to loan and you need access of the funds, for instance if you are looking to buy property.
Q: How to you apply for bridging finance?
A: First of all you will need to show the bridging finance company that you will be receiving a large payment. Once they have seen that you are in fact waiting for a large amount to be paid to you they will give you an application form to fill out. The bridging company will be able to process the application immediately and usually can have the results within 24 hours.
Q: Can you get bridging finance from a bank?
A: There may be only some banks that offer bridging loans, but not many do. We advise that you find a reputable bridging finance company.
Q: How long does it take to get a bridging loan?
A: This all depends on the lender and how their process works. Most bridging companies can do payout within 48 hours. But this will be advised by the company.
Q: What is the interest rate when getting bridging finance?
A: Each bridging finance company may have different interest rates. It is also dependent on how much the finance amount will be.
Q: Can I get a bridge loan if I am blacklisted?
A: A bridge loan company will try and assist if you are blacklisted.