Bridging Loan

Need immediate funding? Whether you’re eyeing a property under market value or vying for a property at auction, we can help you ‘bridge’ the gap and cover your expenses in the interim.

So you’ve decided it’s time to upgrade your current home to a bigger one.

You’ve chosen the perfect property, sold the current HDB flat you’re living in and made an application for a home loan. All that’s left is to put in a downpayment to your new home and wait for the sales proceeds to go through before you’re able to do so.

However, you need to do it quickly or that property you’ve had your heart set on might be snapped up by others. To make that dream a reality, you need to get a bridging loan. Singapore, like many other countries, provides such loans to cover the payments you need in the interim.

What is a Bridging Loan?

Money Lender Shaking Hands with the Couple


A bridging loan in Singapore is a short-term financing loan that is especially useful for immediate property purchases. It is used to secure the property during its pre-selling or as a form of reservation inclusive of the first year of payment. Unfortunately, banks only grant those with excellent credit scores access to the best bridging loan rates.

Bridging loans give you flexible repayment for your property financing. You will have paid both interest and the initial amount by the end of the term. You won’t need to pay a regular amount for your bridging loans, but you’ll need to pay everything in full by the end of the term.

For many Singaporeans, owning a luxurious condominium seems impossible with the huge costs and cumbersome processes involved, let alone a HDB. However, thanks to A1 Credit, any Singaporean who wishes to own their own home can secure both their reservation and first years of repayments with our friendly and sufficient bridging loan rates.

Helpful in the following situations:

  • Purchasing a property quickly
  • Buying under market value properties
  • Awaiting withdrawal of CPF savings upon reaching 55 years old

Loanable Amount:

Loanable Amount: SGD $5,000 to $200,000

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A1 Credit’s bridging loans will give you the permanent solution to many property purchasing and investing woes you might initially encounter. If you haven’t saved enough, you can take out a loan and pay for it later, especially if you’re dealing with the following situations.
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Quick Property Purchases

Flash sales, an old HDB unit sold by your neighbors or developers or even the sale of the current home you’re renting require your immediate reaction. In turn, you need a loan that reacts just as fast. With only 1 day needed for your financing’s approval, you can receive your bridging loan amount in no time.

Property Auctions

It’s possible you’ve overshot your bets during a property auction. However, having done your research, you know that the existing property is worth the price spent. The best way to make sure you secure the entire amount is to take out a bridging loan. If the property requires more financing, a bridging loan helps you reserve it until you can refinance your mortgage loans for it properly.
property auctions - bridging loans
buying property in need of remodeling


Buying A Property In Need Of Remodeling

A lower-priced existing HDB property is still useful if you intend to remodel and turn it into a high-value property in the near future. However, it’ll still cost you, and a bridging loan is the best way to get the cash you need to fund the renovations.


Preventing Repossessions

Banks have the right to claim equity on your collateral, especially if you’ve missed several loan repayments. A1 Credit can help you avert the crisis with a low-interest bridging loan or help you figure out whether you can use debt consolidation or other repayment means to your advantage without losing your property.
property auctions for bridging loans
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Making Investments

If you’re offered a good price on a property, and you’re short on cash, having a bridging loan from A1 Credit — which gets approved in just 1 day, is one of the best ways you can secure financing until the following year.


allowable age to lend money

At least 18 years old

Singaporean dollar

No minimum salary required

Singapore bank

Exercised the option to purchase (OTP)


  1. Identity card / NRIC
  2. Proof of residence (utility bill, a letter addressed to you and/or tenancy agreement)
  3. Proof of employment (certificate of employment or recent 3 months payslip)
  4. SingPass ( to log into CPF, HDB, IRAS website)
  5. Copy of the “Option To Purchase” (OTP)
requirements in getting a loan
Business Loan How To


  1. Apply online or call 6336-0833 to set an appointment at your convenience.
  2. Discuss the plan suitable for your budget with our friendly representative.
  3. Read and sign the contract including fees and terms of payment.
  4. Get the cash instantly!


Google 4.9 Stars

A1 Credit has always made our customers our priority, and we are very grateful that our efforts are recognized. These are just some of the comments we’ve received over the years on Google Review.

A1 Credit: Best Licensed Money Lender Personal Loan Singapore Chinatown IconA1 Credit: Best Licensed Money Lender Personal Loan Singapore Chinatown

2 Havelock Road, #02-08 Havelock II

4.9 203 reviews

  • Avatar Jonas Santos ★★★★★ a week ago
    Very good customer service. They will explain everything you need to know. Also, you can get the approved … More loan amount within the day. Highly recommended.
  • Avatar shop patrol ★★★★★ 2 months ago
    Shermine very friendly staff and willing to help u all the way. Will definitely intro my family and friends. … More
  • Avatar Michay Abadecio ★★★★★ 8 months ago
    Friendly, fast & easy service available from this good licensed moneylender. My first experience … More with them was from 2018. I am usually served by Jay and he was very pleasant and helpful. He serve with smiles and politely throughout all the loans. He did explained to me clearly and the borrowing is very pleasant and hassle free. My future visits were given warm welcome and they even extended their help to assist me on other problems.
    I am very pleased with their service that they rendered to me when I am facing difficulties. They are the best moneylenders in Singapore that brighten up your day. I would highly recommend everyone if you require their personal loan assistance. Thank you A1 Credit, the best legal moneylenders in Singapore.
  • Avatar Umar Siddiq Armaya ★★★★★ 2 months ago
    Transaction was fast n smooth. Recommanded!
  • Avatar Jasmine M ★★★★★ 3 months ago
    Served by shermine , fuss free and explained everything clearly to me . Would definitely recommend using … More them if you are in a tight pinch.
  • Avatar Mohamad Faiz Mohamad Said ★★★★★ 6 months ago
    Nice customer service that will politely explain the details of your contract patiently..
  • Avatar Mohamed Ali ★★★★★ a month ago
    Great experiences being the 1st time application was served by Tracy. Explaination was very cleared, … More helpful, professional and very responsive staff.
    Highly recommended.
  • Avatar Putri Alhafiz ★★★★★ 4 months ago
    Friendly, patient and efficient staff. Explained the procedures and payment plan clearly.
  • A Google User ★★★★★ 4 months ago
    Friendly, patient and efficient staff. Explained the procedures and payment plan clearly.
  • Avatar Mumtaz Begum ★★★★★ 6 months ago
    Very friendly n helpful service given.
  • Avatar razer raihan ★★★★★ 9 months ago
    Very professional staffs unlike others. Very nice office. Very systematic approach on payments and loans. … More
  • Avatar Melissa Tomalin ★★★★★ 9 months ago
    This was my first time filling out an application form for a business loan with licensed Moneylender. … More I am confused and didn't know which company to choose. Then I found A1 Credit. I decided to take a loan from A1 Credit. The loan officer was very friendly and provided me with a business loan. I recommend A1 Credit to everyone.


All types of loans are financial services that can deliver great help to all Singaporeans who need it. Bridging loans are a means to help individuals who are short on cash purchase their new luxury condominium or even HDB. In doing so, they receive a high-interest loan for short term repayments, then eventually re-finance their new home with a proper mortgage in the future.

However, bridging loans can be harmful to the misinformed. Any type of loan financing can be dangerous if borrowers mismanage their repayments and interest rates. This includes forgetting the actual purpose of bridging loans. In turn, these loans are a good idea for individuals and people who know exactly what to use it for.
Before getting a loan, it is important to consider which is the best money lending company to borrow from, how much do you really need and what loans are best suited for you.

A1 Credit is licensed and regulated by the Ministry of Law and is fully compliant to the Moneylender’s Act, making it a reliable and credible company to consider. It also offers a variety of loans, such as personal, payday, bridging, business and foreigner loans.

The requirements and eligibility depend on the type of loan you are getting. Visit our site here to see if you are eligible to apply.
The amount of money you can loan varies depending on the legal requirement and qualification. Here’s the list of loanable amount A1 Credit offers:
  • Foreigner Loan – Up to SGD$30,000
  • Payday Loan – Up to one month worth of income
  • Personal Loan – SGD $500 to $50,000
  • Business Loan – SGD $10,000 to $200,000
  • Bridging Loan – SGD $5,000 to $200,000
According to the Ministry of Law Moneylenders’ Act, the maximum rate of interest a licensed money lender can charge is 4% per month.

If a borrower fails to repay the loan on time, the maximum late interest rate a money lender can charge is 4% per month for each month the loan is repaid late.
The Ministry of Law in Singapore only allows A1 Credit and other money lenders around 1%-4% interest rates for bridging loans that last for 6 months. Any interest rate above what they indicate will be considered as invalid and illegal by the Ministry of Law and Singapore’s Registry of Moneylenders.
You can verify if a money lender is licensed by checking this list by the Ministry of Law.
Under the advertising rules, licensed money lenders are permitted to advertise only through these three channels:
  • Business or consumer directories (in print or online media)
  • Websites belonging to the money lender
  • Advertisements placed within or on the exterior of the money lender’s business premises.
All other channels are prohibited.
If you receive flyers, SMSes, emails or other forms of advertisements, these would be from either licensed money lenders operating in violation of the rules, or unlicensed money lenders.
Applying for a bridging loan is simple — it’s the same process you go through for conventional home loans. A bridging loan usually lets you borrow up to 15% of the purchase price of your new home. It generally comes with a tenor of up to 6 months.

You can apply for a bridging loan by providing your Option to Purchase document. This is a contract for the specific property which gives you the exclusive right to purchase it. Many property owners used bridging loans to secure the property they want before taking advantage of time-limited offers when they’re short on cash.
At A1 Credit, your bridging loan is not subject to your credit scores. If you’ve had problems in the past due to missed bank repayments, it isn’t an important factor for us. We only need proof of your employment and capability to repay the loan amount you need. Our application team will inform you of all the necessary documents to help support the loan.

We may also call you for an interview to learn more about your financial aptitude and fully inform you about the contract behind the loan financing. In doing so, we help clarify any confusion you might have and advise you on managing your loan repayments and interest rates promptly to avoid huge penalties and interest rates.
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