Admiralty is one of the subzones of Sembawang, a planning area located in the northern part of Singapore. The place gets its name from its links to the British Naval Base that was present in Sembawang from 1923 to 1941.
Today, Admiralty is known as a haven for nature lovers. Aside from the famous Admiralty Park, locals and foreigners can also go to Woodlands Waterfront Park and Marsiling Park. For those who are into cycling, Lorong Asrama has an 8-km long beginner-friendly bike loop.
Should you ever wish to purchase a property near Admiralty, a bridging loan can help you claim it even if you can’t afford it right now.
What is a bridging loan?
A bridging loan is designed for Singaporeans who wish to purchase a new mortgage (e.g., a flat or a house) but are currently lacking the funds to secure it. In short, this type of loan “bridges” the financial gap that stands between you and your dream property.
Advantages of taking a bridging loan with money lenders
- Get approved within an hour: Banks have a stricter loan application process so the approval time usually takes longer. Meanwhile, with licensed moneylenders, your application can be approved in as little as an hour if all your requirements are valid.
- Secure your dream property immediately: If the particular property that you’re eyeing is in demand, getting a bridging loan can help you secure it right away.
- Enjoy affordable interest rates: The monthly interest of bridging loans can only go as high as 4%, according to the Ministry of Law’s standards for licensed moneylenders.
- Pay back on favourable terms: You can pay back your loan in just one month or until the property’s completion date. Whatever your repayment capability is, a trusted moneylender can create a plan that works well for you.
How to apply?
- At least 18 years old
- Minimum monthly salary of SGD 1,500
- Has exercised OTP (Option to Purchase)
- ID card / NRIC
- Proof of residence
- Proof of employment
- Copy of OTP
- Apply for our bridging loan online: Fill out our online form or call us to apply for a bridging loan.
- Discuss the loan terms at our office: Upon your application’s approval, you will be invited to our office so we can tailor your loan plan to your situation.
- Receive your bridging loan amount: If you agree to the terms and conditions that we have set, you simply need to sign the contract and you’ll get your cash immediately.
How can A1 Credit help you?
A1 Credit is backed by a team that has already garnered considerable amounts of experience in the moneylending business.
Throughout the years, we’ve dealt with borrowers from all walks of life. Thus, we know how important it is to customize loan plans according to the borrower’s financial situation and repayment ability.
If you’re planning to buy a new property or refurbish your current one, A1 Credit is a Licensed Money Lender Admiralty that you certainly can count on for immediate funding. If you’re in need of financial help, Admiralty Personal Loan can readily assist you with your financial needs.
Contact us at 6336 0833 or email@example.com to learn how we can secure your dream property today.