Home - Mortgage Loans | Personal Loans | Bad Debt Loans | Foreclosure Loans
Apply for a Loan | Best Auto Loans | Best Bad Credit Auto Loans | Best Bad Credit Loans | Best Bill Consolidation Loans | Best Cash Advance Loans | Best Credit Cards | Best Credit Repair Tips | Best Debt Consolidation Loans | Best Free Credit Reporting Tips | Best Home Equity Loans | Best Mortgage Loans | Best Pay Day Loans | Best Personal Loans | Best Products on the Internet | Best Unsecured Loans
Great Financial Advice
Apply for a Loan
Latest Financial News
Rate Lock Advisory
Best Products
Join Our Mailing List
Contact Us
Loan Articles Index
Auto Loans
Bad Credit Auto Loans
Bad Credit Loans
Bill Consolidation Loans
Cash Advance Loans
Credit Cards
Credit Repair Tips
Debt Consolidation Loans
Debt Reduction Loans
Foreclosure Loans
Free Credit Reporting Tips
High Risk Loans
Home Equity Loans
Home Loans
Lawsuit Loans
Mortgage Loans
Pay Day Loans
Personal Loans
Products on the Internet
Real Estate Services
UK loans
Unsecured Loans
Loan Article Index
Loan Articles A-G
Loan Articles H-Q
Loan Articles R-Z
Mortgage Calculators
Mortgage Calculator
Mortgage Amortization Calculator
Rent vs. Buy Calculator
How Much Can I Afford Calculator
Auto Payment Calculator
Click here to Sign up for Email and Newsletter


redhotloantips fat loss

Bridging Loans - For Personal & Business Needs

Written by: Vipul Jain

A bridging loan is a short term finance that is used to bridge the gap between a buy and a sell transaction. It pays for your new property before you sell your old one. Once you sell your old property, the proceeds can be used to repay the bridging loan. It can also be used to finance a business. If you have applied for a business loan, you can take out a bridgin g loan to run your business until you receive the business loan. A bridging loan is a secured loan which is secured against a commercial or a residential property.

As we have already discussed, a bridging loan is a short term loan that is used to fulfill short term personal or business needs. The loan period of bridging loans ranges form a few days to a few weeks. The maximum loan period of a bridging loan is two years. The good thing about bridging loans is that they are easily available and can be arranged within a short period of time. The rate of interest on bridging loans is very high. You should get it only for the purpose of bridging the gap between two transactions. Once you get it, you should repay it within a short period of time because of high interest rate. If you take out a bridging loan, make sure that you repay it as per the loan terms, otherwise the property that you offer as a security may be repossessed by the lender. The rate of interest depends upon the credit rating of the borrower and the value of collateral.

If you are taking out a bridging loan to purchase a new property, then make sure that your old property gets sold quickly otherwise your interest burden would be very high. You must try and sell your old property as soon as you get a bridging loan since the sale proceeds of the old property will be used to repay the new property. Bridging loans can also be taken out by borrowers who have a bad credit history. The rate of interest on bad credit bridging loans is even higher. You must consider every aspect of a bridging loan before applying for it.

About the author:

Author: The author is a business writer specializing in finance and credit products and has written authoritative articles on the finance industry. He has done his masters in Business Administration and is currently assisting Apply-4-loans as a finance specialist. For more information please visit: http://www.apply-4-loans.co .uk

Other Related Articles:

Construction Loans- Good as an Interim Measure of Financing Construction Activity
Construction of your house is going on at a normal pace when the depleting finances threaten to disrupt the process. The derailment in the construction activity will significantly increase the cost of construction. If arranging finance within such a...read more

Unsecured Loan With Poor Credit Unsecured Personal Loan quick personal loans
Unsecured Loan with Poor Credit An unsecured loan is one where you do not pledge your property against the sum you borrow. The lender assesses your status--whether or not you have a job, and pay your bills on time--before giving you an...read more

Instant Car Loans - Benefits Of Car Loans Online
In a hurry to get approved for a car loan or just don't have the time to schedule a visit to the bank? Instant car loans have become popular as more people are doing their loan research online. The more you know about applying for a car loan and...read more

Return to Home


Best Auto Loans, Best Bad Credit Auto Loans, Best Bad Credit Loans, Best Bill Consolidation Loans, Best Cash Advance Loans, Best Credit Cards, Best Credit Repair Tips, Best Debt Consolidation Loans, Best Debt Reduction Loans, Best Foreclosure Loans, Best Free Credit Reporting Tips, Best High Risk Loans, Best Home Equity Loans, Best Home Loans, Best Lawsuit Loans, Best Mortgage Loans, Best Pay Day Loans, Best Personal Loans, Best Products on the Internet, Best Real Estate Services, Best UK loans, Best Unsecured Loans
Subscribe to Mailing List | Private Policy | Unsubscribe | Site Map