Things about bridging loans

A bridging loan is interim financing for an individual or business until permanent or the next stage of financing can be obtained. Money from the new financing is generally used to “take out” (i.e. to pay back) the bridge loan, as well as other capitalization needs.

Bridging loans are typically more expensive than conventional financing to compensate for the additional risk of the loan. Bridge loans typically have a higher interest rate, points and other costs that are amortized over a shorter period, and various fees and other “sweeteners” (such as equity participation by the lender in some loans). The lender also may requirecross-collateralization and a lower loan-to-value ratio. On the other hand they are typically arranged quickly with relatively little documentation.

Easy Personal Loan

  • Low income requirement
    Minimum annual income of $20,000 (equivalent to $1,667 per month). For foreigners, the annual income requirement is $60,000.

 

  • Cash of up to 4X your monthly income
    Get up to a loan amount of $200,000 or 4 times your monthly income upon approval if your annual income is $30,000 and above. If your annual income is between $20,000 and $29,999, you can only apply for a loan amount of up to 2 times your monthly income.

 

  • Convenient access to cash
    Your approved loan amount will be credited directly to your designated bank account.

 

  • Choose a repayment period that suits your needs
    Choose one of 5 different loan tenors to repay your loan. Either 12, 24, 36, 48 or 60 months.

 

How to get a loan

Everyone always hopes they don’t need a loan in an emergency situation, but sometimes these instances come up in our day to day lives. You never know when it is going to happen, and that is why Fast Loans exists. If you need money quickly and simply, Fast Loans can help. Fast cash can be yours after you complete an easy application. Your application will be processed immediately. It shouldn’t be difficult to get a personal loan, especially when you are in an emergency situation, and that is why this process is designed to be hassle-free.

What Can I Use A Fast Loan For?

These personal loans can be used for anything that you need. It can be very challenging to gather a significant sum of money in a short period of time, and that is another reason why Fast Loans exists. Here are just a few of the ways you might like to use your loan