FAQ
Frequently asked questions
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Find all of our Frequently Asked Questions about our bridging finance service here.
Any other questions? Get in touch!
Frequently asked questions
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The cost
Yes. We have no admin fees, no initiation fees, no additional fees, or anything other than our rate. And we guarantee that our rate is the best: we will match or beat any other legitimate written quote.
We are the most affordable bridging finance company in the country, guaranteed.
Our interest rates: For Agents: R1 per R1,000 per day. For Sellers: R1.30 per R1,000 per day. No other fees whatsoever.
Here's how it would work: Say you have sold your property and are due R150,000 as profit from the sale. We can lend you up to 80% of the proceeds due to you.
Example for Agents: If you need a bridge loan of R100,000 at R1 per R1,000 per day, your daily cost would be only R100.00 on a R100,000 loan. If you needed this loan for 30 days, your total cost would be just R3,000 on R100,000, and you didn't have to wait for your money!
Example for Sellers: If you need a bridge loan of R100,000 at R1.30 per R1,000 per day, your daily cost would be only R130.00 on a R100,000 loan. If you needed this loan for 30 days, your total cost would be just R3,900 on R100,000 giving you access to your funds without delay!
For more information, take a look at our bridge loan calculator for agents or our bridge loan calculator for sellers to calculate the cost.
What bridging is
This is one of our most common questions, and it is a very often misunderstood subject! Have a look at this video... And we explain the answer in detail on this page of our website.
Bridging finance is a way to access money that is due to you without having to wait. If you've just sold your home, you will only receive the money from the sale in 2-3 months. If you're an agent that has sold a home, you will only receive your commission in 2-3 months.
If you don't want to wait, we offer the most affordable option to receive your money, now.
In order to issue a bridge loan to you, we need to ensure there are NO suspensive conditions on the deal. One of the most commonly misunderstood terms is the term "suspensive condition". In this video, we explain what a suspensive condition is simply!
In order to issue a bridge loan, it is common practice to require the "guarantees" to be in place. What is a guarantee? Simply, it is a paper from the bank ensuring their promise to the buyer that he or she will get the money to buy the home. We explain it in full in this video...
Who and how much
Right away! Technically, you need to have a few key steps in place with the sale of your home. That said, contact us and we will get going with helping you immediately!
Any amount, big or small. We offer bridge loans for up to 80% of the proceeds from a sale. So if you're an agent waiting on your commissions, we can bridge 80% of your due commissions. And if you've sold your home and are waiting for the proceeds, we can bridge 80% of the amount due to you! Get in touch!
Unfortunately we do not. We strictly focus on and specialize in bridge loans: issuing loans when a home has been sold. That said, we can assist you in finding someone that may be able to offer you a personal loan.
Unfortunately we do not. We strictly focus on and specialize in bridge loans: issuing loans when a home has been sold. That said, we can assist you in finding someone that may be able to offer you a loan against your pension pay out.
The process
Yes! Once all the paperwork is in place and is fully submitted to us, we issue you your funds in under 24 hours! Our purpose is to give you access to your money, fast.
We aim to make the procedure as easy and speedy as possible.
- You, the client, or your attorney, let us know you're interested in a loan.
- We get some basic information from you and send through our simple paperwork.
- The attorney and client fill in our paperwork.
- Our team will review the paperwork and ensure everything is in place.
- Once all is, we will issue your payment in under 24 hours.
- We are the most affordable bridging finance in the country, guaranteed.
- We have no hidden or additional fees at all.
- Our procedure is simple and easy.
- We issue bridge loans fast: under 24 hours, guaranteed!
- We work with clients across South Africa.
- No matter your financing needs, if we can't help you, we will refer you to a professional that will!
- We offer free, super powerful business and life seminars for our clients.