Bridge Loans – By description, a loan is an agreement in which a lender agrees to give their money or property to a borrower and the borrower agrees to return the property or repay the money, with interest. Therefore, there is a bridge between the money and the borrower that enables this transaction to occur. It is for this reason that “bridge” is the namesake of one of South Africa’s most reliable lending houses.
A proudly South African business, Bridge central focus is retail unsecured lending. The Bridge Loans headquarters reside in Pretoria and their vision is to be the credit provider of choice in short-term unsecured loans. Bridge Loans also aspire to be a recognised leader in the short-term lending industry.
Tell Me More About These Loans
Bridge Loans come in a range of loan products which are affordable and tailored to meet the fluctuating market demands.
You can apply for a personal loan from R300 up to R7 100. The repayment period is 1 to 6 months.
As a principal of responsible lending, credit check and affordability assessments are performed as part of the application process and this will determine the amount of money one qualifies for. Their loans are in conformance to the rules of the National Credit Act.
What do I need to apply for Bridge Loans?
To apply for Bridge Loans you will need the following :
- Must be above the age of 18 years with a South African ID
- Employed provide stamped Pay slip
- Must have an active Bank Account where your salary is deposited, also provide 3 months Bank statement
- With Bridge Loans there is no need for providing collateral to get a loan. Once you get your loan you can use the money however you wish, there are no restrictions on use.
Bridge Loans Contact Details
To contact Bridge Loans you can visit their nearest branches and speak to their consultants in-branch, or contact them by telephone on 0861 112 044. You can also go to their website www.bridge.co.za