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Product features:

  • Bridging finance is applicable to normal and property loans
  • Members will be allowed to clear all the other existing loans at the time of bridging.
  • No Maximum limit. (3 times member’s savings)
  • Must have repaid the loan for at least half its life or half of the principal amount.
  • Lump sum amounts paid to attain the half of the principal amount will only be considered after 3 months.
  • A 5% fee will be charged on the bridged amount the bridged amount shall be recovered in full from the proceed of the new loan