• Singaporeans/PRs of age = 21 years and annual income = S$30,000
• Minimum bridging loan amount S$30,000
• Maximum bridging loan amount S$300,000
• Must have proof of sale of existing property
• Must take the bridging loan together with home loan for new purchase
• Borrowers must pay 5% cash down payment using their own funds

• No processing fees
• Default fee: 2% of overdue amount in addition to regular interest
• No pre-payment/cancellation fees

Documents to be submitted along with the application form (originals to be produced for face to face verification)

If existing property to be sold is a HDB

• Option to purchase for existing property
• Latest CPF withdrawal statement for existing property
• Account statement from existing bank/HDB showing latest loan balance
• 1st appointment letter from HDB
• In-principle approval letter from HDB
• Letter of authorization to HDB
• Letter of undertaking by law firm acting in the sale
• Caveat lodged on existing property

If existing property to be sold is a private property

• Duly exercised option to purchase for existing property
• Latest CPF withdrawal statement for existing property
• Account statement from existing bank/HDB showing latest loan balance
• Exercise letter from the buyer’s lawyer
• Letter of undertaking by law firm acting in the sale
• Caveat lodged on existing property

Approval of this application is at the bank’s discretion.

• Walk in to any of our branches to talk to our relationship managers, or
• Email us at loans@sbising.com