Cover the Smaller Costs Around Your Property Move
Buying or selling a property comes with smaller upfront costs, option fees, legal fees, moving expenses, that often need to be paid before your finances settle. BST Credit's bridging loan helps cover these costs, from a licensed moneylender offering fair, transparent terms.
Apply for a Bridging Loan
Loan Purposes
A bridging loan can help you manage the smaller, immediate costs that come with a property transaction, while your finances catch up.
Cover the upfront fee to secure your Option to Purchase, often due before other funds become available.
Manage legal costs tied to your property transaction, which are typically due regardless of your sale timeline.
Fund the practical costs of moving, or light renovations to your new place, before you're fully settled financially.
Bridge a temporary gap in your finances during a property transaction, without waiting on other funds to come through.
An honest option for smaller property-related costs:
You may have come across bank bridging loans, which cover the downpayment gap when buying a new property before receiving proceeds from selling your existing one. These are secured loans, tied directly to your property sale, and typically cover amounts in the tens or hundreds of thousands of dollars.
A BST Credit bridging loan is different: it’s an unsecured personal loan, better suited to the smaller costs around a property move, option fees, legal fees, or moving expenses, rather than the downpayment itself. If you need a large amount secured against your property sale, a bank bridging loan is likely the right tool. If it’s the smaller, immediate costs you need help with, this is where we can help.
The maximum you may borrow at any time, across all licensed moneylenders in Singapore combined, depends on your annual income and residency status, as shown below.
Not sure what your monthly repayments might look like? Try our Loan Calculator to get an estimate before you apply.
| Annual Income | Singapore Citizen and Permanent Resident | Foreigners Residing in Singapore |
|---|---|---|
| Less than $10,000 | $3,000 | $500 |
| $10,000 but less than $20,000 | $3,000 | $3,000 |
| $20,000 and above | 6 times the monthly income | 6 times the monthly income |
These limits apply specifically to unsecured cash loans in Singapore. Here’s what borrowers should keep in mind:
As a licensed moneylender, we are bound by strict limits set by the Ministry of Law. Here is what applies to your bridging loan:
A property transaction already involves significant sums, so it’s worth being clear-eyed about what this loan is meant to cover, the smaller, immediate costs, not the property itself. Borrow only what you need for these specific expenses, and factor the repayment into your budget alongside your other property-related commitments. Our responsible borrowing checklist is a useful starting point before you apply.
Prepare Your Documents
Submit the necessary documents to verify your information, or apply with Singpass to have your particulars retrieved directly and skip manual uploads.
Are 21 years old or above
Singapore Citizen, PR, or valid Work Pass holder (EP, S Pass, WP)
Steady income, whether full-time, part-time or self-employed
NRIC (for Singaporeans/PRs) or Passport and Work Pass (for foreigners)
1. Last 3 months’ payslips
2. CPF contribution history
3. Income Tax Notice of Assessment
4. Bank statement showing salary crediting
1. Latest utility bill (within 3 months)
2. Tenancy agreement
3. Official letters sent to your home address
Loan Benefits
Straightforward support for the smaller costs of a property move.
A quicker, simpler process than a bank facility, suited to smaller, time-sensitive costs like option or legal fees.
Every rate and fee is disclosed upfront and capped within Ministry of Law limits, so you always know what you're agreeing to.
Since this is an unsecured loan, there's no need to secure it against your property, unlike a bank bridging loan.
Real people and real guidance, from your first question through to your final repayment.
Loan Application Process
Apply online first, receive a verification call, visit our licensed office to review and sign the
loan contract, then receive your funds after approval.
Submit your loan application online with your basic details and preferred loan amount.
Our team will contact you to verify your details, understand your loan needs and guide you on the next step.
Visit our licensed office for in-person verification. The loan amount, repayment schedule, interest and fees will be explained before you sign.
Once your loan is approved and the contract is signed, the approved loan amount will be disbursed to you.
What Borrowers Say
See why borrowers trust BST Credit for clear loan terms, helpful service and a smooth application process.
FAQ
Answers to common questions about borrowing for property-related costs in Singapore.
No. A bank bridging loan is a secured facility that covers the downpayment gap when buying a new property before receiving proceeds from selling your existing one, typically covering tens or hundreds of thousands of dollars.
A BST Credit bridging loan is an unsecured personal loan, better suited to smaller property-related costs like option fees, legal fees, or moving expenses, not the downpayment itself.
Given the borrowing limits on an unsecured personal loan, this loan is generally not sized to cover a full property downpayment gap. It’s better suited to smaller, immediate costs around your property transaction. If you need financing for the downpayment itself, a bank bridging loan, secured against your property sale, is likely the more appropriate option.
The maximum you can borrow depends on your annual income and residency status, and this limit applies across all licensed moneylenders in Singapore combined, not per lender.
Licensed moneylenders in Singapore are regulated by the Ministry of Law to keep borrowing fair and transparent.
To apply for a bridging loan with BST Credit, you should be 21 years old or above, be a Singapore Citizen, PR, or valid Work Pass holder (EP, S Pass, WP), and have a steady income, whether from full-time, part-time or self-employed work.
You can check the official Registry of Moneylenders maintained by the Ministry of Law. Always apply only through official websites or verified contact channels to avoid unlicensed lenders. Read our full guide on how to check if a moneylender is licensed for a step-by-step walkthrough.
The Registry of Moneylenders cannot negotiate with lenders on your behalf, as this is a matter of private contract. If you’re facing financial difficulties, you may wish to approach a social service agency for credit counselling and help negotiating a repayment plan, such as Credit Counselling Singapore (6225 5227), which handles cases that also involve bank debts.
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