Singapore · Tradition Credit bridging loan

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Tradition Credit bridging loan in Singapore

Tradition Credit operates as a licensed moneylender under the Moneylenders Act 2008, regulated by the Ministry of Law (MinLaw) rather than by MAS. This is a materially different regulatory framework from the banks (Banking Act 1970) and finance companies (Finance Companies Act 1967) listed elsewhere on this site. The Moneylenders Act imposes specific consumer-protection rules including interest-rate caps and disclosure requirements.

Source

Official Tradition Credit bridging-loan page
Source: Bank page ↗

What Tradition Credit offers

Tradition Credit provides bridging facilities for 2 product types:

HDB bridging loan

Bridges the cash-flow gap between buying a new HDB flat and receiving sale proceeds from your existing HDB. Available to HDB upgraders, downgraders and lateral movers. Sale proceeds of the existing flat secure the loan.

HDB bridging loan guide

Private property bridging loan

Bridges the timing gap when transitioning from one private property to another, or from HDB to private. Secured against sale proceeds of the outgoing property.

Private property bridging loan guide

Standard bridging-loan mechanics at Tradition Credit

Most major SG bank bridging facilities follow the same general shape:

  • Tenure: 6 months from disbursement (industry standard)
  • Security: Net sale proceeds of your outgoing property
  • Pricing model: Pegged to bank prime / board rate or SORA — quoted on application
  • Eligibility: OTP signed on new property, firm sale arrangement on existing property, standard credit underwriting
  • Bundling: Most commonly offered alongside the onward mortgage from the same bank

For full pricing context, see the bridging-loan interest rate guide. For the complete bridging-loan framework, see the Singapore bridging-loan guide.

How to compare Tradition Credit against other lenders

Tradition Credit is one of 12 MAS-regulated SG bridging-loan lenders. To compare Tradition Credit's offering against other banks and finance companies:

Frequently asked questions

Is a licensed moneylender different from a bank?

Yes — materially. Banks are MAS-regulated under the Banking Act 1970. Licensed moneylenders are MinLaw-regulated under the Moneylenders Act 2008. The Moneylenders Act caps interest rates and fees that licensed moneylenders can charge consumers and imposes specific disclosure rules. Always verify current MinLaw licence status before engaging any moneylender.

How do I verify Tradition Credit's licensing?

Verify current licence status on MinLaw's published Registry of Moneylenders at the Ministry of Law's online resources. Confirm the licence is current before transacting; licensed-moneylender status can change.

What is the Tradition Credit bridging-loan interest rate?

Tradition Credit bridging-loan rates are quoted on application. Banks typically price bridging facilities against their prime / board rate or against SORA, with the specific spread depending on the transaction. Tradition Credit does not publish a fixed bridging-loan rate. See the bridging-loan interest rate guide for the full pricing-model context.

What is the typical tenure on a Tradition Credit bridging loan?

6 months is the industry-standard tenure across virtually all MAS-regulated SG lenders. Some lenders allow extension at materially higher rates if your existing-property sale completes late.

How do I apply for a Tradition Credit bridging loan?

Apply through a Tradition Credit mortgage adviser, directly via Tradition Credit's online channels (if available), or via a MAS-regulated mortgage broker who can compare Tradition Credit against other lenders in parallel.

Source & verification

All facts ingested from Tradition Credit's published bridging-loan page. Specific rates and fees are quoted on application and may differ from any general framework. This page is informational only and does not constitute financial advice. For binding rates, contact Tradition Credit directly or use the free shortlist tool.