Bridging loan in Singapore — frequently asked questions

A short-term loan (typically 6 months in Singapore) that covers the cash-flow gap between buying a new property and receiving sale proceeds from your existing property. Secured against expected sale proceeds, interest-only, repaid in a single lump sum.

MAS-regulated banks (DBS, OCBC, UOB, Standard Chartered, Maybank, HSBC, Citi), MAS-regulated finance companies (Hong Leong Finance, Singapura Finance, Sing Investments & Finance under the Finance Companies Act 1967), and specialist licensed lenders.

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

No single published rate applies across the market. Banks quote against their prime / board rate or against SORA; finance companies often quote fixed per-transaction. Specific rates are quoted on application. See the rates page for the pricing-model framework.

SORA (Singapore Overnight Rate Average) is the benchmark interest rate published daily by MAS. SORA-linked bridging facilities quote as "Compounded SORA + spread" with defined reset windows. See MAS SOR/SORA transition framework for full context.

TDSR (MAS Notice 645) applies primarily to the onward mortgage. The short-tenure bridging facility is treated separately because it is secured against pending sale proceeds rather than ongoing income; specific lender treatment varies.

Yes — most MAS-regulated lenders accept self-employed applicants. Required income documentation is more extensive (2 years' IRAS NOA, bank statements, ACRA business profile). Some lenders apply a haircut to self-employed income for TDSR purposes.

Beyond interest: legal/conveyancing fees (SGD 1,500–3,000 HDB or SGD 2,000–4,000 private), valuation (SGD 300–800), processing (varies, sometimes waived if bundled), and stamp duties on the new property (BSD + possibly ABSD per IRAS schedule).

Buyer's Stamp Duty (BSD) is payable on every residential property purchase per the IRAS-published schedule. Additional Buyer's Stamp Duty (ABSD) applies when buying a second residential property while still owning the first. SC married couples may apply for ABSD remission if the existing property is sold within the remission window (currently 6 months from new-property completion — verify current IRAS rules).

Apply directly via the lender (typically through the same bank handling your onward mortgage), via a MAS-regulated mortgage broker, or via the free shortlist tool on this site which routes to MAS-regulated brokers.

OTP signed on new property; sale arrangement firm on existing (OTP or S&P); NRIC; latest income docs (payslips, NOA, CPF contributions); existing mortgage statement; CPF withdrawal statement for outgoing property.

Same general mechanics. Differences: HDB sale-completion timelines are typically 12-20 weeks (more predictable); HDB legal fees are typically lower than private; HDB conveyancing can sometimes use HDB's appointed service; private may have ABSD interaction. See the HDB bridging guide for the full framework.

A specialised bridging facility for Executive Condominium buyers under the Deferred Payment Scheme (DPS). Bridges the cash-flow gap between EC handover (75% balance due) and HDB sale completion. Available from a narrower subset of lenders than standard bridging.

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