Singapore · Bank (local)
OCBC Bank bridging loan
Oversea-Chinese Banking Corporation Limited
Regulator: MAS (Banking Act 1970)
Bridging-loan products from OCBC Bank
OCBC Bank offers 2 bridging-loan product types in Singapore. Each links to a full product-type guide with eligibility, fees and key risks.
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.
Typical tenure
Up to 6 months from disbursement (most lenders); occasionally extendable
Max principal
Up to the equivalent of net sale proceeds from existing flat (after settling outstanding mortgage + CPF top-ups)
Pricing model
Pegged to the lender's prime / board rate OR SORA-linked. Specific rate varies by lender and is quoted on application — confirm directly with the lender.
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.
Typical tenure
Up to 6 months (industry standard); occasionally extendable
Max principal
Up to the equivalent of net sale proceeds from outgoing property
Pricing model
Pegged to the lender's prime / board rate OR SORA-linked. Specific rate varies by lender — confirm directly with the lender.
Eligibility nuances at OCBC Bank
Specific factors to know about applying with OCBC Bank.
- · Bridging facility most commonly offered alongside the onward home loan from the same bank — bundling can simplify application processing and may improve negotiating position on pricing.
- · Application requires Option to Purchase (OTP) signed on new property + firm sale arrangement on existing property (typically buyer-side OTP or executed Sale & Purchase agreement).
- · Credit underwriting via Credit Bureau Singapore report. Income verification via latest payslips, IRAS Notice of Assessment and CPF contribution history.
- · TDSR per MAS Notice 645 applies primarily to the onward mortgage; bridging facility itself treated separately by most lenders as a short-tenure pending-sale-proceeds-secured facility.
Common questions about OCBC Bank bridging
How do I apply for a OCBC Bank bridging loan?
Apply through OCBC Bank directly (via mortgage adviser or online channels where available), or via a MAS-regulated mortgage broker who can submit the application alongside any onward home-loan or refinancing application. Application reference numbers and adviser contact are issued at submission; maintain weekly check-ins through the underwriting period.
What rate does OCBC Bank offer on bridging facilities?
OCBC Bank prices bridging facilities on application. Banks typically reference prime / board rate or SORA + spread; finance companies often quote fixed per-transaction. Specific rate depends on transaction details and whether bundled with the onward mortgage. Request a written all-in-cost quote before signing the facility letter.
How long does OCBC Bank take to approve a bridging-loan application?
Typical bridging-loan underwriting takes 1-3 weeks at most MAS-regulated lenders, assuming complete documentation. Faster turnaround possible for existing customers with established credit history; slower for complex profiles or non-standard income documentation. Discuss expected timing with OCBC at application.
Related guides
Source & verification
All facts ingested from OCBC Bank's published bridging-loan page. Specific rates and fees are quoted on application and may differ from any general framework described above. Open OCBC Bank bridging page.
This page is informational only and does not constitute financial advice. For binding rates and eligibility, contact OCBC Bank directly or consult a MAS-licensed mortgage broker.