Singapore · Moneylender (MinLaw-licensed)
Tradition Credit bridging loan
Tradition Credit Pte Ltd
Regulator: Ministry of Law (Moneylenders Act 2008)
Bridging-loan products from Tradition Credit
Tradition Credit 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 Tradition Credit
Specific factors to know about applying with Tradition Credit.
- · Operates under the Moneylenders Act 2008, regulated by the Ministry of Law (MinLaw) — not MAS. Materially different consumer-protection framework from MAS-regulated banks and finance companies.
- · The Moneylenders Act imposes specific interest-rate caps and disclosure requirements applicable to consumer loans from licensed moneylenders.
- · Always verify current MinLaw licence status on the Registry of Moneylenders before transacting. Licensed-moneylender status can change.
- · Borrowing from a licensed moneylender for property-transition financing should be a deliberate choice — verify the specific protection framework with a Singapore-qualified property lawyer before signing.
Common questions about Tradition Credit bridging
How do I apply for a Tradition Credit bridging loan?
Apply through Tradition Credit 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 Tradition Credit offer on bridging facilities?
Tradition Credit 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 Tradition Credit 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 Tradition at application.
Related guides
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 described above. Open Tradition Credit bridging page.
This page is informational only and does not constitute financial advice. For binding rates and eligibility, contact Tradition Credit directly or consult a MAS-licensed mortgage broker.