Bridging Loan Calculator

It is sized against what your sale will actually release, not against your income. Take the sale price, subtract the outstanding loan on that property and the selling costs, then separate the CPF that must be refunded from the cash that reaches your bank account. The bridging loan covers the gap between what you need before completion and what you have available now.

No, provided the outstanding balance will be repaid within six months. MAS excludes such bridging loans from the TDSR rules, which keeps your debt servicing headroom free for the housing loan you are applying for at the same time.

Because the CPF you used on the property, plus accrued interest, is refunded to your CPF Ordinary Account rather than paid to you. It is your money and it can go towards the next purchase, but it cannot cover the minimum 5% of the price that must be paid in cash.

Bridging rates are higher than mortgage rates because the term is short. We do not publish per-bank figures because they could not be verified on the banks' own pages — ask your lender for their current rate and enter it. The default here is illustrative only.

It means your sale will not release enough to cover what you need, so bridging cannot solve the problem. A bridging loan advances money you are definitely going to receive; it cannot advance money that is not coming. If you see a shortfall, the gap has to be closed some other way before the purchase.

Usually weeks rather than the full six months. HDB resale completion typically falls around eight to twelve weeks after the resale application; private transactions vary. The shorter the overlap, the less it costs — reduce the months field to see the effect.