Supporting Documents Required
Fax the documents to the numbers indicated on the bridging finance application form which will be sent to you.
The credit provider will first do a credit bureau check and assess the applicant’s credit profile.
There may be a telephonic interview conducted to verify elements of the application.
The credit report and interview results will be submitted to the credit committee for consideration.
If approved, a “loan against pension” contract with all terms and conditions will be sent to you for signature and once received back, the pension payout or provident payout will be made to your specified bank account.
It is advised that you settle this bridging loan as soon as possible so as to close the contract and to stop incurring costs.
Please be advised that by bridging pension funds or bridging provident funds, you are using savings that are meant for future use.
It is generally very easy to take out Pension fund loan or Provident fund loan and so this decision should be carefully considered before making use of the facility.
We suggest that you take the funds out for the shortest possible time to ensure that your costs are kept to the bare minimum.