Smartbridge

Smartbridge is another leading name in the South African bridging finance market. Its specific focus is in the property sector, providing short-term bridging finance. A relatively young company, founded in 2000, it has quickly established itself as a popular and reputable player in the industry. In addition to its bridging finance products, the company also offers debt consolidation and mortgage origination, as well as offering assistance with financial planning.

Smartbridge promises convenient and speedy access to bridging finance, via its national call centre. Everything can be done over the phone, with the exception of actual documentation provision, of course, but this can also be handled remotely. Knowledgeable call centre consultants walk you through the entire process, to make it easy and smooth as possible for you to fulfill your bridging finance requirements.

The company boldly claims to have excellent low interest rates, promising to better any other written quote. Its standard rate, as advertised on its website, is 2.5% per month (excluding VAT) - which translates into R1 per R1 000 per month. The website also provides a finance calculator that potential clients can use to calculate interest rates and repayment. The application forms are provided online, and consultants will contact you as soon as these are received. Every application is subject to a fee of R300 at the time of writing. Your account can also be managed online, once you have received your bridging finance loan - this one-stop website thus giving you a central area to manage your financing dealings with Smartbridge.

The conditions for obtaining bridging finance are that all the bond and transfer documents need to have been signed, and the suspensive conditions need to have been met. You also need to satisfy the company that there are sufficient funds in the surplus generated by the transaction to be able to repay the bridging loan. Within 24 hours of all the application requirements being met, Smartbridge will make available to you 80% of the profit you have made on the sale of your property. Repayment is required on the date of the property registration.

Smartbridge provides all you with quick access to the cash that you need, without having to wait for months for the sale of your property to be processed. It means you can reap the benefits of your successful sale when you need them, immediately after you`ve sold your property. This allows you to put your money to work, rather than having it tied up in red tape while you wait for everything to be processed once your sale has been agreed. Bridging finance from Smartbridge puts your money where it belongs as soon as possible - in your own hands.