Pension Bridging Finance
A Pension Bridging Loan is a financial solution that provides cashflow while awaiting a pension lumpsum payout. It is designed to meet immediate cashflow needs without waiting for your pension lumpsum payout.
Key Features of a Pension Bridging Loan
- Bridging Cash: Borrow up to 10 % against your pension payout.
- Repayment: Pay back your bridging loan when your pension lumpsum pays out.
- Interest and Fees: Standard rates as per the National Credit Regulator are charged.
- Eligibility: Available to people expecting a lumpsum pension payout.
Benefits of a Pension Bridging Loan
- Immediate Access to Funds: Address urgent expenses like medical bills, home renovations, or debt consolidation without delays.
- Flexibility: Use the funds for any purpose, as long as it aligns with the loan agreement.
- Potential Interest Savings: May be more cost-effective compared to other loan types, depending on your financial situation
Why Choose Chynge Finance?
At Chynge Finance, we specialize in brokering bridging finance solutions tailored to your needs. Our Lenders’ Pension Bridging Loans are designed to help you bridge the gap between now and your pension payout, with transparent terms and fast approvals.
Apply Now or contact us today to learn how a Pension Bridging Loan can work for you.
BRIDGING FINANCE FEES & INTEREST
The lenders we collaborate with charge interest and fees as prescribed by the National Credit Act and regulated by the National Credit Regulator.
Summary of Fees (Example)
Short term transactions @ 5% interest p.m.
Unsecured transactions @ 28.5% p/a or 2.38% p.m.
Service fee: R60 p.m. + VAT = R69 p.m.
Initiation fee: R165 on first R1000 capital + 10% on total capital above R1000, to a maximum fee of R1050 + VAT = R1207.50
We Negotiate the Best Deal for You
Chynge Finance has been a trusted finance broker serving clients across South Africa since 2004. We collaborate with leading financial institutions to secure the best deals on bridging loans tailored to your needs.