Bridging Company Process
From start to finish
Step 1
Initial Contact
Potential clients can reach out to the bridging company via email, mobile phone, or landline.
Contact information should be readily available on the company’s website or marketing materials for easy access.
Step 2
Provision of details
Upon contact, clients should provide necessary details regarding their bridging finance needs.
This includes information such as the amount of finance required, purpose of the bridging loan, property details (if applicable), desired term, and any other relevant information.
Step 2
Step 3
Indicative terms offer
Once the details are received, the bridging company will assess the information provided.
Within a timeframe of approximately 4 hours, the company will provide indicative terms to the client.
These indicative terms outline the proposed loan amount, interest rates, repayment terms, and any associated fees.
Step 4
Acceptance and Official Heads of Terms
If the client finds the indicative terms acceptable, they can formally accept the offer.
Upon acceptance, the bridging company will prepare the official heads of terms document.
This document outlines the finalised terms and conditions of the bridging loan, including legal obligations and responsibilities of both parties.
Step 4
Step 5
Commencement of Legal Process
With the acceptance of the official heads of terms, the legal process for the bridging loan will commence.
This involves thorough legal review and documentation preparation.
The client may need to provide additional documentation or information as required during this stage.
Step 6
Completion
Once all legal formalities are completed, the bridging loan is ready for disbursement.
The loan amount will be transferred to the client’s designated account as per the agreed terms.
At this stage, the client can utilise the funds for their intended purpose, whether it’s property acquisition, renovation, or any other approved use.
Step 6
Step 7
Ongoing support
Even after completion, the bridging company continues to provide support to the client.
This includes assistance with loan servicing, addressing any queries or concerns, and providing guidance throughout the loan term.
The company maintains communication with the client to ensure a smooth and satisfactory experience.
By following this structured process, the bridging company ensures transparency, efficiency, and professionalism in catering to the financial needs of its clients.
