B
Loans
Bridging Loan
You want to buy a new house but your old one hasn't sold yet. Or you're waiting on a big payment that's confirmed but not in your account. A bridging loan is short-term money to bridge that gap — usually 3 to 12 months. Interest is punchy because it's temporary and risky.
Usage Examples
"Mpho and Thandi bought a house in Johannesburg while waiting for their KZN property to sell. A R400,000 bridge sorted them for six months."
"Bridging loans are expensive — they're banking on you getting the long-term money soon. If that doesn't happen, you're in trouble and the interest keeps stacking."
"Rule one: never take a bridging loan unless you absolutely know the repayment cash is coming. Guessing wrong here can wreck you."