Rating based on 17 reviews

Bridge Loans

  • Pension bridging loans up to R7,100
  • Quick loan top-up
  • Repayment up to 6 months

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Author Bridge Loans. Screenshot of Bridge Loans website.
[Accessed January 24, 2023]

About Bridge Loans

Waiting for your provident fund to payout can be nerve-wracking.

Bridge Loans have come up with a solution that will save you time and give you the finances you need to get on with things. The pension bridging loans they offer are easy to apply for and affordable.

If you have a provident fund, your retirement, retrenchment or even resignation is the start to the next phase of your life.

However, the waiting period between filling out the forms to receive your pension and the actual payment can be up to 90 days.

You can use your pension bridging loan to cover the bills in the interim, pay off some outstanding debts, or fund a long overdue trip to the coast.

Understanding pension bridging loans

Pension bridging loans are by definition short-term loans that use your pending pension payout as security that you can pay back the loan. Bridge loans allow you to pay back your loan amount in one instalment or over six months.

The interest rate on short term loans may be slightly higher than what you would pay on a long term loan.

You can make up for higher fees by choosing a shorter repayment term. The shorter the term, the fewer monthly fees they'll charge you.

Quick top-ups available 

You can apply for between R300 and R7100. Bridge loans also allow you to top up your personal loan at any point. Their simple three-step application process can be done online or on an app on your phone.

Simply fill out a quick application form on their site, and you'll be contacted by one of their call centre agents who will provide you with all the relevant information to continue the process.

Bridge Loans Services

The service you receive from Bridge Loans is simple.

They provide you with a quick loan that is both easy to obtain and built specifically to help you through the gap between your last salary and your pension payout.

Pension bridging loans are secured loans

This means that the lender knows, for a fact, that you'll in future have the funds to repay the loan. In many cases, the security you offer to the lender can be in the form of property, vehicles, or other valuables that exceed the value of the loan you are applying for.

Pension bridging loans only accept a pension or provident fund payout as security. You'll be a much better deal with lower fees and rates on a secured loan because lenders see you as a low-risk investment. They know you can repay the loan, and if you don't, they have the assurance that they can claim the default fees from you.

The role your credit will play

A bad credit record may work against you when applying for a pension bridging loan. As all lenders do, Bridge Loans will ask you to consent to a credit check. Your credit record will affect the interest rate you'll be charged. Again it comes down to risk assessment.

If you have the luxury of time, clean up your credit report by checking it to see that there are no mistakes. If you find that the information on your credit report is incorrect, follow the prescribed channels and have it corrected. The next step is to pay off overdue accounts and as many of your outstanding debts as possible.

Fees that might be included in your loan:

  • Interest 
  • A monthly fee calculated as a percentage of your loan amount
  • Initiation fee
  • Once off fee also calculated as a percentage of the total loan amount
  • Administration fee
  • Set monthly fee to cover administration costs

Bridge Loans – Pension bridging loan

  • Loan Type Pension bridging loans
  • Loan Amount up to R7,100
  • Repayment 1 month to 6 months

Benefits of Bridge Loans

  • Expert bridging finance
  • Get a loan in 3 easy steps

Pension bridging loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This pension bridging loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Make Let Bridge loans take the give you peace of mind while you wait

Applying for your pension bridging loan is easy when you make Bridge Loans your lender of choice.

Follow the instructions on their website and let their competent consultants take care of the rest.

The benefits of a pension bridging loan from Bridge Loans:

  • A fast online application process
  • Flexible loan terms
  • Friendly efficient service
  • Fast turnaround time
  • Affordable fees and rates

Short term secured loans to suit your needs

The initial online loan application form is simple; you're required to provide your basic information. There is a section you can fill out with a message or a query.

When you submit this form, it will be sent to the consultants, and they will get back to you by phone or email to discuss your request. You will be asked to provide Bridge Loans with the paperwork necessary for them to process your application.

Possible documentation requirements:

  • Your S.A ID
  • Bank statements dating back for the last 3 months
  • Your most recent payslip
  • Proof of residence

The last statement you received from your provident fund provider with the required information
When applying for a pension bridging loan, you need to find a lender who offers you the best product at the best rates. Bridge Loans offers you this and so much more. You don't need to suffer in silence, apply for your pension bridging loan online now!

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Bridge Loans is a trusted & reliable provider of pension bridging loans

In our review, Bridge Loans adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ Bridge Loans is a registered credit provider in South Africa: NCRCP6317

Customer Reviews & Testimonials

September 2020

I found Bridge Loans a pleasure to deal with. Their customer service is first-rate, and I recommend them.

Kimberly H
— Cape Town —

September 2020

Thank you Bridge Loans! I really didn't know what to do after I was retrenched and the provident fund wasn't paying out fast enough. I'm glad I found you online.

Themba F
— Pretoria —

April 2020

I made it all the way to retirement and then found myself in a fix when the fund took its time paying out. Bridge loans sorted everything out for me and got me through the waiting period.

Neil G
— Port Elizabeth —

Bridge Loans Contact

Physical Address

  • Shop 2.29, 1st Floor, Sammy Marks Square, 330 Church St, CBD Pretoria 0001 South Africa
  • Get Directions

Opening Hours

  • not available