Our online bridging loan calculator has been designed to make it quick and easy to work out how much you can expect to pay as a bridging finance customer.

How to Use a Bridging Loan Calculator

Bridging loan rates and associated bridging loan fees vary significantly from one lender to the next, which is why a full market comparison should be conducted to ensure you get the best possible deal.

Use our exclusive bridging loan calculator for an overview of the costs of bridging finance or call anytime for an obligation-free consultation and a more accurate quotation.

How Does a Bridging Loan Calculator Work?

Bridging loan calculators work by performing a series of calculations based on the information entered by the user. The main numbers needed to perform a bridging finance calculation include the following:

• How much money you intend to borrow
• Your preferred repayment period
• The value of the asset used to secure the loan
• Choice of monthly interest or rolled up interest
• Approximate monthly interest rate

However, there are additional fees and commissions payable on a bridging loan that are not typically covered with an automated bridging finance calculation. Each of the following will therefore need to be discussed with your broker before applying:

• Property valuation fees
• Administration fees
• Loan arrangement fees
• Early repayment fees
• Exit fees
• Legal fees

Broker fees and commissions should not apply, as they should be directed at the lender – not the applicant.

Who Should Use a Bridging Loan Calculator?

We strongly advise anyone considering bridging finance for any purpose to use a bridging loan calculator before applying, in order to ensure they can comfortably afford to repay the loan. Bridging finance has the potential to be a uniquely cost-effective form of short-term borrowing, though can become expensive if the loan is not repaid in full by the agreed deadline.

A bridging loan calculator should not be considered a 100% accurate or binding indication of actual bridging loan costs. A wide variety of additional factors may influence the affordability or otherwise of bridging finance, all of which will be discussed with your broker during your initial consultation.

What is the Average Interest Rate on a Bridging Loan?

Interest rates vary on the basis of a wide variety of contributory factors, though tend to start from around 0.4% per month with a maximum of around 1.5% per month.

When Does a Bridging Loan Have to Be Repaid?

Most bridging loan specialists are relatively flexible with regard to repayment period length. However, most limit their bridging products to a maximum of 18 to 24 months, before full repayment is required.

What is the Alternative to Bridging Finance?

Depending on your requirements and your financial circumstances, there may be alternative options available that are more suitable than bridging finance.

Your broker will help you choose from the various funding options in accordance with your objectives, which may include one or more of the following:

• A commercial mortgage
• Specialist business loans
• Development finance
• Asset based loans
• Asset refinancing
• Specialist secured loans
• Invoice financing

Call us today for your obligation-free consultation and to discuss your requirements and preferences in more detail.