Bridging Loan
#1
Bridging Loan
Is there such a thing in UAE or does anyone know best way to go about it for about 6 weeks?
#2
Re: Bridging Loan
Alternatively if the amount is small (250,000), you could ask for an overdraft facility - typically 2.5-3 times monthly gross (only fixed allowances counted).
However, if you are a priority customer/private banking customer then the good banks ( !) are more than willing to accommodate such requests.
Last edited by IndieG; Apr 8th 2008 at 2:10 am.
#3
Re: Bridging Loan
Thanks IG, looking at about 800k for as I said about 6 weeks. Currently have a/cs with HSBC. Had heard that it was almost impossible to get a loan over such a short period but thought I would ask to see if anyone knew.
#4
Re: Bridging Loan
Not really impossible......get the employer to write - requesting them to 'assist' him - they might do it for EK
Last edited by IndieG; Apr 8th 2008 at 2:05 pm.