FAQ
If you have never taken out bridging finance or maybe just need some clarification on the subject… You are in the right place. We have put together some of the most frequently asked questions by you, our clients, to make the process of getting your bridging finance application processed as quickly as possible!
Who qualifies for Castle Bridge Capital bridging finance?
Does Castle Bridge Finance offer personal loans?
No, we offer bridging finance. The main difference being that the money secured through bridging finance is secured by a lump sum payment due to you. From a Pension fund, provident fund, retirement annuity or even a divorce settlement.
Who qualifies for a loan with Castle Bridge Capital?
Anybody with an approved lump sum payment granted to them within the next 3 to 4 months from a pension fund, provident fund, retirement annuity or divorce settlement.
How long does the loan approval process take?
Once we have received all of the needed documentation and everything is in order, we will process and pay-out the bridging finance within 24 hours. There is no need to wait weeks or months to get access to your funds.
Does a bad credit record affect my loan application with Castle Bridge Capital?
All applications are considered, just because you have a bad credit rating doesn’t mean that you will be denied service from us. Talk to one of our highly trained staff, they will assist you with the process.
Are you registered with the NCR?
Yes, we are fully compliant with the NCR.
How much will I be able to borrow?
Every application is taken into consideration on its own merits. As a general rule, we fund 10% of the total lump sum to be paid out to you. Payouts start at a minimum of R5000.
Do you offer any other bridging loans?
No, we only focus on bridging Pension, Provident and Annuity Fund payouts.
Where are your offices?
Our offices are in Cape Town and we do offer a nationwide service. Please feel free to contact us to be put in touch with our nearest service provider.