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What is BRidge Loan?
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Answer / praveen
Bridge Loan is a loan taken by the borrower of a bank or
financial institution which is the lendor to the
borrower.The loan taken to meet the requirements in the
period between the approval,sanction and disbursement of
the loan.It carries a higher rate of interest than the
normal one.It is generally adjusted or set-off against the
loan disbursed.
| Is This Answer Correct ? | 9 Yes | 4 No |
Answer / aditya
it is a loan given to provide finance for stop gap arrangement pending formal approval of loan
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Answer / shekhar
bridge loan known as bridge finanace its a shoort loan less
than 6 months
| Is This Answer Correct ? | 1 Yes | 4 No |
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