Our bridging loan calculator is designed to help you plan your finances by breaking down the costs of your loan, making it easier for you to decide if a lender is right for you. You’ll find that rates differ between lenders, so our calculator allows you to effortlessly compare your offers.
To use the calculator, simply fill in the boxes with some accurate information and we’ll instantly calculate your results. The information you’ll need to provide is:
There are many reasons why someone might take out a bridging loan, from buying a property at auction to covering the costs of a development project. As such, bridging loans can vary greatly in size. At Positive Commercial Finance we offer bridging loans up to 100% Loan-to-Value (LTV) and can secure funds of anywhere between £30,000 to £100 million.
The interest rate of your bridging loan will affect how much monthly interest you’re charged for until your loan is repaid. For a rough guide, consult the table below to give yourself an idea of how much interest you could be paying for a £100,000 bridging loan:
|Interest rate||Monthly interest|
Typically, you’ll find that most bridging loans are subject to a lender arrangement fee as standard. In most cases, this will amount to 2% of the maximum loan and is an accurate figure to include in our bridging loan calculator. As we’re bridging loan specialists, we’ll naturally work to reduce arrangement fees wherever possible, meaning it’s possible that you could end up paying less.