As the name suggests, a bridge loan helps in bridging financial gaps. The bridge loan meaning is simple to understand – imagine a short-term credit solution that allows individuals or businesses to meet urgent needs before a more fitting solution is found. For instance, consider this bridge loan example: Say your friend wants to buy a new home after selling her existing home. However, she can rely on a bridge loan to buy the new property before her existing one is sold. Keep in mind that a bridge loan comes with high-interest rates and usually requires collateral.
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Fibe's personal loan EMI calculator is your reliable tool to determine your loan EMI in just a few minutes and some simple steps. Fibe offers personal loan of up to Rs 5 lakhs with minimal documentation and quick processing. Coupled with interest rates as low as Rs 9/day, this is by far your most compelling credit option in the market.Get instant loan and also calculate your monthly repayments based on your sanctioned loan amount and interest rates using this handy EMI calculator that's operate and easy to understand. With Fibe, you can even prepay your loan amount with no additional charges.
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