Donkey Finance is proud to offer a simple yet innovative bridging loan calculator, providing an overall insight into total borrowing costs. However, as we have such an extensive network of lenders spanning the United Kingdom, arrangement fees, interest rates and total borrowing costs vary significantly. As an independent broker, Donkey Finance works hard to provide every borrower with the best possible deal for their own unique circumstances.
If you are struggling to obtain a quote or would like to discuss your quote, please get in touch or call us on 0116 464 5544
In bridging finance, monthly payments are not normally required unless requested. Instead the borrower receives the net loan amount and on repayment of that loan also repays any interest generated whilst the loan was outstanding.
***** Rates quoted are subject to status
****** Early repayment charges may apply on certain products
**** Prices quoted on these sheets are not liable for VAT
If looking for a fast bridging loan quote and an indication of typical borrowing costs, simply enter the amount you wish to borrow along with the applicable monthly rate of interest – set by default at 0.54%. You’ll find the information you need to set the appropriate monthly rate of interest below.
You will also need to enter the facility fee, which is set to 1% by default. If looking to borrow up to £200,000 please enter 2%, above £200,000 and up to £1 million please leave at 1% and for loans above £1 million please enter 0.5%. Once again however, it’s important to note that facility fees vary significantly from one lender to the next, in accordance with the loan amount and the financial circumstances/overall situation of the borrower.
Once you hit the ‘calculate’ button, we’ll provide you with a bridging loan quote. Below is a brief summary of the following key loan information you will be presented with:
The table below resembles a typical bridging loan repayment rate of 0.44%, over a 12 month term exc. broker fees
|Bridging Loan Amount||Repayment Amount (excl. broker fees etc)|
|Bridging Loan Amount||Loan Repayment Amount|
It’s important to remember that all bridging lenders operate in different ways and attach different fees and charges to their products. Which is precisely why the Donkey Finance team has worked hard to build an extensive network of lenders from across the United Kingdom. If looking to gain an accurate and competitive quote on a bridging loan for any purpose, get in touch with a member of the Donkey Finance customer service team today.
For more information on any of the fees or charges attached to your fast bridging loan quote or any of the services we provide, get in touch with the Donkey Finance customer service team today.