Bridging Loan Calculator

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.

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How to use our bridging loan calculator

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.

Monthly interest rates

  • Up to 40% LTV – 48% per month
  • 40% to 50% LTV – 53% per month
  • 50% to 65% LTV – 63% per month
  • 65% to 70% LTV – 69% per month
  • 70% to 75% LTV – 84% – per month

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:

  • Gross loan amount – the combination of the bridging loan amount and the facility fee charged by the lender.
  • Monthly interest charged – how much interest will be added to the loan on a monthly basis, calculated in accordance with the total loan amount and the facility fee. Again, interest rates vary from one service provider to the next.
  • Total interest if loan runs full term – the total interest added to the loan in its entirety, should the loan run the full course of the agreement. If the loan is paid back earlier than planned, the total interest payments may be reduced.
  • Gross loan amount with roll up interest – this provides an indication of the total cost of the loan, by combining the gross loan amount with the total interest figure. Essentially the total cost of the loan, if the loan runs full term as agreed.

Other Bridging Costs

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.

  • Valuation fees – payable where valuations are required and are established in accordance with the location, value and type of property being valued.
  • Lender’s administration fees – variable from one lender to the next and are typically paid upon completion of the loan.
  • Lender’s legal fees – deducted from the loan in advance.
  • Exit fees – most of the lenders we deal with don’t charge any kinds of exit fees whatsoever. However, some lenders in some instances may charge exit fees as high as 1% of the total loan amount.
  • Monthly interest charges – calculated based on the information provided for the loan rate and also the fee amount.

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.