Bridge loan, also known as bridge loan, refers to a project in which financial institution A gets a loan, but it is difficult to operate due to insufficient funds, so it turns to financial institution B to issue funds. When A's funds are in place, B will quit. To put it simply, bridge loan is a temporary short-term loan and an effective financing method chosen by the company to alleviate the current financial pressure.

The process of real estate bridge loan is as follows: bridge loan needs to go through the processes of application submission, acceptance review, project evaluation, approval, loan issuance, data archiving, post-loan management and loan recovery.

How to deal with bridge loan?

For borrowers, applying for bridge loan is the same as applying for ordinary loans. After submitting the loan application, the financial institution will audit the user and sign the loan contract after the approval. During this period, the lending institution entrusts another institution with a loan, and after the loan is completed, the other lending institution is responsible for recovering the loan that has been issued. The borrower only needs to repay the loan according to the loan contract. Although there are two lending institutions involved in the loan, it has no impact on the borrower.