100% Bridging Loan Singapore: Pledging Shares to Fund the Full Purchase Price

You have an Option to Purchase that will not wait, and the cash for completion sits in listed shares, not in a current account. Selling the book to raise a deposit would be a forced trade. A bank will not write 100% of the price against the property alone.

A 100% bridging loan in Singapore is not a no-deposit mortgage on a single asset. Private lenders still take a first charge, typically up to 70% LTV. The rest of the cheque is extra security: often a pledge over a listed share portfolio.

That facility is for accredited investors and corporates with a real exit, and it is not a promise that every file funds.

Why 100% on one Singapore property does not exist

Banks still apply the TDSR framework to declared income, and they cap LTV well below the full price. We are not a bank and we are not bound by TDSR. Even so, we will not fund 100% against a single charge.

A first charge at up to 70% LTV leaves a cash gap. That gap is equity or extra collateral. For a 100% bridging loan enquiry, the real question is how to fund the whole cheque without selling the shares you already hold.

Cross-collateralisation is usually the answer, including on landed stock such as GCB bridging loans. The bungalow is primary security, not a blank cheque.

How pledged shares close the purchase-price gap

The property takes a first charge. Shares listed on the Singapore Exchange take a pledge for the residual, after a haircut; which shares and haircuts apply are considered case by case, subject to terms. Haircuts exist because prices move. A diversified, liquid book is what we look for: Rikvin does not lend against concentrated or thinly traded holdings.

Worked numbers help. On a $12 million purchase, 70% LTV supports $8.4 million against the property. The remaining $3.6 million sits on pledged stock. Stamp duty (BSD, plus any ABSD that applies to you) is not funded by the facility and has to come from your own cash at completion.

At an illustrative 40% haircut you need about $6 million of listed shares, not $3.6 million of face value. That is combined-security maths, not 100% LTV.

Interest can be rolled up so the facility does not have to be serviced from income during the tenor. Drawdown is typically about two weeks once valuation, KYC and source of funds are in order. If those shares already sit in a margin account, say so: a second pledge is not a clean charge.

Compare that with short-term borrowing against Singapore shares before you encumber the same names twice. If the OTP expires inside a fortnight, speak to our team before the option lapses.

When a 100% structure is the wrong tool

Use it when you are an accredited investor or a corporate, the share book is liquid and largely unencumbered, and the exit is a contracted sale or a refinance you can evidence. The tenor is 3–24 months. It costs more than a bank term loan because speed and structure are the product.

Do not use it if the shares are unlisted, already pledged, or a single illiquid name. Do not use it if the exit is a hoped-for bank take-out with no term sheet in sight. Rikvin Capital is a direct private lender, an excluded moneylender under the Moneylenders Act, and we lend only to accredited investors and corporates.

The main risk is a fall in the pledged stock while the property exit is still open. A top-up may be required, and if you cannot meet it, both the shares and the property are in play.

Our process is built around valuation and due diligence, not a verbal yes. Related: see our Binjai Park GCB bridge.

A weak exit is still a weak file. Using property equity instead of the TDSR test does not help if there is no path to repay.