BRDGE P2P Lending Reviews and Comparison - Seedly
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BRDGE P2P Lending

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  • Reviews (166)
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P2P Lending/BRDGE P2P Lending
P2P Lending/BRDGE P2P Lending
4.7
166 reviews
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Claimed

This product is managed by BRDGE.

USER RATINGS

User Experience

4.6

Portfolio Transparency

4.6

Customer Support

4.4

Quantity of Deals

3.9

Quality of Deals

4.5

BRDGE P2P Lending

15% on interest earned

INVESTOR FEES

$1000 per campaign

MINIMUM INVESTMENT

0.077%

DEFAULT RATE (2019)

BRDGE P2P Lending

15% on interest earned

INVESTOR FEES

$1000 per campaign

MINIMUM INVESTMENT

0.077%

DEFAULT RATE (2019)

Details

BRDGE Review 2021

BRDGE, previously known as Seedin, is a MAS licensed P2P lending platform that aims to connect businesses to alternative sources of funding.

At the same time, it's also a platform for investors seeking to diversify their investment portfolio.

Based on the reviews left on Seedly, many users have commented that BRDGE is a credible platform with a user-friendly interface, has a diverse range of portfolios to choose from, and an overall low default rate.

As an investor on BRDGE, you will fund short-term loans and receive risk-adjusted returns of between 5% to 17% p.a. repaid monthly. To start investing, the minimum investment for BRDGE is S$1,000.

BRDGE Investors can get to choose the type of businesses they prefer to fund according to the level of risk while businesses can choose what type of financing they require. BRDGE will then help match these 2 parties accordingly. It's really that simple!

Read More about BRDGE P2P Lending
Reviews (166)

4.7

166 Reviews

  • 5
    124
  • 4
    31
  • 3
    7
  • 2
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  • 1
    1

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Most HelpfulMost RecentLow to HighHigh to Low
pinned

Pinned by BRDGE

    Updated on 24 Nov 2020

    Purchased

    BRDGE P2P Lending

    Good options to diversify portfolio and grow your money. I am glad that I had know this. Rather than keep the money at the bank, monthly interest payoff can help to pay small monthly bills.

    0

    Post
    Updated 11h ago

    Purchased

    BRDGE P2P Lending

    [Portfolio Diversification] A wide spectrum of industry to invest in which cater to my choice. [Lending Experience] Simple easy to use interface that give me a very passive experience when investing my spare cash. I like it. Overall looking forward to more Deals to invest in.

    0

    Post
    Updated 4w ago

    Purchased

    BRDGE P2P Lending

    System hang, can't reach website since I have signed up nearly a month ago. I tried in app and still the same problem

    2

    Eve

    2w ago

    Customer service was great, made several follow ups to make sure issue was resolved. Good job
    BRDGE

    BRDGE

    profile

    2w ago

    Hi Eve, Thank you for your feedback. We're so glad that your login issue has been resolved.  Looking forward to your participation in our upcoming deals! Happy investing ! Cheers.
    Post
    Updated on 18 Dec 2020

    Purchased

    BRDGE P2P Lending

    I did not get any allocation of the deal so far even I had turn on the Auto Invest option, very disappointing

    2

    BRDGE

    BRDGE

    profile

    2w ago

    Hi Seng Chong, sorry to hear that you're unable to participate in the deals via auto invest. The main reason why investors did not get an allocation is due to smaller loan size . 3 examples as shown below:  1)Loan quantum : $30,000 2)Loan quantum :$100,000 3)Loan quantum: $20,000  Total Amount = $150,000 As Auto Invest allocates 70% of the deal amount per deal, 30% will be open for manual investing. Minimum Investment of $1,000 $30,000 x 70% = $21,000 (21 Investors Can be Allocated) $100,000 x 70% = $70,000 (70 Investors Can be Allocated) $20,000 x 70% = $14,000 (14 Investors Can be Allocated) Total Investors that can be allocated = 105 Smaller deal size vs the number of investors on the platform will result in a limited number of investors that can be allocated. More information can be found via http://faq.brdge.tech/en/articles/1851010-how-does-alfred-auto-invest-work We are striving to provide more creditworthy deals for our investors, this is of utmost importance to us. However we need to stay prudent to provide quality deals for our investors. Please reach out to us via live chat at https://www.brdge.tech or email [email protected] if you have any further queries. Thank you!
    Seng Chong Boon

    Seng Chong Boon

    4d ago

    Hi There, Even I had set Alfred Auto Invest for all your deal, I get none of deal so far for coming to 9 months. Therefore, the latest deal which happened yesterday, I decided to do a manual invest. Guess what? To no available also, so I decided to withdraw my funds rather than wasting time and opportunity parking my money with BRDGE!
    Post
    Updated on 09 Dec 2020

    Purchased

    BRDGE P2P Lending

    BRDGE is easily understandable and easy to use as a means of diversifying investment portfolio. The number of deals on the platform can be low so always have to be on the ball with my notifications switched on when a deal is available. However, they do get snapped up really quickly, but the auto-invest feature helps in allocating some deals. Have missed out on a couple though but overall happy with the platform. Would recommend to check out if curious about crowdfunding.

    0

    Post
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BRDGE for Investors

Here are the benefits and features of investing with BRDGE:

  • Investors can get up to 5% to 17% p.a. of returns paid monthly
  • At BRDGE, investors can choose the types of diverse loans to fund and their respective tenure - from Real Estate Development to Marketing and Communications over a course of 3 to 24 months.
  • The short tenure is ideal for investors looking for shorter term investment opportunities.
  • Choose from a variety of markets from Singapore, Taiwan, Philippines to Cambodia
  • There has been 100% repayment rate to investors since 2013 with the default rate under 1%
  • Additionally, investors get paid monthly which means not having to wait for the loan maturity.
  • If a Borrower fails to make full repayment, BRDGE can charge a late fee which would then be split between the itself and the funders
  • It is a safe and reliable platform licensed under MAS; however, returns on investments and capital are not guaranteed as they are not SDIC protected.

Risk Level

% Returns

Tenure

Interest payment method

High

11%-12%

1 -24 months

  • Reducing Balance
  • Balloon Payment

Moderate

9%-10%

1 -24 months

  • Reducing Balance
  • Balloon Payment

Low

7%-8%

1 -24 months

  • Reducing Balance
  • Balloon Payment

Rate of Returns for Investors on BRDGE

How to Invest with BRDGE?

Individual investors have to be at least above 18 years old, with a valid mobile number, documents, and an eligible local or foreign qualifying full bank account.

Corporate investors have to be incorporated in Singapore, with a valid mobile number and an eligible local or foreign qualifying full bank account.

To create an individual investor's account:

  1. Register online, provide any relevant personal details, and agree to the risk disclosure as well as platform agreement
  2. Wait up to 3 working days for your KYC Approval
  3. Top-up at least S$1,000 to begin investing, when your account is open

After a successful crowdfunded loan, a loan agreement will be created between investors like you and the business.

If the crowdfunding campaign is a bust, your funds will be released back to your account and you can try again after doing your analysis of the various SME loans and portfolios out there.

BRDGE For Borrowers

Sometimes businesses need a little help with cashflow for things like inventory, equipment costs, unexpected expenses or even expansion. BRDGE can help match those seeking short-term business loans with a pool of willing investors.

Here are some of the features of BRDGE for Business Financing:

  • BRDGE provides loans in the form of business loans. It helps businesses boost cashflow easily through BRDGE's flexible and fast p2p financing.
  • BRDGE is more likely to fund SMEs than other traditional financiers like banks.
  • Additionally, the repayment of loans is done via fixed rates so there will not be additional hidden costs.
  • Investing can be done through a corporate entity or just individually
  • More about BRDGE for lenders:

Repayment Term

1 to 24 months

Type of Rate

Fixed Rates
No hidden fees, simple and transparent

Early Pay Off

No penalty for early repayments

Fund Amount

from $20,000 to $5,000,000

Minimum Investment and Fees for BRDGE

The minimum investment for BRDGE is $1,000.

Risk Management Fee: 15% of all fees earned

Account Management Fee: S$88

Withdrawal Fee: There are no fees required to withdraw your funds from BRDGE

Success Fee: 3% - 5% p.a. for every successful crowdfunding exercise. (For Borrowers only)

Contact BRDGE

  • Tel: 6916 1799
  • Email: [email protected]
  • Address: 57 Mohamed Sultan Rd, #03-05, Sultan-Link, Singapore 238997