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BRDGE P2P Lending

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BRDGE P2P Lending Logo
4.1
251 reviews
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This product is managed by BRDGE.

Summary

Product Page Transparency

  • Claimed in November 2020
  • Pays to access additional features

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!

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Summary

Product Page Transparency

  • Claimed in November 2020
  • Pays to access additional features

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!

...see more

BRDGE P2P Lending

15% on interest earned
INVESTOR FEES
$1000 per campaign
MINIMUM INVESTMENT
2.55%
DEFAULT RATE (2020)

BRDGE P2P Lending

15% on interest earned

INVESTOR FEES

$1000 per campaign

MINIMUM INVESTMENT

2.55%

DEFAULT RATE (2020)

Reviews (251)

4.1

251 Reviews

5
157
4
40
3
11
2
6
1
37

Service Rating

User Experience

3.8

Portfolio Transparency

3.7

Customer Support

3.6

Quantity of Deals

3.3

Quality of Deals

3.4

      Posted 08 Sep 2022

      Purchased

      BRDGE P2P Lending

      [Customer Support] & Lending Experience So far my experience with BRDGE has been great. Was invited to their small group monthly “Meet and Greet with the Management” on 2 Aug 2022 after COViD SMM was loosened and was able to speak with their CEO and team members face to face. Their track record has been good , unfortunately heard from you guys the recent case(s) of default, which I supposed they are working hard on them. I was referred to BRDGE by a colleague who has good experiences in the past years with 1 case of delayed payment - he got repayment back but the company needed some time. The BRDGE team was also very responsive to my questions via WhatsApp after the meeting. Their liaison officer in charge, has been helpful and direct my queries to the right person in their team. I don’t think the company is here to upset investors like you and me. They are helping small investors like us to make a decent return on our hard earned money with some risks involved. As long as you don’t put your entire life savings into one company but spread out your “loan” to different companies, it should be fine when one company delays or defaults in their payment. Trust that the BRDGE team is working hard on them. “Thrashing” the company down by all these postings is not constructive and helpful to anyone of us who has placed a stake in some “lending” to companies that has been faithfully paying their dues. Please make appointment to see them face to face at their office. [Customer Support]

      0

      What are your thoughts?

      Posted 07 Sep 2021

      Purchased

      BRDGE P2P Lending

      Great customer support. Very quick and responsive. Platform is user friendly also, which is very easy to use.

      0

      What are your thoughts?

      Posted 03 Sep 2021

      Purchased

      BRDGE P2P Lending

      Have been using this platform for 3 years. So far the deals they offer are quite good. Would recommend others to use

      0

      What are your thoughts?

      Posted 03 Sep 2021

      Easy to use. Transparent. Earns extra cash for me safely! Peace of mind not to worry if my capital will be lost after investment.

      0

      What are your thoughts?

      Posted 02 Sep 2021

      Purchased

      BRDGE P2P Lending

      I have been with Seedly or Brdge for more than 2 years and so far only experience 1 default case (through my own due diligence of screening out risky deals), the only downside is the browsing through of history deals can be made more user friendly.

      0

      What are your thoughts?

      Posted 02 Sep 2021

      Purchased

      BRDGE P2P Lending

      Ease of use and simple & neat UI making the lending experience pleasant. In the App provided risk assessment of borrower so that you could better manage your risk appetite. Have been using the platform since they founded, trust brand and responsive customer support

      0

      What are your thoughts?

      Posted 30 Aug 2021

      Purchased

      BRDGE P2P Lending

      [Portfolio Diversification] Good way to diversify portfolios and help SMEs as well. [User Friendliness] Number of deals on the platform is increasing. However, it is sometimes difficult to get the deal you want without using auto-invest.

      0

      What are your thoughts?

      Posted 25 Jul 2021

      Purchased

      BRDGE P2P Lending

      I've used this for >1year, great for passive incomes. Increasing number of deals as well. customer response is great. Will highly recommend.

      0

      What are your thoughts?

      Posted 25 Jul 2021

      Purchased

      BRDGE P2P Lending

      [Risk Assessment] the risk factors were laid out. after a few deals, it is clear what risks are involved, so investors are going in with eyes wide open.

      0

      What are your thoughts?

      Posted 24 Jul 2021

      Purchased

      BRDGE P2P Lending

      [User Friendliness] easy to navigate and easy to monitor. Platform support is very effective too, replies are fast & solve the issues rasied

      0

      What are your thoughts?

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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
      • Address: 57 Mohamed Sultan Rd, #03-05, Sultan-Link, Singapore 238997
      • Visit BRDGE official website for more information

      Contact us at [email protected] should you require any assistance or spot any inaccuracies.