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“Bridging Finance” refers to a short-term loan typically used to cover a financial gap between two long-term financing solutions. In South Africa, it’s often used in real estate transactions, allowing sellers to access funds from their property sale before completion, or buyers to secure a property while waiting for mortgage approval.
A practical guide to identifying and avoiding loan scams in South Africa, including the most common red flags, how to verify a lender, and what to do if you have been targeted.
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Before taking a payday loan, consider these practical alternatives available in South Africa that may cost less and put less pressure on your budget.
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