22/07/2022
Since 16 June 2022, all loans disbursed via BRDGE thus far have been secured through legal charges on various assets, on top of personal guarantees. Secured Loans give BRDGE the legal right to repossess, foreclose on, or otherwise seize the pledged asset to recoup the outstanding balance of the borrower in the event of a default repayment.
Read more about the launch of Secured Loans: https://www.brdge.tech/insights/investing/brdge-launches-new-product-line-of-secured-loans-as-a-result-of-robust-credit-assessment