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We are a Financial Solution Firm with expertise in Mortgage, Real Estate, Property Management, Insurance, Business Loans, Corporate Facilities, Business Setup, and IT Solutions. We provide our clients with the best guaranteed price in the market and expert consultation from start to end by understanding our client’s requirements.
We are in a position to offer the right financial solution considering both the short and long-term profits, low-interest rates, fees, and terms of the contract, from the many exclusive offers available in the market with utmost transparency.
Pre-Approval Will Take 3 to 4 Business Days - After Completing the Documentations and Signing
Pre-Approval Will Take 5 to 7 Business Days - After Completing the Documentations and Signing " After Bank submission"
After Completing the Property Evaluation
Valuation Report will take 3 to 4 Working Days
After Completing Pre Approval Conditions Final Offer Letter will Take 3 to 5 Business days to generate for Customer Review
After Signing Final Offer Letter / After Account Opening & Funding
Loan Disbursal Will Take 3 to 4 Business Days
Bank confirming that documents checked and loan disbursal under process
It can take 2 business days and can go up to 2 weeks depending on the transaction type.
a) First 3-4 working days will take to settle either client liability letter
b) Then 7-10 working days will take to receive clearance letter from respective banks
c) Finally Transfer can be scheduled with original clearance letter and developer NOC
7-10 working days after loan booking
a) First 3-4 working days will take to settle either client liability letter
b) Then 7-10 working days will take to receive clearance letter from respective banks
c) Mortgage Registration
Depend On the Bank – Transaction Doing by Mortgage Registration Day by Cheque
Most banks will calculate affordability slightly differently, but a general rule of thumb is that they will take only 50% of your monthly income into account when calculating this.
From this 50%, they will then deduct any other credit commitments you have (e.g. car loans, personal loans and approximately 5% of all your credit card limits), to work out your maximum affordability.
They will then carry out a stress test by applying a stress rate of interest which varies between 3.5% to 8% depending on the bank.
The aim of this is to confirm that you will still be able to afford your mortgage repayments if the interest rates were to increase to the test level.
Some banks will allow an element of the cost for purchasing a property You can find out about the cost of purchasing a property and the fees you may be required to pay as part of the process.
Flat and reducing rates of interest are two methods of how interest can be calculated on a mortgage.
A flat rate of interest is where the rate of interest to be paid remains the same for the duration of the loan as it is always calculated against the original amount borrowed (principal).
A reducing rate of interest is where the amount of interest to be paid takes into consideration the repayments that have been made, so it is calculated against the remaining loan amount or outstanding balance, rather than the original principal amount.
Freehold is where you purchase the property in full (whether utilizing a mortgage or in cash), so you own the property itself and the land that it is on. Leasehold is where you purchase the rights for the property for a limited period of time, normally for about 99 years.
A conventional mortgage is where your loan repayments will include paying a rate of interest to the bank, this is their profit for lending you the funds.
An Islamic mortgage differs from a conventional mortgage because under Shariah Law it is forbidden to charge interest on a loan, so in this case, banks will buy the property on your behalf and rent or lease it back to you for a profit.
