Loan Scheme
Welcome to the Property Loan Program
What is a Property Loan?
A property loan is a type of loan provided to help you purchase a property. It can be used to buy residential or commercial real estate. Property loans are typically long-term loans with fixed interest rates. The loan is secured by the property itself, so the lender can repossess the property if the borrower defaults on payments.
Features & Benefits
- Loan amounts based on the property value and your financial situation.
- Competitive interest rates, with fixed or adjustable terms.
- Flexible repayment terms, typically ranging from 5 to 30 years.
- Option to refinance or restructure the loan if necessary.
- Can be used for purchasing residential or commercial properties.
Documents Needed
- Proof of identity (Passport, National ID, or Driver’s License).
- Proof of address (Utility bill, bank statement, etc.).
- Proof of income (Pay stubs, tax returns, or bank statements).
- Property details (Title deed, property purchase agreement, etc.).
- Loan application form filled out with personal details.
Eligibility to Apply for a Property Loan
- You must be at least 18 years old.
- Must have a stable source of income (employed, self-employed, or retired with pension).
- Good credit score, as determined by the lender's policies.
- The property being purchased must meet the lender’s criteria (location, type, value, etc.).
- Must be a citizen or legal resident of the country where the loan is being offered.
- Typically, a down payment or equity contribution may be required.
