The benefits of Al Baraka home financing are:
- Low deposit requirement
- No monthly administration fees
- Fixed monthly installments with annual review
- Annual upfront payment option
- Access to equity in freehold
- Flexible term up to 30 years
Why Utua Club recommends you the Al Baraka home finance ?
OAl Baraka residential financing will help you conquer your dream property.
Al Baraka works as follows: you request financing for the property you intend to acquire and the bank’s consultants will help you calculate the installments according to your monthly income.
These installments are revised annually, in order to go through the monetary correction and adjust the values so that your installment remains in values that do not corrupt your monthly budget.
The total term of the financing is 30 years, and during this period you can make amortization deposits that reduce the balance of your financing.
Amortization advances reduce the amount of the debt, without considering the built-in interest rates. In this way, it is possible to also reduce the amount of interest on the total financing, since the amount of the debt will decrease.
Author’s Opinion
Financing is a product designed for the long term, generally available to acquire intellectual property or personal property.
As real estate is a high-cost asset, its acquisition in cash is difficult, and sometimes the right thing to do is to resort to financing.
At Al Baraka, the property financing option is excellent, as corrections are made annually and with your knowledge so that you are not surprised by interest rate increases.
A tip for your pocket
Think that acquiring financing will make you have a commitment for 30 years, every month. It is necessary to think about your financial education even before applying for financing, as this requires an excellent personal financial history. Start analyzing the way you use your money right now and the impacts it has on your history.
The conditions for contracting this financing are very accessible. See what they are right now!
