A property loan from Barita Merchant Bank helps to take the hassle out of buying your dream home or other property. With this loan, you’ll be able to purchase a home or property or do improvements on the home you already own.
Home Equity Loans
You’ve invested in your home, now it’s time for your home to return the favour. A home equity loan lets you use the equity you’ve built up in your home, as collateral. Think of your home as a symbol of your responsibility. The more of it you own, the more you can borrow.
Who can get a Home Equity Loan?
- If you own your home or property
- If you are employed with good debt servicing record
Benefits of a Home Equity loan
- Access cash from the value of your home/property
- Low interest rates and fees
- Your maximum tenor is either: up to 30 years or the number of years left to retirement (age 65), whichever comes first
- Minimum Loan Amount – $100,000