Mortgage Loan Refinancing

Apply for a loan

• • Loan Purpose: Refinancing of existing mortgage loans which were originated for acquisition and/or renovation of a residential property.
  • Loan Amount: Starting from $10,000  but not more than 75% of appraised property market value.
  • Loan Term:10-15 years.
  • Interest Rate: Fixed interest rate starting from 9% per annum.
  • Income: Sufficient and stable income.
  • Insurance: Personal accident and property insurance coverage is required.
  • Closing Fee: 1% closing fee is charged from originated loan amount but not less than 75,000 dram.
  • Prepayment Penalty: Full or partial loan prepayments are permitted during the 1st and 2nd years of loan servicing, subject to 1% penalty of the amount prepaid. No prepayment penalty will be imposed effective from the 3rd year of the loan servicing
  • Default Payment Rates: The Borrower should pay a late payment fine equal to 0.13% of the amount due per day when the Borrower defaults on any consecutive loan and/or interest payments .