Home Loan or Mortgage Loan is a secured real-estate bank loan. The mortgage is placed when the owner decides his right to a property as collateral or collateral for a loan. The purpose of a mortgage loan may be: buying an apartment or a home, buying a shop, reconstructing (home / shop) or furnishing.
Mortgage loans have interest rates and are expected to depreciate over a period of time.
Mortgage loans are structured as long-term loans, periodic payments that are similar to an annual pension and are calculated according to the cash value formula on time.
There are two main types of mortgage loans: mortgage loans with a fixed and variable interest rate. The combination of a fixed and variable interest rate (fixed rate for a fixed and variable period after the end of this period) is also used.
For floating rate mortgages, interest is periodically determined on the basis of the market index.
Credit can be liquidated in various ways
But the bank currently offers liquidity of the loan through fixed monthly installments.
Monthly installments include the equity element (return on equity) and interest. The amount of capital included in the installment varies throughout the term of the mortgage loan.
The types of credit our bank currently offers are:
- Mortgage Loans for Buying Real Estate
- Mortgage Loans for Any Purpose
- Mortgage Loans for Re-financing an Existing Loan Received at Another Bank
The main target customers for this product are individual customers who want to buy a residential property.
As a condition to get a loan you should have a good history in the credit registry and good income.
The category of target customers follows:
- Clients with a good history and good reputation
- Customers with regular and stable income
In this framework, loans can be offered to families, young couples or young people who buy their first home, couples who buy a larger home or a second home, or a shop etc.