Swift Finance

Swift Finance is an efficient, accessible and convenient way of meeting all your short-term liquidity needs. With this, you don’t have to liquidate your long-term savings and investments set aside to meet your future financial goals.

Take advantage of the salient features available with Swift Finance:

• Financing up to 85% of your collateral amount
• Avail facilities at the most competitive rates in the market
• Markup charged only on the amount utilised and only for the number of days it is utilised
• Get your financing amount disbursed into your account in 7 working days *

Ready Cash

Standard Chartered's Ready Cash is an evergreen personal line of credit that gives financial power with unmatched freedom and flexibility. It is a credit line facility that provides a bank account maintained with Standard Chartered, from which customers can withdraw cash up to a pre-approved limit using their ATM Card or cheque book.

With the low mark up and no restrictions on where and how to spend, Ready Cash is bound to improve your lifestyle. So whether it is payment of bills, purchase of appliances, renovation of your home, the much desired vacation with friends and family or short term business needs or just about anything, Ready Cash is the ultimate answer to all your pressing financial needs!

Ready benefits available to you on Ready Cash:

• Instant Credit up to Rs. 500K:
  Simply meet the eligibility criteria and you can receive an instant credit line of Rs. 50,000 to 500,000. Your credit will be automatically transferred into your Ready Cash account. You would also receive your VISA Debit / ATM card and cheque book – giving you the freedom to use it as and when you require.
• Lowest Mark-up:
  With the mark up lower than any credit card, personal loan or balance transfer, Ready Cash lets you spend heavily and still feel light.
• Pay as You Utilise:
  Standard Chartered's Ready Cash offers the freedom of revolving your credit on a daily utilisation basis. This means that you pay markup only on the amount you utilise and for the number of days you use the credit.
• No Penalties on Early Repayment:
  With Standard Chartered's Ready Cash we put your convenience first, which is why you are free to repay as and when you feel like. There are no penalties whatsoever on early repayment.

Home Purchase

Turn your dreams into reality with Standard Chartered Home Purchase. With Standard Chartered Home Purchase you can purchase residential ready property for the purpose of self-occupation.

Standard Chartered Home Loans gives you the unique feature of reducing your principal balance through partial and full pre-payments. This allows you to reduce your overall mark-up costs as and when you have access to additional funds. For the convenience of our customers our highly skilled relationship managers make it an easy process. We will disburse your loan within 15 days, provided that all the relevant documents are submitted on time.

With Standard Chartered you can own a house to call it a home. Choose your dream home and let us do the rest!

Salient features for a smooth Home Purchase experience for you:

• Repayment tenor of 1 to 20 years
• Loan to value up to 80 % of the property value
• Minimum Net Income as low as PKR 20,000 per month
• Markup rates for Mortgage Loan for Salaried is 17.00% & Self-employed is 17.50% per annum
• To avail higher loan amount Standard Chartered Home Loans offers you the option of clubbing the income of your spouse and blood relatives
• Minimum age of the primary borrower should be >=25 years. Incase of co-borrower the secondary borrower should be either >=21 if income is being clubbed or >= 18 if income is not being clubbed

Home Loans Repayment

hIt is a well-known fact that the Indian consumers are very touchy when it comes to taking a loan, especially if it is a long-term debt. Despite the fact that in the last few years the tax advantages that are associated with the housing loans have increased tremendously, most of the Indian borrowers are in a rush to pay up their loan amounts much before maturity period and are eager to write off their debts. It is common knowledge that home loans are usually long term in nature.
Therefore, when it comes to the issue of home loans repayment at a date earlier than the maturity, the question raised is whether it makes sense for the Indian borrower to do that. The answer to that question is that it is not a good idea in the present environment, when the interest rates on housing loan are at an all-time low, and there are significant tax benefits available to the home loan seekers.
On the contrary, in fact, it might just make better sense for the borrowers to carry debt in general and a home loan in particular is a good idea for the number of advantages it provides over other forms of debt. If the borrower analyzes the repayment schedule carefully and the loan amount is chosen carefully, then he/she will be able to save a good sum through the tax rebates.
Some of the other benefits of the home loans extending over a period of time will be the benefit of the inflation over the term of the loan, as money gets cheaper by the year. The tax benefit coupled together with the effect of inflation brings down the effective interest rate that is paid to a considerable extent.
This doesn’t mean that it is a general rule to never pre-pay the debt. However, there is a time when it is appropriate to do that and one should think of prepaying the loan if possible, but this pre-payment should be planned wisely.
Therefore it is a good idea to not rush in to paying off the home loans or for that matter any other long-term debt. And in case you do decide to pre-pay, it would be a good idea to take time and plan it carefully.

Finnish Bank Loans

As in any developed country, your chances of getting a loan in Finland depend on your employment status, income, how much you want to borrow, your residence status, your credit rating and history, and your guarantor(s) if available.
Contact the banks directly for an interview/application.
Some tips from expats in Finland are:

• try as many banks as you can and see what they offer - the differences in base rates and margins can be substantial
• the banks have specialists who will also explain tax issues - they will tell you which documents the tax authority requires
• make sure ALL documents are translated into English, not just the ones the bank suggests are appropriate

Home Loan Agreement

With the ongoing flurry of activity and festivity prevalent in the home loan segment of India recently, a large number of people, in the euphoria to acquire that dream house, tend to overlook some of the most important clauses in the home loan agreement. However, what they don’t realize is that these clauses have a significant bearing on wide number of areas ranging from interest rates to repayment schedules.
Some of the simple clauses of the home loan agreement regarding to simple matters such as how often the housing finance company resets interest rates in a year can make a considerable impact on the floating rate home loans. The norms in the industry practices suggest that interest rates for home loan consumers are reset only when the bank’s prime lending rate is changed. Therefore it is the frequency of these resets that is really important.
Some of the finance companies offer home loan agreements wherein the interest rates are reset in each quarter. Alternately, there are other companies who do the revision only once a year. Sadly not many home loan consumers are aware of the clause related to the fixed rate home loans, which the financial companies sometimes insert in their home loan agreements. This ignorance can cause the customers unintended losses in case of revision of the fixed rate home loan rates.
Most of the customers are not aware that this particular fixed rate clause in the home loan agreement permits the financial institutions to change the loan’s repayment schedules and terms and conditions. The financial institutions in a rising interest rate environment might exercise this option in order to safeguard themselves and in the interest of their own company.
This move is usually not in the best interests of the customer or the home loan seeker as the modification of the repayment schedule, terms and conditions might affect the overall repayment of the consumer. The long list of terms and conditions of the home loan agreement usually contains clauses which might possibly have a number of significant implications for the consumer and therefore it is important that the consumer is aware and makes an informed choice accordingly.

Home Loan Market

The home loan market in India has grown at a rapid and alarming rate of over 40% over the period of the last four years. And from the reports from some of the industry experts, it is evident that there is very little chance that there will be any significant decline in growth rates in the future. Therefore it becomes important at this point in time to examine the key factors that have been instrumental in triggering this high growth period. There are several reasons that can be considered as having attributed to the growth of the home loan market. On the demand side, the first and the most important factor for the growth has been faster rise in incomes as compared to property prices, thus making housing more affordable.
Another important factor that has contributed to the growth of the home loan market is the declining interest rate. This factor has also been instrumental in greatly reducing the cost of servicing a loan. An additional factor is that of the Tax benefits, which have caused a further reduction of the effective cost of borrowing both on interest as well as the capital.
Examining the factors on the supply side, we see some of them have played a very big role in supporting the growth of the home loan market in India. The most important supply side factor is of more competition in the housing finance sector. This has in fact resulted in the companies charging lower interest rates. The lower interest rates are offered in fact sometimes even at the cost of the spread or profit margin.
Another important supply factor that has been responsible for the growth of the home loan marker is the fee that is charged by the financial institutions for getting a home loan. This fee has reduced dramatically over the last couple of years, from over 2% of the loan amount to as low as 0.25%. In fact, some companies are known to waive off the fee entirely.
Most of the housing finance companies in India have introduced several new home loan products in order to meet the needs of a wide variety of customers. Another factor contributing to the growth of the home loan market is the increasing collaboration between housing finance companies and builders. Such partnerships minimize service and funding related costs.

Benefits of Home Loans

hYou can easily avail home loan from various companies which offer home improvement loans to finance the cost of tiling, plumbing, electrical work, grills, woodwork, painting, compound walls and almost all improvements for your house. In fact it might be a good idea to avail of these home loans, because they offer a number of added advantages as well.
One of the most important benefits of taking a home loan is the interest rate that is allowed on the home loan. Fixed and variable interest rate options are also available for home loans. Many financiers also offer home improvement loans at the same interest rate as they offer the home loans. Most of the prevailing interest rates fall in the range of 7.75% to 8.75%. There is usually a processing fee of 1.00% to 2.00% also that is involved.
The other benefit of taking a home loan is the security that is to be provided. The benefit is that you can use the property that is currently being constructed as the security for the home loans. Of course, most banks and finance companies do not finance more than 85% of the cost of the property mortgaged.
Perhaps the benefit that is most used is that of the tax benefit. The interest that is paid on home loans are deductible from the annual value resulting in a lower taxable income. For self-occupied property, interest to the extent of Rs 30,000 is deductible from taxable income.
The maximum amount of fund that can be received through the home loans varies between 50%-100% of the total cost. Of course the loan amount is also subject to the repayment capacity of the borrower. The usual rule states that the sum of all the monthly installments a borrower has to pay should not exceed 40%-50% of his gross monthly income.
Apart from the income and margin criteria, the applicant needs to be a salaried or self-employed individual. And it is important that the loan is repaid before the retirement stage, or before the person turns 65 years in case he/she is self-employed. On an average the repayment term of the home loans can be extended up to 15 years.

Basics of home loans :

Once you think of buying yourself a house and go looking for that perfect dream house, only to find out that you are unable to finance your new house at the moment. And you realize that you really want that new house. You might at this point consider the option of taking a bridge loan.
A bridge loan is the scenario wherein if you have enough equity in your present home, the bridge loan will allow you to avail of a loan so you can make a down payment and buy your new house. The only catch here is that the interest rates on the bridge loan are much higher than those on the home loans. Another thing to consider is that it is a short-term loan, and there are also costs and fees involved. Therefore you might do better for yourself if you consider applying for a home loan. The procedure is simple and of course you have to meet a certain eligibility criteria. Once you have identified the house that you want to purchase, you can go ahead and approach any financial institution dealing or disbursing home loans.
Though applying for a home loan may seem like a very difficult task, it definitely need not be that way. Given below are some Home Loan Basic that you need to know before you go about applying.
The first step to getting a home loan involves filling up the application form of the chosen financial institution along with the required documents. Do remember that you will need to pay a one time processing fee at this stage.
You will also require some important documents to get through with the loan processing stage. In case you are an employed individual, you will require verification of your employment form, you latest salary slip/salary certificate which outlines all deductions for atleast the last 6 months, Form 16 from your employer for the last 3 years.
In case you are a self employed individual, you will need a Balance sheet and profit and loss account of the business/profession along with copies of individual income tax returns for the past 3 years as certified by a CA. You will also need a note, which gives the information on the nature of the business, year of establishment, present bankers, form of organization, clients, suppliers etc. And of course you will need a statement proving your net worth as an applicant.
Once you are past this stage you will need to submit the property documents. After getting the approval from the financial institution where you plan to borrow, the loan will be disbursed to you

Bad credit home loans

Bad credit home loans may offer those with poor financial history the chance to own their dream house. In the past, only those with stellar ratings were able to apply for quality home loans, but this is no longer true. Bad credit home loans are offered to those who have earned a poor credit rating but are still considered responsible enough to undertake a mortgage. If peoples' financial score has suffered from some temporary setbacks, and they are trying to establish a responsible account history from this point forward, then a bad credit home loan may be their prime opportunity.

When taking out a bad credit home loan, it is crucial that people do their homework to ensure that they are not a victim to their financial score. Those with low ratings will have to be more patient and persistent to secure a decent interest rate, but it can be done. The first aspect one needs to consider is whether to approach a bank or a mortgage fund company for their bad credit home loan. Banks are more likely to turn down those with poor financial history, but many mortgage companies may be able to offer them more choices when it comes to funding.

If a person chooses to take out funds with a mortgage company, they should be sure to check the rates from several different companies. The rates for bad credit home loans can vary greatly due to seasonal trends, mortgage sales, and reputations of lenders. Researching companies will guarantee that people choose a reputable lender with high satisfaction rating from previous borrowers, and secure a fair interest rate. How a company treats all of their customers will be very important when taking out needed assets.

Once people have decided on the company, it is time to negotiate the best deal. They will not be able to take out a bad credit home loan without a down payment. Most companies will not offer funding with a down payment of less than five percent, but it is recommended that one put down a full twenty percent in order to avoid having to purchase private mortgage insurance. People may also be able to negotiate on some of the fees. Although negotiated funds will automatically come with higher fees, some of them can be waived if people ask.

Home Equity Loan

Need a new roof? Kids starting college? Want to invest in retirement property?

You have good equity in your home and that's money you can use to your advantage.

A low-interest home equity loan can make special projects possible.

USA Prime Loans is a loan broker referral service. We put you in contact with brokers who understand home equity loans and know who has the most competitive rates. They will be able to tell you how much you can borrow. They will walk you through the process.

We believe that you should have a choice, and so we offer connections to brokers who want your business.

You get multiple bids on your pre-approved loan.

With our simple loan application
you quickly get the best home
equity loan for your budget.

Because we customize your application to you and your needs, you apply for the right loan right away.

Just click your state on our map and you can start a secure, personal loan application today.

As soon as you submit the form, your application goes to our network of home equity brokers. You will get fast pre-approval for your loan with up to four quotes. You choose the quote that you like best. It's free and there is no obligation. It's shopping around in one stop. So go ahead, you dreams start here with a home equity loan your way.

Mortgage Refinancing

Mortgage refinancing is an easy way to bring your finances under control.

Are you are paying too much interest on your mortgage? Let us help you reduce that monthly mortgage payment with a mortgage refinancing loan.

Do you have a lot of smaller loans or credit payments? With mortgage refinancing you can consolidate them into one manageable payment.

Your first step is to use our simple, secure refinancing application to find the best refinancing loan broker for your needs.

USA Prime Loans is a mortgage broker referral service. We put you in touch with refinancing brokers who know how to do business with competitive rates.

You get multiple bids on your pre-approved refinancing loan.
Having a choice helps you chose the best refinancing loan for you.

Finding a refinancing lender is easy with our customized refinancing application form. With our simple refinancing loan application you quickly get the best refinancing loan for your budget.

Because we customize the refinancing application to you and your refinancing needs, you apply for the right mortgage refinancing loan right away.

Just click your state on our map and you can start a secure, personal mortgage refinancing loan application today.

Upon submitting the refinancing form, your refinancing application goes to our network of refinancing brokers. You will get pre-approval for your mortgage refinancing loan and up to 4 refinancing quotes. Then you can choose the mortgage refinancing quote that you like best. It's simple, fast and free. Put that interest money back in your pocket. After all, it's more fun to spend it yourself.

Home Mortgage

Buying a new home is a smart investment especially with current interest rates. You need pre-approval at a great rate.

USA Prime Loans is a mortgage broker referral service.

Once you fill in the secure online home mortgage loan application form you get multiple bids on your pre-approved mortgage loan. Having a choice helps you chose the best home mortgage loan for you.

Finding a home mortgage lender is easy with our customized mortgage loan application form.

With our simple loan application you quickly get the best loan for your mortgage budget.

Because we customize your mortgage application to you and your needs, you apply for the right home mortgage.

Just click your home state on our map and you can start your secure, personal mortgage loan application today.