Designed with the dynamic needs of first-time homebuyers and younger clientele in mind, Sakan Home Trust Finance provides you wih the ideal startup installment plan to help you acquire your new home. By allowing you to repay 50% of your borrowed amount as a single payment along with your final installment, your monthly installments are significantly reduced, providing you with greater affordability for all your monthly expenses and additional opportunities. You can invest the amounts you save monthly in a high yield account or use them to cover growing expenses. Furthermore, you can conveniently transfer to other Sakan Home Finance products whenever you wish with ultimate ease, anytime throughout the lifetime of your loan. Add to all this competitive finance rate, speedy procedures and other value added options and you get the ultimate home finance product for today's young consumer.
Sakan Home Trust Finance delivers convenient monthly saving unlike any other home finance product in the market. Unlike most loans that amortize the full amount of your principal uniformly over the lifetime of the loan, Sakan Home Trust Finance amortizes only 50% of your borrowed amount, and collects the remaining 50% as a single balloon payment when your loan matures.
Sample Illustration:
EGP 500,000 loan with a 10 year repayment plan. Utilized rate is 14%.
Product Benefits
- Decrease your monthly installment amount by over 7% monthly
- Invest what you save to help repay your final payment
- Lengthy repayment period of up to 10 years
- Fixed rates guarantee you long term stability
- Transparent transactions and no hidden fees
- Maintain a manageable budget with equal monthly installments
- Speedy procedures and hassle-free documentation requirements
Product Summary