This financial product allows the mortgage holder to pay fixed EMI on their mortgage, car, or other loans. Protects the mortgage holders from interest rate/profit share variations. Currently, UAE Central banks have increased the interest rates by 0.75%. Thus, the new mortgage holders in 2019-20 are significantly impacted by the recent interest rate hike causing them to make much higher EMI payments on their mortgages. This product can help mortgage holders from being exposed to interest rate hikes and make huge payments. Loan holders can enjoy fixed EMI throughout the mortgage period till its maturity.
- Protection from a rising trend in interest and inflation rates
- Enjoy constant EMI throughout the mortgage
- Securities lending and borrowing
- Ability to save for the future increases
WHY SELECT FIXED EMI FOR LIFE?
Non-availability of this service at reasonable fees to clients in UAE.
We ensure that your EMIs do not rise throughout the loan tenure due to increase in market interest rates.
Creation of a notional pool to make individual clients eligible for the product.
Reduces financial distress of SMEs and individuals in managing monthly increase in interest payments.
How does the pooling process work?
Money Protects will combine all the loans from individuals and SMEs into the notional loan pool. It includes all the retail and non-retail segment clients. The service will be provided on a first-come, first-out basis. Thus, all the clients need not worry about the rise in their monthly EMIs.