Offering you better products, services and deals suited to your Home Loan needs
Mawazna.com provides an impartial comparison service matching with your all home loan and home finance needs. The service is 100% free for consumers. We aim to help you by providing a wide range of home loan offers along with comprehensive information that can help you to choose the best product of your choice. You can contact us and we can work on your behalf to arrange a best home loan offer for you that will save your time and money.
If you are considering purchasing a home, you are going to need to finance the purchase. You may even want to build a new home but regardless of your plans, you will need a home loan to pay for it. A home loan is designed for the purchase of a home because the money is often borrowed over a long period of time with the interest rates and products on offer differing between each lender.
Why Should You Compare Home Loans before applying with One Lender?
Many different banks and lenders offer home loans and all will offer these products at different costs. This is why it is important to compare all home loans using Mawazna.Com. When you compare home loans, you will have an understanding of the interest rates, repayment costs, and any other relevant information, but more importantly, you will be able to find out what you can afford.
Applying for a Home Loan
When you decide to apply for a home loan you need to understand what is required and what is available to you. Home loans are offered to those who are employed and those who own a business. The loans available range from PKR 300,000 to PKR 50 million with a maximum loan of 85%, although this can change between banks.
When applying for a home loan, you will be expected to meet a fixed criteria and supply documentation that will enable the lender to ascertain whether you are suitable for the loan.
When is a Home Loan Better than Any Other Loans?
A home loan is designed to fit around the purchase of a home. In general, homes are an expensive purchase and are often purchased over long periods of time and so, a credit card is not suitable for a home purchase.
As the home loan is borrowed over many years, the repayments will be more manageable than that of a credit card and that ensures that you can continue to meet the repayments each month.