Bridging Loan

A bridging loan is a high interest, short term loan you would choose when you have a requirement for short term specific funding. For instance, a bridging loan is a loan used to “bridge” the financial gap between capital required for your new property completion prior to your existing property having been sold.

Bridging loans are short term loans arranged when you need to purchase a house but are unable to arrange the mortgage immediately for some reason, such as there is a delay in selling your existing property. Timing is of the essence when selling one property and buying another.

A bridging loan can be used to raise capital pending the sale of a property.

Bridging loans can be arranged for any sum and can be borrowed for periods from a week to up to 1-2 years. Because of the nature of bridging loans they can usually be arranged at short notice and within a few days.

A bridging loan is similar to a mortgage where the amount borrowed is secured on your home but the advantage of a mortgage is that it attracts a much lower interest rate. While bridging loans are convenient the interest rates can be very high. When considering a bridging loan, remember that you may be paying not only for the bridging loan but also for the mortgage on your existing property.

Prime Loan Interest Rate

Prime Loan Interest Rate Forecast

%, Average of Month.

	Aug 2005	Sep 2005	Oct 2005	Nov 2005	Dec 2005
Forecast Value	6.25	6.50	6.50	6.50	6.50
Standard Deviation	0.1	0.1	0.1	0.2	0.3

USA PrimeLoans

USA Prime Loans helps find the best loan for you.
We are dedicated to bringing local borrowers and lenders together.

We know you need fast pre-approval at a great rate. We are a mortgage broker referral service. Once you fill in the no charge no obligation home loans application form you will get up to four home loans quotes. Multiple quotes for home loans is the way to make sure you are getting the most competitive rates and a loan you will be happy with.

We believe that you should have a choice in home loans. Choice means power and it puts you in the driver's seat.

You get multiple bids on your pre-approved loan. Having a choice of home loans helps you choose the best loan.

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

As you enter information on our secure home loans site, we tailor the home loans application for your needs.

Because we customize your home loans 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 home loan application today. It's free, it's easy and best of all it puts you in charge. Get your home loan your way.

Student Loan Scheme

Pursuant to the announcement made by the Federal Finance Minister in his 2001-2002 budget speech, a STUDENTS LOAN SCHEME (SLS) for Education was launched by the Government of Pakistan in collaboration with major commercial banks of Pakistan (NBP, HBL, UBL, MCB and ABL). Under the Scheme, financial assistance is provided by way of Interest Free Loans to the meritorious students who have financial constraints for pursuing their studies in Scientific, Technical and Professional education within Pakistan.

The Scheme is being administered by a high powered committee comprising Deputy Governor, State Bank of Pakistan, Presidents of the commercial banks and representative of Ministry of Finance, Government of Pakistan.

ADMINISTRATOR OF THE SCHEME: National Bank of Pakistan

ELIGIBILITY

Under the scheme the students are eligible to apply for loans provided:

He/She has obtained admission on merit through normal course/procedure in the approved Universities/Colleges of the public sector mentioned hereunder.
He/She falls at the time of admission within the age bracket of:-

For Graduation: Not exceeding 21 Years
For Post-Graduation: Not exceeding 31 Years
For Ph.D: Not exceeding 36 Years

He/She has secured 70% marks in the last public examination.
He/She has undertaken the study of the subjects given below.
He/She is unable to pursue studies due to financial constraints.

PERSONAL LOAN

One can avail unlimited opportunities through Askari Bank’s Personal Finance. With unmatched financing features in terms of loan amount, payback period and most affordable monthly installments, Askari Bank’s Personal Finance makes sure that you get the most out of your loan. No matter what your need is, Askari Bank has more ways to serve you than ever before.

Product Featuring:

Borrower: Resident Pakistani Nationals.
Facility: Term Finance
Financing Limits: Maximum upto Rs. 500,000/. (Clean)
Maximum upto Rs. 1 Million. (Secured)
Tenor: Maximum upto 5 Years
Repayment: Monthly Installments
Markup Rates: Competitive
Servicing: Available at all Askari Bank branches
Balance Transfer Facility: Available

Eligibility

Age: Between 21 to 65 years.
Income: Minimum gross monthly income of Rs. 10,000/- only.
Financing Limits: Maximum upto Rs. 500,000/. (Clean)
Employment:
a) Salaried: Minimum length of confirmed service with present employer is 6 months with a total length of 1 year service.
b) Self Employed: Minimum 1 year in business.
Charges/Fees: As per current schedule of charges.

When you are working towards your financial goals, how you borrow can be just as important as how you invest. The right borrowing options can improve your savings, your cash flow and your ability to take advantage of personal or business opportunities.

So, choose the right options and call us now to enquire about your entitlement amount and exclusive service. At Askari bank we make every effort to serve our customers with care.

Not restricted to new financing, under Personal Finance scheme, we offer extended facilities, which are:

Back to Original:
Under this scheme borrower can avail extended amount of finance upto the utilized allocated amount, if his/her repayments are regular.

Balance Transfer Facility:
It gives the customer the opportunity to pay off his/her outstanding dues on their credit cards or other loans at a rate of interest much lower than what one pays on them. That not only frees up their credit limit, but cost of servicing the debt is greatly reduced.

Computer Loans:
This scheme was launched to promote the I.T. technology in the country. In this regard, we have signed MOU’s with Multinational companies and large local corporates including schools & colleges.

Dream Life (Financing for Consumer Durables):
We are the financial market player in delivering quality service to customers with highly professional standards. We have joined hands with various Electronic Companies for sale, of the domestic appliances against consumer financing. Under this scheme, Askari Bank is financing products of these companies, which would benefit those people who can only afford to buy home appliances on installments due to limited resources. In addition to this, we have also signed agreements with other top manufacturers of automobiles for financing of motorcycles to the general public at most competitive rates.

Further Information

If you need any further information / assistance, please contact your nearest Askari Bank branch or call at 0800-00078

Student Loan

Pursuant to the announcement made by the Federal Finance Minister in his 2001-2002 budget speech, a STUDENTS LOAN SCHEME (SLS) for Education was launched by the Government of Pakistan in collaboration with major commercial banks of Pakistan (NBP, HBL, UBL, MCB and ABL). Under the Scheme, financial assistance is provided by way of Interest Free Loans to the meritorious students who have financial constraints for pursuing their studies in Scientific, Technical and Professional education within Pakistan.

The Scheme is being administered by a high powered committee comprising Deputy Governor, State Bank of Pakistan, Presidents of the commercial banks and representative of Ministry of Finance, Government of Pakistan.

ADMINISTRATOR OF THE SCHEME: National Bank of Pakistan

ELIGIBILITY

Under the scheme the students are eligible to apply for loans provided:

He/She has obtained admission on merit through normal course/procedure in the approved Universities/Colleges of the public sector mentioned hereunder.
He/She falls at the time of admission within the age bracket of:-

For Graduation: Not exceeding 21 Years
For Post-Graduation: Not exceeding 31 Years
For Ph.D: Not exceeding 36 Years

He/She has secured 70% marks in the last public examination.
He/She has undertaken the study of the subjects given below.
He/She is unable to pursue studies due to financial constraints

Home Payday Loan

On the plus side, if you are facing a true emergency and you need cash fast, payday loans can be a decent solution. If you are gainfully employed, you normally will qualify for payday loans. This is the case in many instances even if you've got less than perfect credit. In many instances, with payday loans you are able to get the cash that you need for an emergency immediately. You don't have to wait around - because time can be of the essence, payday loans can be solid options for you.

Also on the positive side, applying for payday loans normally is a very easy process - you can actually apply for payday loans over the Internet and obtain a loan from the comfort of your own home.

On the negative side, payday loans can be very expensive when compared to other types of financing. The interest rate associated with payday loans is higher than that of other financing options. Additionally, there normally are other costs and fees associated with payday loans that are higher than what would have to be paid with other types of financing.

In addition to be expensive propositions in some instances, payday loans are also financing vehicles that easily can be abused. There are innumerable instances of people who come to rely on payday loans to their detriment. These people end up using payday loans with regularity -- indeed, some people can be found getting payday loans to pay off payday loans. This can end up being a very costly and financially harmful way of "doing business."

If properly used payday loans can be appropriate vehicles through which a person can deal with an emergency situation.

FHASecure

As Senate leaders continue to hash out a housing rescue proposal expected to reach a key committee vote later this week, officials in the Bush administration are touting the growing success of a Federal Housing Administration program launched last August. Called FHASecure, housing officials last week said that the product has helped 200,000 homeowners refinance their mortgages and avoid foreclosure.

“Over the past several months, FHA has been working to help families who want permanent relief from their high cost subprime mortgages,” said Deputy Secretary of Housing and Urban Development Roy Bernardi. “We are proud to have helped these struggling homeowners keep their homes.”

Applications for FHASecure loans are largely what has driven a huge spike in FHA application volume during the past three months, with numerous brokers reporting to Housing Wire that the FHA-led program is often the only resort many subprime borrowers have available to them when looking to refinance and avoid potential problems.

Personal Loan for Home

There are two kinds of personal loans, secured and unsecured. Secured loans are backed by some form of collateral such as an automobile, a home or property. They are usually for longer periods of time and for larger amounts than unsecured loans. Secured loans are easier to qualify for because the lender takes on less risk with the presence of collateral. Because of the lowered risk they generally have lower interest rates. Secured loans are best for borrowing large amounts, people with bad or imperfect credit history and those that want longer repayment periods.

A higher credit score will give you a lower interest rate. Obtain a copy of your credit report from any of the major reporting agencies. Be sure you get a copy with your FICO score. Correct any errors and make sure all your bills are current, this will save you money. Lenders will use your FICO to determine your eligibility and your interest rate.

Unsecured loans do not require collateral; they are normally for less than secured loans. The upper borrowing limit is usually about $25,000 with a repayment term of 5-10 years. Some kinds of unsecured loans are cash advances, payday loans and revolving lines of credit. Unsecured loans can be used for debt consolidation, unexpected expenses, vacations, home repairs, student loans, wedding loans etc. They are ideal for people who do no own a home or property or homeowner who does not wish to pledge their home or property.

Requiring less paperwork than other loans, you can usually apply for an unsecured loan online with as little as your credit score and history, debt information and your earning history. One of the main benefits of an unsecured loan is flexibility; they can be utilized for many different kinds of purchases. The money can be available to you in as little as 24 hours.

FHASecure

“Over the past several months, FHA has been working to help families who want permanent relief from their high cost subprime mortgages,” said Deputy Secretary of Housing and Urban Development Roy Bernardi. “We are proud to have helped these struggling homeowners keep their homes.”

Applications for FHASecure loans are largely what has driven a huge spike in FHA application volume during the past three months, with numerous brokers reporting to Housing Wire that the FHA-led program is often the only resort many subprime borrowers have available to them when looking to refinance and avoid potential problems.

Home Loan Online

Obtaining a home loan online has the advantages of researching and choosing the best terms on one's own, but such lending must be carefully validated before providing personal and financial information. Once such information is registered, the user is subject to scam artists who have misrepresented their trustworthy offer, or they may become a listing to be shared by numerous online telemarketers. However, that listing can be a good opportunity to receive offers from home loan online marketers otherwise overlooked.

Lenders can be found on the web through a simple search engine keyword look-up. When obtaining lending on the web, the borrower will be expected to provide similar documentation as with any other lender. Proof of employment or income is standard information for home loans on line and off. Title clearance and appraisals will still be required and will be arranged through the lender of a home loan online. It doesn't matter if the funds are a first mortgage or a second home equity, the lender will be just as complete in his documentation if they are a quality business. The lenders are just as leery of being "taken" as the borrower must be.

A lender will likely be located at a distance from the borrower's location. Therefore, it is not uncommon for the home loan online to be completed by a broker of loans at a specified location in a metropolis nearest to the borrower. When it is time to sign the documentation, the lender will instruct the borrower where to go to finalize the deal, sign the papers, pick up checks, or other official closing business. Many times the home loans on line will fund the amount by direct deposit. Using a verified lender can be a simple process if the borrower will be sure to take the necessary precautions at the outset and cooperate with their new lender through the finalization of the arrangements.

When entering an official agreement, it pays to be cautious and "wise as serpents, and harmless as doves" (Matthew 10:16). Before signing a contract, the borrower needs to fully understand all terms and make sure that the mortgage is affordable. A broker or financial professional can not only give the homebuyer advice, but peace of mind that they are making the right decision about home loans on line. The same peace of mind will also come from God if the consumer takes the time to pray about this big step.