Low Doc Finance
Home Loans
A home loan is bank or financial institution financing of a house or a residential property. It allows you to buy your home immediately while making the payment for the next few years as determined by the financing institution.
Home loan can be obtained against your current income and financial assets, which are used to compute your loan eligibility. If you have an existing home or property, it can be used as a collateral to increase the eligibility of a new home loan, or directly to acquire loan against property for financing the loan from your new house.
Getting a home loan is easy if you have a clean loan track record, timely loan instalment and credit card payments and a good credit rating. We help our clients secure loan for their dream home with minimum hassles. Our service enables our clients to focus their energy on more important decisions such as the décor of their new home while we manage all the documents and financing processes.
The tenure of your loan can be determined based on your age or preference to pay off the loan within a specified timeframe.
The features of our home loan service include:
- Flexible payment schedule
- Highly competitive rates
- Hassle free application and disbursement process
- Ability to make part or full payments at any time during the loan schedule
Warranty
Warranty is an assurance given by one party to another that specific conditions will be fulfilled and if the specified conditions are not met, the first party will ensure upholding the warranty by providing an alternative to the second party.
Warranty is a legal contract or an insurance that, among other dealings, is given by a seller to the buyer that all the terms and conditions of the sale would be met, the product will perform according to the specifications, and will give results as agreed upon by the manufacturer or seller and the buyer. However, if the product or service fails to deliver the agreed performance or if there is a defect, the seller shall ensure repairing or replacing the product.
Warranty is legally binding on the seller and is a form of insurance given to the buyer. A seller is contractually bound to make good the terms offered with the product or suffer penalties. Hence, warranty is an assurance to the buyers that their rights will be protected from any breach on the part of the seller and if there are any shortfalls in the agreed conditions, the seller is liable to execute the contract.
Thus, warranty insures the buyers and ensure they get what they were promised.
Extended Warranty
Standard warranties are given by the manufactures or sellers for a specific time period, beyond which the products are not covered under the warranty. The usual period for warranty is one or two years and beyond it, if there is any damage to the product, it will not be covered under warranty.
Extended warranty is an extension of the warranty period beyond their standard period. It is also known as a service contract and may be given by the manufacturer or a third party which usually charges a fee for the extension of warranty. The extended warranty can be renewed on a month on month basis or yearly basis.
The term and conditions of the extended warranty might defer from the original warranty, depending upon the agreed terms between the party giving warranty and the customers.
Legally, an extended warranty is similarly enforceable as the standard warranty. It is also a contract between the two parties. The customers get an insurance in the form of an extended warranty.
In several instances, an extended warranty would have several exclusions. These are the terms and conditions that were enforceable under standard warranty but are excluded from the extended warranty. Hence, while paying for the extended warranty, customers should check the new terms and conditions.