Local finance options to end-users are available through a number of local and foreign financial institutions. Terms and conditions may vary from one to another but typically general guidelines can be summarized as follows:

• Finance tenure ranges from 5 to 25. Maximum period depends on residency status, age, type and location of property.
  
  
• Maximum finance amount is 90%.
  
  
• In resale cases, evaluation has to be conducted for estimating the current market value of the property, and premiums would be financed accordingly depending on the type and location of property.
  
  
• Minimum age to obtain finance is 21 and maximum is 60. Some banks may provide finance for up to 65 years old if self employed.
  
  
• Salaried individuals have to provide proof of being employed in the same job for a period of at least 6 months depending on the financial institution's requirements. Business owners have to provide proof for an operating and profitable business for at least 2 years.
  
  
• Rates are between 6.5% and 7.5%
  
  
• Processing fees are between 1% to 1.25% of the finance amount.

Finance is available for ready properties as well as for properties under construction. It is always recommended to obtain pre-approval from a financial institution, know the amount that can be financed, then look for your dream home.

For more details, we recommend you contact the following institutions: