what is Builder Loan?

Our Builder Loan allows you to take direct control of building your credit score, by allowing you to collateralize your own loan through an Advia savings account. Since the loan is secured, you'll be afforded a low competitive fixed interest rate, while demonstrating your ability to make payments in full and on time. Not only will you walk away with an improved credit score, but you’ll have built up a savings account!

The Builder Banking offers you not only financing that is specific to your project needs, but also the experienced bankers and high level of service that you deserve. We take the time to find out what is important to you and put together financing that best serves you.

Owner builder restrictions?

If you are an owner builder, be aware that some institutions place tighter restrictions on this type of lending – or may even not lend at all. The restrictions can include a reduction in the amount available to borrow opposed to a person who uses a separate licensed builder under a fixed price contract.The tighter restrictions or inability to borrow are in place due to the owner builder loans being classed in a higher risk category.

construction loan?

A construction loan is any value added loan where the proceeds are used to finance construction of some kind. In the United States Financial Services industry, however, a construction loan is a more specific type of loan, designed for construction and containing features such as interest reserves, where repayment ability may be based on something that can only occur when the project is built. Thus, the defining features of these loans are special monitoring and guidelines above normal loan guidelines to ensure that the project is completed so that repayment can begin to take place.

It’s typically harder to get a construction loan than a regular mortgage. You’ll need to shop around, using a construction loan broker if necessary. Hire a builder with a strong reputation and gather required paperwork for your loan application. If approved, you only have to pay interest on the loan during construction. However, you’ll have to pay the loan off when the house is finished.
Ready to build on your dream? Then a construction loan from MCCU may help you break new ground!
1.Competitive rates
2.Flexible terms
3.Financing for home improvements

Why Loan Affairs?

Running a successful business is not an easy task. There are always ups and downs that you, as a business owner face. We, at Loan Affairs, understand that meeting every financial need is not simple and sometimes you do need a helping hand.
We take special pride in being that institution that can help you when you need help the most. We also give you the option of choosing what kind of loan you would need. This helps in routing that fund in the right direction and give you the boost you need. Be it project funding, the working Loan Affairs requirement for raw materials purchase, term loans for machinery or bank overdraft, we have the solution that you are looking for.

Quick disbursement: Once all your documents are in place, your loan from loanaffaris can be disbursed within 3 business days.
Business Loan Interest Rates: Loan Affairs believes in applying the best market practices and adheres to the principle of giving its valuable customers the best business loan interest rates.
Guarantee: We offer you commercial loans with no additional collateral or guarantee.
Flexible EMI option: We give you the option and convenience of to customise your monthly loan repayment instalment that is best suited for your company's cash flow.
Complete access: You will have complete online access to your loan account and can keep track of your EMI schedule, interest paid on each EMI and interest certificates.
SME & MSME Loans: You can choose to fund your small or medium sized enterprises using SME loan. There are various factors to be considered to get approval. Find out more about small business loans.