Our Fintech Development is an advent of ecosystem where consumer problems and their solutions get gauged and mapped for a technical solution.
Majority of asset backed incremental Fixed EMI for Life wealth creation face troughs and crest during its tenure of full conversion in assets. The most likely upheavals faced by any consumer are interest/profit rates fluctuations and cashflows issue. To address this, we need specific blend of services digitally available to choose and go at minimal fee in order to safeguarding customer and investor both in a process of wealth creation.
As of current banking and financial market is too friendly on their portfolios but fail to restructure the problem or give solutions to clients, rather process goes from default, cheque bounce, criminal and civil cases and retail and corporate recoveries, and this leads to fear and absconding or landing in jail. Though lenders are on roller-coaster business and have provision their impairments and increases UAE’s NPLs, though it needs to addressed properly to give stability and growth in the country. Lenders should be supportive to growth of economy and not individual Short-Term goals. To bridge this gap our ecosystem starts.
Any Loan amount backed by asset at LTV of 60-65% and less (means 40-45% is paid), what is paid is a consumer’s asset rest will be taken by investors for fixed period on fixed rate, i.e., interest amount + 100 bps., say 6% for the periods in months 6, 12, 18, 24, & 36. The investment amount will be used to settle the loan and prorated ownership will be allocated for the period and previous single owner will pay the rental/interest for the period agreed. Both clients will have their purpose matched, one will generate income and other will have locked period of not paying the principal. On maturity first owner will have to pay back the investor. In case of breach the property will be sold and investor money will be paid- -off or any mutual agreement.
This could be called as Asset Backed Security, at real settlements.
Mortgage loan has highest number of cash flows duration and have risk of interest/profit rate risks.
Corporate Loans usually gets easily Swap deals from bank but retail swap is still not having a product status.
Money Protects will assist in retail swaps by signing contract with any bank/s for this service, either individual clients or group of clients at reduced premium.
Customer will select this service from Money Protects App with details of loan, pricing and tenure.
Money Protects will take the information and pass to the bank/s for pricing.
Once confirmed customer will pay prorated premium to bank and Money Protects Fee, and clients interest/profit rate risks is fixed for longer tenure even 25-30 years.
Customer will pay the agreed fixed interest to bank and bank will pay customer’s floating interest for the entire period.
Client unwind the deal in case interest/profit rate risks in market is cheaper then agreed contract at any given point in full tenure.
Benefits of buy now, pay later
Buy now, pay later services usually have the same core components:
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