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  1. MoneyProtects
  2. Innovative Solution
  3. Mortgage EMI Sleeping Period

Mortgage EMI Sleeping Period

You can relax and not worry about making EMI payments as we will pay your EMI on your behalf. 

      • Break from Mortgage EMI up to 5 years - Sleeping Period.
      • No need to loose your property possession, use or rent your property under your own ownership.
      • Zero Interest accrual during sleeping period.
      • Money Protects will settle your Outstanding Loan. Payback only outstanding settlement amount.
      • Avail Payment plan without interest accrual and flexible payment monthly, quarterly, semi annually or annually.

Take your financial freedom to next level with peace of mind.

No calls from banks on EMI miss-outs, recovery agents, nightmare of legal case, travel ban etc. We are with you in your financial problems in all times. 

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Mortgage EMI Sleeping Period

The mortgage EMI Sleeping Period offers mortgage borrowers a break from making mortgage EMI payments, It allows borrowers to utilize their EMI payments for other emergencies. Mortgage EMI Sleeping Period can be a huge relief to borrowers presently as the interest rates have been increasing. A mortgage EMI Sleeping Period can be a huge relief for both corporate and retail mortgage loan holders as it relaxes their financial burden.

Mechanism:
  • Loan backed by asset at LTV of 60-65% and less (means 40-45% paid). This means paid by the consumer 45% plus of the mortgage loan which is the consumer’s asset.
  • The remaining will be paid by Money Protects arrangements for a fixed period on a fixed Rental rate, For instance, 6% for periods of 11 rollover months.
  • The Money Protects arranged fund will be used to settle the loan. The prorated ownership will be allocated for the period and the previous single owner will pay the rental for the period agreed.
  • Both parties will benefit from this process, one will generate income and the other will have a locked period of not paying the principal.
  • On maturity, the first owner will have to pay back the investor. In case of any breach, or default after up to 5 years the property will be sold, and investor money will be paid off or effective any mutual agreement.
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Why our innovation is a success ?

 

  • Non-availablity of services for small & medium size clients in UAE. 

  • Offering restructuring services to loan holders with a commitment to reduce UAE’s NPL by AED 20 billion. 

  • We protect your assets from distress due to any unforeseen circumstances. We protect you throughout your collateralized loan tenure. 

  • We offer financial stability to all mortgage and medium size corporate loans and help individuals and corporates to achieve financial freedom. 

 

 

Financial Freedom achieved

This product enables all mortgage loan holders to achieve financial freedom throughout their loan tenure by reducing the impact of the increase in interest rates on their monthly EMIs which is explained in the process flow.