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We, at Money Protects, ensure and focus on offering financial products that can reduce the NPL (Non-performing loans) of UAE. Thus, our product Mortgage EMI Sleeping Period is a solution that allows mortgage borrowers to pause EMI payments for a certain period with a rollover feature. 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 as interest rates have been increasing. This financial product can ease the stress faced by both corporate and retail mortgage loan holders in making EMI payments in the event of a liquidity crisis.
What makes ‘Mortgage EMI Sleeping Period’ unique?
For borrowers who are struggling to make their loan payments, a Mortgage EMI Sleeping Period can help prevent default and subsequent negative consequences like penalties, late fees, or damage to credit scores. It provides breathing space to stabilize their financial situation and explore alternative solutions.
- Relieves from financial hardships.
Financial difficulties and the pressure of meeting loan obligations can have significant psychological impacts. This product offers psychological relief by reducing stress and anxiety associated with financial strain, allowing individuals to focus on finding sustainable solutions.
- Safety net for current mortgage holders
In times of economic crises or systemic shocks, this product can stabilize the economy and support both individuals and corporate borrowers. Such measures demonstrate a commitment to addressing financial challenges and promoting economic recovery.
- Attain your dream home without stress.
This product can be a blessing for individuals who wish to have a dream home in UAE. Especially when their present financial situation does not allow them to fulfill their dream. This product can help prevent default and subsequent negative consequences like penalties, late fees, or damage to credit scores. It provides breathing space to stabilize their financial situation and to regain liquidity within the EMI Sleeping period.
- Temporary Relief for businesses
Mortgage EMI Sleeping Period can be particularly helpful for businesses during times of economic downturn or unforeseen events like natural disasters or pandemics. They can help businesses retain working capital, maintain operations, and preserve jobs, contributing to overall economic stability.
- EMI payment funds can be used for other emergencies.
This product provides immediate financial relief to borrowers by temporarily easing their cash flow burden. It allows individuals or businesses facing financial difficulties to allocate funds toward other essential needs such as food, housing, or medical expenses.
Therefore, all these factors make Mortgage EMI sleeping period popular amongst current mortgage borrowers as well as individuals who are planning to take a mortgage in the future. The increasing trend of interest rates and the rise of mortgage borrowers in the future will increase the ‘Mortgage EMI Sleeping period’ popularity.
Author is a Fin-tech entrepreneur having excellent track record of over 20 years of banking and financial industry in U.A.E, Saudi Arabia and India. Wide-range of experience in Corporate & Wholesale Banking, Treasury, Investment Banking, Funds, Corporate, Commercial, Credit, Cash, Trade Finance, & Islamic Operations.
Outclass expertise in Products & Regulatory Controls, Risk Management, in “Business Modeling” focused on bespoke client products along with technology adoption. Proven in-depth understanding of micro/macro financial market econometrics, Offshore, Cross Border Banking and Legal Barriers.
Major Strengths:
• Debt & Asset Management
• Treasury, Investment & Funds
• Credit Management & Product Development
• Structured products and Restructuring
• Hedging and Derivative Markets
• FinTech & Reg Tech Advisory
Expert in Regional/Global Regulatory operational management having exemplary accolades in Islamic Banking with high end achievements in structured products.
Expertise in Global Intelligence, Value Research, Product Development & Processing, projects related to current global disruptive technological changes & its adaptation through FinTech Landscape – micro/macro.
Author is a Fintech Writer, Market Researcher, Speaker & Panelist in various International Banking & Technology Forums: Terrapin, Clear stream/Euroclear, Fleming, BII, Allan Lloyds, Trescon, Alpha-one, PWC, Finastra Universe - Misys-Connect etc.
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