Islamic property finance

ahmedy

Active Member
Joined
Dec 30, 2014
Messages
94
Hi guys, rather than start a new thread. Please could anyone comment on whether Al Baraka was better or Fnb Islamic for home loans?

I am a client of Fnb islamic however the pre approval does not require any documents and therefore im worried that at the time of actual home loan, the rate will differ when they take into account all expenses etc. It almost seems to me that i will not know the exact rate until Im finalising the loan, in which case i will have to go with FNb whether i like it or not

With Al Barak, the pre approval does request all documents and expenses etc and they give you a pre approved rate so you know exactly what your getting into without actually taking it on
 
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