Fintech Offa has lowered interest rates for its Islamic Doctrine (BTL) products in line with Islamic (BTL) products.
The property financing company’s fixed two-year BTL rental rate fell by 0.32%, and five-year fixed products were as high as 0.34%.
It also lowers the additional interest rates for discounted variable rate products by up to 0.24%.
“I provide OFFA faster, better, and even better than some traditional high street banks than any other Islamic real estate financing provider,” said Sagheer Malik, Chief Commercial Officer and Chairman of Housing Finance.
“This is part of our mission to bring Islamic finance into the 21st century, leaving behind the heavy paperwork and tedious systems that many customers have usually suffered in the past.”
“As far as we can, we have been committing to lower the interest rates on FOFA fast, simple BTL financial products as we always focus on providing customers with a lot of money.”
