INFO
GHAYAS MEHAR
I am an owner of Flat No. 1 Tower No. 71. I take the appartment on leese from saudi home loans in 2009. The price was 4,06000 I pay 10% down payment and balance 365400 was my leese amount. When I took the appartment they said if in future I want to close the leese what I paid from 365400 they will deduct and balance I have to pay and 10 installments as penalty and they will transfer the appartment on my name.
I visited the saudi home loand last week but they refuse to take the balance and asked to complete the leese period or pay the price which they calculated and which is more than the basic leese amount (383748).
If anybody know the procedure please inform me. I want to close the leese or sale the appartment.
Regards
Ghayas Munir Mehar
K.S.A: 00966 50 2157868
U.A.E: 00971 50 8835016
mir suhail
From: GHAYAS MEHAR <gmm...@hotmail.comp>
To: "myq...@googlegroups.com" <myq...@googlegroups.com>; "ta...@omrania.com.sa" <ta...@omrania.com.sa>
Sent: Monday, July 22, 2013 11:21 PM
Subject: INFO
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GHAYAS MEHAR
Thanks for the information I will contact Mr. Salman tomarrow. Can you please tell what CFO stands for.
Regards
Ghayas Munir Mehar
K.S.A: 00966 50 2157868
U.A.E: 00971 50 8835016
Date: Tue, 23 Jul 2013 14:44:01 -0700
From: smi...@yahoo.com
Subject: Re: INFO
To: myq...@googlegroups.com
smir_sa
Tariq Ali
Dear Gayas I would like to share my experience as well and see if it can help you. I sold my app in april too At the time of lease aggrement i guess there was some misunderstanding or he wad not able to explain you well. When you got a loan of 365000 the amount you need to pay during the lease period is much much more. Say i got an app for 400000 and paid 40000 as downpayment . The ramaining 360000 is lease for a period of say 10 years. After calculation in 10 years the amount i will pay for the lease money would be around 500000. You can see the loan amount has profil rate that shl is taking from you. Now your situation is you need to break the lease period in the midway. So shl would calculate the amount greater then you leased because the leased amount wad not 360000 but was 500000. They are right to charge you for that. What i did was to find a customer for your app who can pay cash the whole remaining amount and shl will give you a cheque which will approx cover your downpayment and 70 percent of your rent. This way you win and they win as well. |