Land finance may offer different pricing structures (Commercial interest rate or Islamic Murabaha rate) compared with personal loans; actual rates are set by the relevant bank.
Eligible land use, classification and type vary by bank. The relevant bank determines whether a specific property qualifies for land finance.
This loan is designed to achieve the client’s dreams of buying a land and he can invest it for building his/her own home with a LTV (loan to value) determined by the banks. The policies differ according to the client’s income as a value and a source.