x Abu Dhabi, UAEThursday 20 July 2017

Put your mortgage on the map

The National is launching a campaign to address financial literacy in the UAE. Our first initiative is a mortgage map that will help improve transparency in the home loans market and empower homeowners to negotiate better rates with their banks.

The mortgage map allows consumers to see what mortgage rates other users have reported, and to easily share their own rates. Jeff Topping / The National
The mortgage map allows consumers to see what mortgage rates other users have reported, and to easily share their own rates. Jeff Topping / The National
The National is launching a campaign to address financial literacy in the UAE.
Our first initiative is in partnership with the Pecunia.me mortgage map that will help improve transparency in the home loans market and help all residents to better manage the costs of their debt.
The online interactive tool is based on Google maps technology and allows for easy peer-to-peer comparison of both conventional and Islamic home loan terms across all areas of the UAE.
The data is provided by residents who currently hold a mortgage. The general information can then be viewed by logging on to the site (it is up now, and awaiting your input once it is launched on September 10). All personal data provided will be securely held in accordance with a stringent privacy policy.
The mortgage map allows consumers to see what mortgage rates other users have reported, and to easily share their own rates. The information you share is anonymous, and will benefit other users and you alike. With the knowledge of what other people are paying in interest/profit rate, you can negotiate better terms with the banks.
 
@ www.pecunia.me