The benefits of using Burj Financial Services are manifold:

Better Rate: We strive to secure the most competitive rates for our clients.

One-Stop Financial Hub: With us, you have access to a wide range of Islamic finance options, all in one place.

Application Fee Waivers: We often negotiate application fee waivers, reducing your upfront costs.

Free Upfront Assessment: Before diving into the process, we provide a complimentary assessment to understand your financial position better.

Comprehensive Guidance and Support: Our team is dedicated to guiding you every step of the way, ensuring a smooth and informed journey towards securing your Islamic finance.

Choose Burj Financial Services for a holistic and supportive approach to Islamic finance.

In Australia, when it comes to Islamic finance, the predominant model used is Ijarah. Ijarah is an Islamic leasing agreement where the bank buys the property and then leases it to the customer over a specified period. The customer makes regular payments, which consist of both rent and a portion towards the purchase price. At the end of the lease term, ownership of the property is transferred to the customer.

This model ensures that all transactions are free from interest, which is prohibited in Islamic finance. It's a unique approach that aligns with Shariah principles, ensuring ethical and fair financing for those seeking an alternative to conventional mortgages.

If your home loan application has been denied, there are steps you can take to try to improve your chances of getting approved: address any issues that led to the refusal, consider applying with a different lender, or work with a mortgage broker to find lenders that may be willing to work with you. A mortgage broker can help you identify lenders that may have more lenient requirements and can assist you in the home loan process.

The time it takes to get a home loan approved can vary and can take anywhere from a few days to several weeks. The length of time depends on the lender's workload and the complexity of the individual loan application.

To get a better idea of the timeline for your specific application, it's a good idea to speak with your Loan Panda Broker. They will be able to provide you with more information about the expected timeline for your application.

If you're considering paying off your mortgage ahead of schedule, it's good to know that many of the lenders we work with offer this advantage. There is no fee for settling your home loan early with most of our partnered lenders.

While we, at Burj Financial Services, act as your mortgage brokers and guide you through the process, the flexibility in early repayments comes directly from the lenders. We always strive to connect you with the best options that align with your financial goals.