Frequently Asked Questions
Welcome to our FAQ page. Here you'll find answers to some of the most common questions we receive about our loan and bank instrument services. If you can't find the information you're looking for, please don't hesitate to contact our dedicated team.
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Fairmile Holding UK Limited provides a range of financial solutions, including home loans, business loans, student loans, project finance, and various bank instruments such as BG/SBLC, LC, DLC, and Bank Instrument Monetization.
Eligibility criteria vary depending on the type of loan but generally include factors like creditworthiness, income stability, and the purpose of the loan. Specific requirements will be discussed during the application process.
We offer flexible business loans tailored for both small and large-scale enterprises, including options for expansion, working capital, and more.
Yes, we offer home loans with competitive interest rates and flexible repayment options to help individuals acquire their dream homes.
Yes, our student loans are available for individuals wishing to pursue their education both within the country and abroad, with affordable interest rates.
Project finance is a type of loan primarily repaid from the cash flow generated by a specific project. It's particularly attractive to private sector companies funding major infrastructure or development projects.
We offer a comprehensive suite of bank instruments, including Bank Guarantees (BG), Standby Letters of Credit (SBLC), Letters of Credit (LC), and Documentary Letters of Credit (DLC).
Bank Instrument Monetization is the process of converting a bank instrument, such as a BG or SBLC, into liquid funds. We provide services to help eligible clients monetize their instruments.
The processing time for loan applications can vary depending on the type and complexity. We strive for a swift turnaround, with eligible clients often receiving approval within 24 to 48 banking hours.
Our interest rates are competitive and vary depending on the type of loan or bank instrument and the applicant's profile. Please contact us for specific rates relevant to your needs.
Repayment terms vary depending on the loan type and are discussed and agreed upon with the borrower. We offer flexible options, including monthly or yearly payments in some cases.
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