The Indian Weekender, 16 October 2020

SERVICES
10 NEW ZEALAND
Friday, October 16, 2020
The Indian Weekender
'There was no impact of Covid-19 on property
market so far because demand is still more
than supply,' Global Financial Services
RIZWAN MOHAMMAD
One of the leading and most awarded
mortgage, and insurance advisors
in New Zealand, Global Financial
Services (GFS) has affirmed that Covid-19
lockdowns had minimal to no impact on the
property market of the country.
Speaking with the Indian Weekender,
Director of GFS Ajay Kumar says the year
2020 has left a strong mark on the country’s
property market and the demand for properties
is still higher than the supply despite the
country being several levels of lockdowns and
closures. Earlier this month, GFS launched
its new product ‘Mortgage Genius’ that will
help Kiwis manage their finances. Excerpts
from the interview, and more about Mortgage
Genius below:
IWK: How has the property market
and mortgage industry fared in the last
two lockdowns?
Ajay: Due to Level 4 and thereafter, level 3,
2.5 and level 2 and then now back to level one,
banks are taking more time (two to three times
more) because many bankers are working
from home. There was no impact of Covid-19
on property market so far because demand is
still more than supply.
IWK: Do you think there is a blessing
in disguise for property buyers (both
commercial & residential) due to conditions
in the market?
Ajay: Not in property prices but of course
relief due to lower interest rates.
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IWK: How easy or difficult will it be
for an individual or family to buy their
first house/business given banks are
more cautious giving loans?
Ajay: Landings from banks are as usual as
before; in fact, it became easier for homebuyers
to service home loans due to lower interest
rates. The cost of servicing, in general, is now
32% of gross income which was earlier 48%.
IWK: Tell us about your new product
‘Mortgage Genius Plan’?
Ajay: Considering the devastating
financial impact COVID-19 has taken on
economies around the world, Global Finance
has developed an amazing product that will
change the way Kiwis manage their finances.
The ‘Mortgage Genius Plan’ is carefully
designed and developed on a unique basis
whereby it highlights the need for everyday
New Zealanders to take hold of their financial
destinations and have access to a smarter way
to manage their loans.
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In this low-interest rate environment,
we wanted to highlight the many enduring
benefits this product delivers; not just saving
you interest.
Not only does it save you interest it allows
people to become financially stronger, give
support to your family, give you financial
peace of mind, and minimise financial
worry whilst building equity and ultimately
gives you the freedom to strengthen your
financial security.
The extraordinary results of our customers
speak for themselves.
Mortgage Genius Plan is a very efficient and
effective money management tool designed
to put you in control of your mortgage
repayments, saving years as well as hundreds
of thousands in interest or more.
IWK: How will it help an individual
and family to pay their mortgage/
loans quickly and easily?
Ajay: Mortgage Genius Plan is a very
effective money management tool designed to
put you in control of your mortgage repayments
within your capacity, saving interest, reducing
the number of years on your loan, creating
equity faster to enable you to buy another
property, accumulating cash reserves which
can be helpful to manage many situations such
as Covid-19 when sometimes people lose their
job or their income has been reduced, and they
are worried about servicing their loans.
We know providing people with the same
old loan structure doesn’t work for everyone.
Everyone’s circumstances are different; your
current situation can change from time to
time, so is the need for a solution to paying
off your loan that is suitable and works for you
and within your capacity. We want to make
the benefits enduring and make a significant
contribution to your financial wellbeing and
peace of mind knowing that we have got
you sorted.
IWK: How can GFS help people ease
their financial plans and make better
financial decisions?
Ajay: Global Finance provides a tailormade
solution enabling you to take control
of your mortgage repayments. It will allow
for a plan that is dedicated to fulfilling your
personal needs and future goals.
When your unique plan is followed as
planned, you can expect to save hundreds of
thousands of dollars on your home loan by
reducing interest costs– and become debt-free
sooner, minimising financial worry enabling
you to take better and informed decisions.
Whilst following this plan, you could
potentially purchase investment properties,
businesses which you like and enable you to
support your family and ultimately create a
family-oriented lifestyle that you want as per
your capacity.
It also helps you to create reserves without
any increase in your loan instalment to
minimise your financial worry in a situation
like Covid-19.
HummFM 106.2 scores
big as per GfK survey
SUPPLIED CONTENT
Resonating with the hearts of Kiwi
Indians and instep with their growing
entertainment needs is Auckland’s
leading Indian Bollywood radio station, 106.2
Humm FM.
With over a 59,000 listeners as per GfK
radio audience measurement, commercial radio
stations, Auckland survey 3, 2020, cumulative
audience Monday – Sunday 12mn – 12mn,
people 10+. HummFM has consistently been
on top as per the GfK survey.
The survey catapulted Humm FM’s
listenership to new heights, across all its
program segments including weekends and latenight
shows. More people tuned in, enjoying
the best in Bollywood music, interactive shows
and a hard-hitting weekend talkback show.
“The range and variety of shows combined
with wide demography of listeners tuning
in to 106.2 Humm FM, affirms the growing
engagement of our communities with the
broader society as well as their demand for
holistic entertainment.
“Listeners are at the heart of our achievement,
and we are committed to providing only the
best in entertainment and community issues,”
Managing Director of HummFM, Roshila
Prasad said.
HummFM Program Director Vijay Varma
said, “our quality programming, on-air
presentation, HummFM team and the listeners
play a vital part in our achievement.”
At Blockhouse Bay Community Hall
524 Blockhouse Bay Rd, Blockhouse Bay
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on 19th December 2020 at 5.30pm
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