A housing scheme offered under the Shariah-compliant guidelines of Diminishing Musharakah mode of financing, offers you a convenient and affordable option to get the house of your dreams
A Shariah compliant home finance facility enabling you to get the house of your dreams.
KEY FEATURES
- Purchase of completed residential property, construction of house including land purchase, renovation of house/apartment or replacement (BTF) of existing mortgage facility
- Financing limit between PKR 2,000,000 to PKR 75,000,000/-
- Equal monthly instalments
- Payment tenure from 3 to 25 years
- Financing up to 70% of property value
- Property and life takaful
CRITERIA
SALARIED INDIVIDUALS:
- Applicant must be a Pakistani citizen.
- Applicant must be 25 years or more at the time of financing application and 60 years or less/ retirement age, whichever is lower at the time of financing maturity.
- Monthly income must be from PKR 50,000/ or above.
SELF-EMPLOYED BUSINESS PERSONS/PROFESSIONALS:
- Applicant must be a Pakistani citizen
- Applicant to be 30 years or more at the time of application and 65 years at maturity of financing.
- Monthly income must be from PKR 100,000/ or above.
NON-RESIDENT PAKISTANI (SALARIED INDIVIDUALS):
- Applicant must be a Pakistani citizen.
- Applicant must be 30 years or more at the time of financing application and 60 years or less/ retirement age, whichever is lower at the time of financing maturity.
- Monthly income must be equivalent to Pak Rupees PKR 400,000/- or above.
DOCUMENTS REQUIRED
SALARIED INDIVIDUALS TO PROVIDE:
- Copy of valid CNIC/NICOP/SNIC
- Two recent passport size photographs
- Original salary certificate stating date of joining and cadre of employment.
- Latest three original/attested salary slips
- Twelve months’ bank account statement where salary is credited.
- Proof of five years’ occupation (business or profession)
SELF-EMPLOYED BUSINESS PERSONS/PROFESSIONALS TO PROVIDE:
- Copy of valid CNIC/NICOP/SNIC
- Two recent passport size photographs
- Proof of five years’ occupation (business or profession)
- Bank certificate stating Title/ CNIC#/ Account#/ A/c Opening Date/ Business Entity/ Authorized Signatory Name
- Bank statement for last 12 months
NON-RESIDENT PAKISTANI (SALARIED INDIVIDUALS):
- Salaried individuals only
- Non-Resident Pakistanis residing in GCC countries only (UAE, Saudi Arabia, Qatar, Bahrain, Oman, Kuwait)
- Applicant must be having Pakistani nationality
- Applicant must be 30 years or more at the time of financing application and 60 years or less/retirement age, whichever is lower at the time of financing maturity
- Minimum monthly income must be equivalent to PKR 400,000/-
- Total 5 years work history (permanent or contractual) with at least 2 years with the current employer
You can also visit one of our branches, call 111-425-425, or click below to apply