|Nature of Finance||Murabaha finance for Salaried persons|
|Tenure||01 to 05 years|
|Pricing||Pricing as per declared in monthly Circulars|
|Eligibility criteria||Pakistani national, including AJK|
|age||22 to 58 years|
|Period of employment||03 years or more in Permanent cadre|
|Income of Applicant||Net take home Salary to be minimum Rs. 15,000/- & installment should not be more than 33% of the net take home income or 50% corrective installments not to exceed salary other loans|
|Maximum Amount||Rs. 1.00 Million or 15 net take home salary, whichever is less|
RAAST CONUMER MURABAHA” SALARY FINANCING POLICY
For Govt.& semi Govt./Local Bodies Employees
Terminal Benefits are sufficient to cover sum of installments.
Terminal Benefits are not sufficient but at-least cover 75% or more total financing amount.
Terminal Benefits are not sufficient but at-least cover 50% to 74% of total financing amount.
|For Private Organization employees||
Lien on Provident fund/end service benefits.
|Mode of Payment||Post dated cheques|