Types of House financing

Purchase, Construction, BTF, Renovation

Aggregate Exposure

PKR 40 million per client (for construction & purchase of house) PKR 5 million (for improvement/renovation of house). For Balance Transfer Facility the maximum limit shall be PKR 40 million or actual outstanding amount whichever is less.

Pricing

Pricing as per declared in Monthly Circulars

Construction Periods

Completion time for construction of a house should not be more than 12 months from the release of first tranche

Debt Equity Ratio

For purchase of House 75:25

For Construction of House/Apartment       75:25

For Improvement/Renovation75:25

For Actual Outstanding

Tenure

For Purchase of House /Apartment05 to 20 years

For Construction of House 05 to 20 years

For Improvement/Renovation 03 to 10 years

For up to Remaining period of facility

Age of applicant

Salaried Person Between 22 and 55 years.

Businessman Between 22 and 60 years

Period of Employment

employment history of at least 5 years

For Businessmen

aleast 5 years

Income

Minimum income required is Rs. 30,000/-

Mode of payment

Post Dated cheques