Product Features
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| Basic Eligibility Criteria |
* Must be Pakistani resident national, having satisfactory credit history.
|
| Products Offered |
* Home Purchase - HP (House or Apartment) |
| * Home Construction - HC |
| * Land Purchase plus Construction - LPC |
| * Home Improvement - HI |
* Balance Transfer Facility (BTF)
|
| Income |
* For Salaried Class: Minimum net take home may be considered as Rs. 35,000/- |
* For Business Persons & Self-Employed Professionals: Minimum net take home is PKR 150,000/-.
|
| Length of Service |
* For Salaried Class: Min 1 year with the current employer and collective & continuous |
* For SEB/SEP: Min: 3 years in the same business
|
| Debt to Equity Ratio |
* 85:15 for loan upto Rs 25 million |
| * 75:25 for loan over Rs 25 million |
| * 40:60 for HI or 5.0 million whichever is lower |
| |
| Mark-up Rate |
* For Salaried Class - 1 Year KIBOR + 2% |
* For SEP/SEB Class - 1 Year KIBOR + 3%
|
| Loan Tenor |
* Minimum: 3 years Maximum: 25 years (HP/HC/LPC/BTF) |
* Minimum: 3 years Maximum: 15 years (HI)
|
| Debt Burden Ratio (DBR) |
* Maximum up to 50% (DBR is linked with Net Income)
|
