Home Buyer: This type of facility allows customers to purchase an already constructed property.
Home Builder/ Plot + Construction: This type of facility is extended to customers who already own land / want to purchase a piece of land and need funds to meet the cost of constructing property.
Home Renovation: This facility is offered to customers who already own a property and require funds for renovation.
Home Re-finance: (Transfer of existing home finance facility): This type of facility allows customers to transfer existing home finance facilities from any other bank to Faysal Bank Limited Islamic Banking.
- Floating rate (Linked with 1 year KIBOR)
- Quick processing with minimum documentation
- Minimum limit of PKR 500,000 and Maximum of PKR 150 Million or up to (80%) of the appraised property value.
- Tenure ranging from 1 to 20 years.
- Flexibility to make partial pre-payments.
- Property Takaful coverage.
- Property rental income can be considered as primary or additional to basic income.
- Income clubbing option of close relatives (Parents, Spouse & Children Only).
- Non-Resident Pakistanis (NRPs) are also eligible to apply subject to fulfillment of documentary requirements.
Citizenship: Pakistani
Cities: Karachi, Lahore, Islamabad, Rawalpindi.
Income:
- Salaried (Approved Company) – Minimum PKR 100,000 per month for permanent & Minimum PKR 150,000 per month for contractual employees.
- Salaried (Unapproved Company) - Minimum PKR 150,000 per month.
- SEP – Minimum PKR 150,000 per month.
- SEB – Minimum PKR. 200,000 per month.
- NRP – Minimum USD 4,000 per month.
Age Limit:
- Salaried – Minimum 21 Years and Maximum 60 Years at the time of maturity.
- SEB/SEP – Minimum 21 Year and Maximum 70 Years at the time of maturity.
Employment Tenure:
- Salaried (Approved Company) - No requirement for permanent employees & minimum 1 Year for contractual employees.
Salaried (Unapproved Company) – Minimum 2 Years employment tenure. - SEB/SEP – 2 Years of continuous service in current business/profession business proof through (Bank certificate / NTN certificate / Partnership Deed / Certificate of Incorporation / Form A / Form 29, etc.)
- NRP – Minimum 2 years of continues employment (salaried) & Minimum 2 years in current Business/Industry.
- Copy of CNIC.
- 2 Passport Size Photographs.
- Last six (06) months’ Salary Slips.
- Salary/Employment Certificate (Designation, Date of Joining, employment status, Salary Breakup)
- Last 12 months Bank Statement with salary reflection (Original with bank stamp)
SEP/SEB
- Copy of CNIC.
- 2 Passport Size Photographs.
- NTN Certificate.
- Last 2 Years Tax returns
- Last 12 months’ bank statement (Original with bank stamp)
- Proprietorship certificate (Original)
- Partnership Deed, Form A, Form 29 / Article of Memorandum and Certificate of Incorporation.
- Professional Degree / Diploma / Valid membership of applicable professional body.
NRP (Salaried and Self Employed Professionals Only):
- Copy of NICOP / Passport / Work Permit.
- 2 passport size photographs.
- Last six (06) months’ salary slips.
- Salary/Employment Certificate (Designation, Date of Joining, employment status, Salary Breakup).
- Last 12 months bank statement with salary reflection.
- All documents to be attested from Pakistan Consulate or Notary Public of resident country.
- Email ID / Contact Number and Person Name for verification of Salary Slips and Employment Certificate.
- One guarantor from Pakistan (compulsory).
*Terms & Conditions Apply