Housing and Business (Enterprise)
Loan for individuals who wants to construct a new house, want to have extra construction on their existing house or want to renovate their house can apply for House Loan.
Purpose of loan
- House For Rent
- House For Construnction and furnishing development
- Starting New Business
- Working Capital For Day To Day Business
Product Features
|
Brand |
Housing and Business (Enterprise) |
|
Target Market
Age Eligibility |
|
|
Income Level |
Net of business income should be less then PKR 1,200,000 annualy |
|
Loan Amount |
Minimum Loan Amount Rs, 2 million/- |
|
Loan Duration |
Upto 12 Months |
|
Mark Up Rate |
As per applicable Schedule of Charges. |
|
Repayment Frequency |
Monthly (Having monthly income) |
|
Loan Processing Time (TAT) |
7 days from completion of required documents. |
|
Types of Collateral/Security |
Third Party Guarantee |
|
Early Closure |
Allowed and Markup will be charged on loan utilized period only. |
|
Late Payment Penalty |
Zero |
|
CIB and NADRA Check |
The Bank does NADRA check and ECIB check on all customers. |
|
Insurance |
Free Credit Life Insurance. |
