Home Loan


Target Group: Employees working with Govt./parasitals/ reputed organizations.   Self Employed persons 

Purpose:

      (a) For construction /acquisition of new dwelling unit
      (b) For purchase of old dwelling unit not more than 5/7 years
      (c) For purchase of plot and construction of house thereon
      (d) For repair/ renovation 

Eligibility: salaried person 25 times of Gross salary, Self Employed person 2.50times of gross annual income as per BURS return. For salaried person satisfactory operative account should be with us for at least 6 months.

Max amount-P2.50mn. 

Interest: From Prime plus 2 % to Prime rate depending upon the value of security and repayment capacity, take home salary, cash margin provided etc

Repayment Period- Maximum180 months including moratorium

Margin: 25% on construction/ repair and renovation 30% on purchase of old dwelling unit and 35% on purchase of plot  

Security: Mortgage of property

Other: Deductions not to exceed 60% of the total salary

Arrangement fee: Processing charges-0.50% minP300, Documentation Charges P300.  Legal charges actual