FWBL Housing Finance for Middle Income Group will offer the following options to its customers:
- Home Purchase
- Home Construction (Residential Land + Construction)
- Home Renovation/Extension
- Salaried Person: Permanent employees of government, semi-government, local government bodies, the army, autonomous and semi-autonomous bodies, multinational companies, public limited companies, and private limited companies
- Self-employed businesspersons or professionals
LOAN AMOUNT
Minimum: Rs. 500,000/-
Maximum: Rs. 8,800,000/-
LOAN TENURE
Minimum: 3 years
Maximum: 20 years
MARKUP
1 Y KIBOR + 2.5 (floor rate: 8.5%)
(0.5% discount would be allowed for women)
PROPERTY VALUE
Financing is to be allowed only for properties valued up to Rs. 11 million
EQUITY REQUIREMENT
A minimum of 15% of the property's value
DOCUMENTATION
SALARIED INDIVIDUALS TO PROVIDE
- The applicant must have a valid CNIC
- Clean credit history
- Two recent passport-size photographs
- Salary Slips of attested salary certificates for the last three months
- Bank statement for 6 months
- Copy of property documents
SELF-EMPLOYED BUSINESS PERSONS/PROFESSIONALS TO PROVIDE
- The applicant must have a valid CNIC
- Clean credit history
- Two recent passport-size photographs
- Proof of occupation or business
- Bank statement for the last 12 months
- NTN/Tax returns
- Copy of property document
HOW TO APPLY
All FWBL Branches
* Terms and Conditions apply
- The applicant must be a Pakistani national
- Permanent employee with a minimum of 3 years of continuous employment
-
Monthly net income (net of taxes and pension contributions) for individuals should not exceed PKR 200,000 per month, and
household income should not exceed PKR 250,000 per month.
-
The minimum age requirement is 23 years or more at the time of loan application and 60 years or retirement age,
whichever comes first, at the time of loan maturity.
- The minimum age requirement is 21 years or more at the time of loan application and 65 years at loan maturity.
Your monthly
installments will be just
installments will be just
PKR
500000
Pricing (%)
