Faysal Bank - Home Finance

FaysalBank

Head Office:	Faysal House, ST-02, Shahrah-e-Faysal Karachi
Contact Person:	N/A	Mobile:	N/A
UAN:	111 555 999	Phone:	N/A
Email Address:	info@faysalbank.com	Web URL:	www.faysalbank.com

Live a happy and carefree life, away from financial worries,in a way that is straightforward, affordable and easy to attain.
 

Faysal Home Finance is available for

·       Buying a new home

·       Building a new home

·       Remodeling or Renovation of existing Home

For Buying a Home

   * Maximum financing amount available is 70% of the market value of property
    * Repayment period is between 3 years to 20 years
    * Spouse income clubbing facility available in computing debt service ratio
    * Repayment in monthly installments
 

For Building a Home

·       Maximum financing amount available is 70% of value of land plus construction

·       Repayment period is between 1 year to 20 years

·       Spouse income clubbing facility available in computing debt service ratio

·       Repayment in monthly installments

·       Disbursement of approved facility amount to be made in tranches corresponding with construction schedules

For Renovating or Remodeling a Home

·       Maximum financing amount available is 50% of the market value of property or Rs. 20 million, whichever is lower

·       Repayment period is between 3 years to 20 years

·       Spouse income clubbing facility available in computing debt service ratio

·       Repayment in monthly installments

·       Disbursement of approved facility amount to be made in tranches corresponding with construction schedules

Eligibility Criteria

·           Applicant to be between 21 years to 60 years of age

·           Resident of Pakistan or a non-resident Pakistani

·           With 2 years of employment of which at least 1 year at present place of employment or 3 years of established business

·           Qualifying income to debt ratio 60 : 40 (i.e. maximum installment not higher that 40% of your Net Disposable Income which includes all credit commitments including Faysal Housing Finance facility)

·           Applicant is a tax payer and holds a valid NTN

Documents Required
(application form available at any branch of Faysal Bank)

·       Copy of CNIC (please bring original CNIC for verification)

·       2 recent photographs (passport-sized)

·       Tax returns for past 3 years

·       NTN Certificate

·       Copy of last month’s Utility Bill (any one utility)

·       Professional degree (for self-employed professionals)

·       Proof of last drawn salary (for salaried applicants)

·       Salary certificate from the employer (for salaried applicants)

·       Bank Statement for past 12 months (for past 24 months for self employed professionals and businesspersons)

·       Audited Company Financials for the last 2 years (for businessmen & self-employed professionals)

·       Proprietorship letter (if proprietorship concern)

·       Partnership Deed / Registered partnership deed (if partnership concern

1  For Eligible Financing Limits Under Each Product Category 2  For Frequently Asked Questions 3  For Loan Calculator 4  For Branches Offering Housing Finance 5  To Download Form