Mode of Finance
To cater the Conventional and Islamic financial institutions, both mode of financing is available.
- Conventional
- Islamic
Eligibility Criteria
Federal and provincial government employees and armed forces in permanent cadre. Contractual employees will not be eligible to avail financing under this facility.
Mandatory Security Features in Housing Finance Product
Letter/Undertaking from AGPR/DDO/Payroll Officer/Military Accounts Office/Any relevant office holder authorized to disburse employee’s salary, to ensure [FI name] or its assignee having following conditions:
- It will deduct an amount specified by [FI name] or its assignee from retirement benefits of the Customer at the time of retirement to make balloon payment for adjustment of outstanding loan.
- It shall keep the employee’s end-service benefits free of loan to the extent of the [FI Name] or its assignee outstanding loan amount.
Tenor
- up to 3 Years
Pricing
- Base Rate +/- Spread/discount
Repayment Frequency
- Quarterly/Half Yearly
