FWBL Housing Finance for Low Income Groups will offer the following options to its customers:
- Home Purchase
- Home Construction (Residential Land + Construction)
- Home Renovation/Extension
LOAN AMOUNT
Minimum: Rs.500, 000/-
Maximum: Rs. 4,500,000/-
LOAN TENURE
Minimum: 3 years
Maximum: 20 years
MARKUP
1 Y KIBOR + 2 (with an 8% floor rate)
(0.5% discount would be allowed for women.)
PROPERTY VALUE
Financing is to be allowed only for properties valued up to Rs. 5 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
-
Salaried Person: Pakistani Citizen-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
- Permanent employee with a minimum of 3 years of continuous employment
- Self-employed businessperson or professional
- Monthly net income should not exceed PKR 100,000 per month, and household should not exceed PKR 140,000 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 (%)
