Bank of Punjab Residential Home Financing Program Say hello to the right dream with the Bank of Punjab’s Residential Home Financing Program. This project cuts across the white-collar workers as well as those in business ventures since the interest rates, and the repayment holidays are fairly attractive while the mortgage for house purchase or construction is very efficient.
Key Features
- Loan Amount: Borrow up to 10 million PKR.
- Tenure: The repayment schedules are provided up to 20 years’ duration.
- Financing Ratio: It can go up to 85% of the property value.
- Eligibility: For Pakistani residents, only for 21 to 65 year olds with stable income and good credit history.
- Required Documents
- To apply, you’ll need:
CNIC
- Salary slips or records of any earnings by the business.
- Bank statements for the last 6 to 12 months
- Property documents
- Employment verification
- Tax returns
- Application Process
- Consultation: For any of our products, if you go to a branch or call our customer care number.
Document Submission: Provide the required paperwork.
Credit Check: This institution then assesses your financial worth.
Property Valuation: It is used to ensure that the property’s value in the market corresponds with the loan amount.
Approval & Disbursement: Funds are disbursed immorally once approvals have been granted.
Why the Bank of Punjab?
The process of availing a loan with the Bank of Punjab is affordable and flexible, and the bank always supports the customer. Whether the home is to be purchased or built, this program puts home ownership in the grasp of the common man or woman.
For more details visit any branch, approach their website or call the helpline number today itself.