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