Khushali microfinance bank limited Pakistan launch Khushali home plus scheme, under this home scheme bank is offering House loan scheme to all Pakistani house holders. The purpose of this house loan scheme is people can construct and make changing renovation their own existing house.
Khushali Bank will be provided loan facility up to 500,000/- for home maintenance expansion and construction purpose.
Loan eligibility criteria:
Any Pakistani national holders having CNIC / SNIC with age limit 25 to 60 years old.
The annual income of applicant should be equal to or less than PKR 600,000/- Per year.
The salaried persons must be working with current employer or company minimum from two years, And for businessman having business from two years.
Tenure: 6-36 Months
Repayment Options: Equal Monthly Installments
Collateral: For Loans up to PKR 250,000:
Co-borrower: For Loans equal to or greater than PKR 250,001 to PKR 500,000:
Co-borrower & Guarantor in case of self –employed individuals/ Post-dated Cheque of salary account for salaried individuals/ Post-Dated Cheque of Pension account or Copy of Pension Book in case of Pensioners.
Loan Ticket (minimum & maximum): PKR 50,001 to PKR 500,000
Service charges: 25% APR