- Applicant must hold a Pakistani citizenship irrespective of their country of residence
- Flexible financing tenure option – minimum 3 years to maximum 25 years (3 to 10 years for Alfalah Green Energy)
- Pricing will be based on 1 year KIBOR + Bank margin. It is floating rate option that changes every 12 months. Bank may offer “Hybrid Pricing” with fixed tenure for certain period and variable thereafter
- Life and property insurances at affordable rates to secure your financing and your home respectively. First year is payable in advance and subsequent portion is built in instalments
- Financing allowed on a reasonable property size located in secure locations with positive market aspect and market value
- Mode of repayment will be 12 post dated cheques for the first year, direct debit deposits will be accepted from the following year
- Clear legal opinion from the bank’s lawyer on property documents, pre and post disbursement legal requisite
- Fees, charges and government taxes apply
- All financing relationships require customer equity injection which differ based on customer’s risk profile and property to be mortgaged
*Bank may ask for any further documentation
