Bank Islami Loan | Naya Pakistan Housing Scheme Loan | Bank Islami Car Loan

Bank Islami Loan | Naya Pakistan Housing Scheme Loan | Bank Islami Car Loan | Bank Islami

House Value Tier Wise:
Maximum Price of Housing Units
Maximum Price (Market Value) of a single housing unit at the time of approval of financing, as under
Tier 1 (TI) – Rs. 3.5 Million
Tier 2 (TII) – No Cap
Tier 3 (TIII) – No Cap

Financing Amount Tier Wise:
Maximum Financing Size
Maximum size of the financing of a single housing unit, as under
Tier 1 (TI) – No Minimum Requirement to Maximum PKR 2.7 million
Tier 2 (TII) – No Minimum Requirement to Maximum Rs. 6.0 Million
Tier 3 (TIII) – No Minimum Requirement to Maximum Rs. 10.0 Million

Subsidized Profit Rate Tier Wise:
Tiers
Customer Pricing
Tier 1 (TI)
3% for first 05 years & 5% for next 05 years
Tier 2 (TII)
5% for first 05 years & 7% for next 05 years
Tier 3 (TIII)
7% for first 05 years & 9% for next 05 years

For financing exceeding 10 years, the Bank pricing will be applicable for the period exceeding 10 years.

Tenure Tier Wise:
Tenure for all the tiers
Minimum 5 years and maximum 20 years financing tenure, depending upon choice of customer.

Bank Islami Car Loan

BankIslami’s Islami Auto Finance offers you the Convenience to get the car of your choice, the Shariah Compliant way.

Special Offer – For all new locally assembled & noncommercial vehicles
Vehicles    For Residual Value Ijarah: Suzuki, Toyota & Honda
Period of facility    1, 2, 3, 4, 5, 6 & 7 years
Advance Rent /Security deposit    Minimum 15% of the cost of the vehicle

Required Documents
Application form duly filled and signed by the applicant
Copy of recent pay slip/certificate showing – For Salaried individuals.
Business Proof – such as bank certificate confirming proprietorship, NTN, business Association letter or tax return etc. is required – For businessman.
Copy of last six months bank statements
One recent photograph.
Specimen Signature card preferably on bank’s prescribed format

Citizenship              Pakistani
Income                   Minimum Rs. 40,000 to 50,000 (Net Disposable)
Age Limit               For Salaried:
Minimum 21 Year (At the time of Booking/ Financing)
Maximum 60 Years (at the time of Maturity)

For Businessmen/ Self Employed Professionals (SEP’s)
Minimum 21 Years (At the time of Booking/ Financing)
Maximum 65 Years (At the time of Maturity)