Consumer Lending

Faysal Home Finance

Live a happy and carefree life, away from financial worries in a way that is simple, within your means and easy to reach.

Faysal Home Finance offers a variety of leasing options to suit your needs. Our different options include:

Buying a new Home

  • Maximum financing amount available is 75% of the market value of property.
  • Repayment period is between 1 to 20 years.
  • Spouse income clubbing facility available in computing debt service ratio.
  • Repayment in monthly installments.

Building a Home

  • Maximum financing amount available is 75% of the value of land plus construction.
  • Repayment period is between 1 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.

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 1 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 to 60 years of age.
  • Resident of Pakistan or a Non Resident Pakistani.
  • Approved Companies: No Minimum tenure of employment is required if the customer is a permanent employee. Minimum 3 years employment tenure is required in the same company for Contractual employees.
  • GOP Employees: Only permanent employees with minimum 1 year continuous (6 months current) employment.
  • Unapproved Companies: Only permanent employees with minimum 2 years continuous (12 months current) employment.
  • SEP/SEB: Min. 2 years in current business/Industry required.
  • NRP Salaried: Minimum 2 Years continuous.
  • NRP SEP only: Minimum 2 Years in current Business/Industry.
  • Qualifying income to debt ratio 60: 40 (i.e. Max installment not higher than 40% of your Net Disposable Income, which includes all credit commitments as well as Faysal Housing Finance facility).
  • Applicant is a tax payer and holds a valid NTN.

Documentation

(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 the 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)

For Eligible Financing Limits Under Each Product Category Click Here
For Frequently Asked Questions (FAQs) Click Here
For Loan Calculator Click Here
For Branches Offering Housing Finance Click Here
To Download Form Click Here

To apply for the Faysal Home Finance or for further details, please call our Customer Interaction Centre at 111 06 06 06.