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Home Finance


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Barkat Home Finance is based on the principles of Diminishing Musharakah. This is a medium and long term financing product, where the Bank and the customer jointly purchase an asset and create joint ownership in the asset. The Bank rent out its share in the asset to the customer while the customer periodically purchases units of ownership in the asset from the Bank. After purchase of all the units the customer becomes the sole owner of the asset.

Product Features & Benefits

Faysal Bank Limited Barkat Home Finance is offering four product variants:

  • Home Purchase: This type of facility allows you for the purchase of constructed property.
  • Home Builder/ Plot + Construction: This type of facility is extended to customers who already own land / want to purchase a piece of land and need funds to meet the cost of constructing property.
  • Home Renovation: This facility is offered to customers who already own a house and require funds for renovations.
  • Home Re-finance (Transfer existing home finance facility): This type of facility allows you to transfer your existing home finance facility from any other bank to Faysal Bank Limited Barkat Islamic Banking.
  1. Quick processing with minimum documentation
  2. Minimum Limit PKR 500,000/- and Maximum 100 Million or up to 75% of the appraised value of your property.
  3. Tenure from 1 to 20 years (For Home Renovation minimum 2 and maximum is 15 Years)
  4. Flexibility to make Partial Pre-payments
  5. Property Takaful coverage.
  6. Accidental death Takaful coverage
  7. Property rental Income can be considered as primary income or additional to the basic income.
  8. Income clubbing option with close relative.
  9. Non- resident Pakistanis (NRPs) are also eligible to apply for home finance facility. Documents required

Eligibility Criteria

  • Citizen Ship:
    • Pakistani
  • Cities:
    • Karachi
    • Lahore
    • Islamabad
    • Rawalpindi
  • Income:
    • Salaried – Rs 100,000 for Approved Companies and Rs 150,000 for Unapproved Companies
    • SEB/SEP – Rs 200,000
    • NRP – 4,000 USD
  • Age Limit:
    • Salaried – Min 21 Years and Max 60 Years at the time maturity
    • SEB/SEP – Min 21 Year and Max 65 Years at the time of maturity
    • NRP – Min 21 years and Max 60 Years at the time maturity
  • Employment Tenure:
    • Salaried – No employment tenure for Approved Companies
      2 Years employment tenure for Unapproved Companies
    • SEB/SEP – 2 Years business proof through (Bank certificate / NTN certificate / Partnership Deed / Certificate of Incorporation / Form A / Form 29, etc.).
    • NRP – Minimum 2 years continues job

Documents Required:

  • Copy of CNIC
  • 2 Passport Size Photographs
  • Last six months’ Salary Slips (Original)
  • Salary Certificate / Employment Certificate (Designation, Date of Joining, Permanent – Status, Salary Breakup)(original)
  • Last 12 months Bank Statement (Original)
  • Copy of Complete property documents

  • Copy of CNIC
  • 2 Passport Size Photographs
  • NTN Certificate
  • Last 2 Years Tax returns
  • Last 12 months bank statement (Original)
  • Proprietorship certificate (Original)
  • Last 2 years Tax returns of individual person
  • Form A
  • Form 29
  • Article of Memorandum
  • Certificate of Incorporation
  • Valid Certificate of Pakistan Medical dental Council(PMDC)
  • Valid certificate of Pakistan Engineering Council (PEC)

  • Application Form properly filled and signed by customer.
  • Copy of CNIC
  • 2 Passport Size Photographs
  • Copy of Passport (Each Page)
  • Last 12 Months Salary Slips(Original and with HR Stamp)
  • Employment Certificate (Designation, Date of Joining, Permanent Status, Salary Breakup) (Original)
  • Last 12 Months Bank Statement with Salary Reflection(Original and with Bank Stamp)
  • Valid Pakistan medical Dental Council Certificate (PMDC)(For Doctors only)
  • Valid Pakistan Engineering Council Certificate(PEC)(For Engineers Only)
  • All documents attested from Pakistan Consulate or Notary Public of resident country.
  • Provide the email ID / Contact Number and Person Name who will be verify the Salary Slips and Employment Certificate
  • One guaranty from Pakistan.
  • Copy of Complete Property Documents

Contact Details:

For Karachi:
Shoaib Siddiqui – 0300 8297226

For Lahore:
Syed Mazhar Arslan – 0321 9449778

For Islamabad:
Sohail Akram – 0333 5562444

phone

Call Us or Text Us

Our hotline is available 24X7

Tel: 111-06-06-06

Text 9181

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Nearest ATM & Branch

ATM - Bahria Town (Pvt) Ltd, Head Office, Customer Support Center, Super Highway, Karachi

Branch - Bahria Town (Pvt) Ltd, Head Office, Customer Support Center, Super Highway, Karachi