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Faysal Tabeer

Faysal Tabeer offers convenient and affordable option to fulfill your residential requirements. Now you can buy a house / apartment or opt for construction finance in a complete Shariah compliant way using Diminishing Musharakah mode of financing.

Product Features and Benefits

Tier Size of Housing Unit Maximum Price of Housing Unit (PKR) Maximum Financing (PKR) Customer Pricing

(Rental Rate)

Tier 1 (T1) (NAPHDA* Projects) (a) House up to 125 square yards (5 Marla) with maximum covered area of 850 sq ft. and (b)Flat/apartment with maximum covered area  of 850 sq ft. 3.5 Million 2.7 Million ·    3% for first 5 years & 5% for next 5 years

·    For period exceeding 10 years =     1 year KIBOR + 2.5%

Tier 2 (T2)

(Non-NAPHDA Projects)

(a)House up to 125 sq yards (5 Marla) and (b) flat/apartment with maximum covered area of 1,250 sq ft. No Cap 6.0 Million ·  5% for first 5 years & 7% for next 5 years

·  For period exceeding 10 years =

1 year KIBOR + 4%

Tier 3 (T3)

(Non-NAPHDA Projects)

(a)House up to 250 sq yards (10 Marla) and (b) flat/apartment with maximum covered area of 2,000 sq ft. No Cap 10.0 Million ·  7% for first 5 years & 9% for next 5 years

·  For period exceeding 10 years =

1 year KIBOR + 4%

Financing Tenure Minimum 5 Years and maximum 20 years finance tenor.

Eligibility Criteria

  • All men/women holding CNIC.
  • First time home owner.
  • One Individual can have subsidized home finance facility under this scheme only once.

Security Requirements

As per banks’ credit policy and prudential regulations for housing finance, the housing unit financed will be mortgaged in favor of financing bank.

Documents required:

Document Original or Copy Self Employed Salaried
Product Disclosure Sheet Original Yes Yes
Valid Computerized National Identity Card (CNIC) (of both applicant and Co-partner, if applicable Copy Yes Yes
2 passport size color photographs each for applicant and co-partner (if applicable) Original Yes Yes
6 month Bank Statement (if applicable) Original Yes Yes
Facility Application form (FAF) including CF undertaking Original Yes Yes
Undertaking for first time homeowner Original Yes Yes
Title Document of the property to be mortgaged (if applicable) Copy Yes Yes
Bank Statement of 1 year (if available) (for businessman only) Original Yes Not Required
NTN or any other business proof document (if available) Original/Copy Yes Not Required
Current Salary Slip or Employer letter/ Salary Certificate (salary breakup and deductions to be clearly mentioned). Maximum of 60 days old salary slip may be accepted.

Original salary slip/e-slip does not require stamp or sign

Original/Copy Not Required Yes
Professional Degree & Or valid Membership of applicable Professional body Copy Yes Not Required
phone

Call Us or Text Us

Our hotline is available 24X7

Tel: 111-06-06-06

Text 9181

map Karachi

Nearest ATM & Branch

ATM - Engro Polymer & Chemicals Ltd. Plant Site EZ/I/P-II-I Eastern Zone, Bin Qasim

Branch - Engro Polymer & Chemicals Ltd. Plant Site EZ/I/P-II-I Eastern Zone, Bin Qasim