Home loan

Features

• Competitive interest rates
• Loan repayable before the client reaches 65 years old (for Self-Employed up to 60 years)
• 100% financing (for construction purpose).
• Tenure: 30 years. 

Affordable House Plan

Please contact the Technical Business Unit for more info on 405 5555

What are the documents required?

• Proof of identity
  • Birth certificate, national identity card and marriage certificate or divorce certificate (if applicable) of the borrower and spouse and/or co-applicants/usufruct owners/guarantors and those holding rights in the property. 
• Proof of income
  •  Salaried clients should produce 3 preceding salary slips and bank statements. 
  • Self-employed clients should produce their certificate of employment/BRN and 12 preceding bank statements. 
  • MRA Return
• Other documents required
  • title deed of property 
  • memo of survey & site plan 
  • location plan 
  • development & building permits 
  • 1 copy of the plan of the house to be constructed 
  • proof of employment 
  • your last PEL receipt 
  • For clients working abroad: work permit & visa (5 years minimum)
• Additional conditions
  • The client will be requested to contribute the equivalent of an instalment of one-month loan (six months for clients working abroad) in his/her PEL account, which will be locked over the loan period.
  • New clients will be required to make a minimum monthly contribution of Rs300 in his/her savings (PEL) account. This contribution will be locked and no withdrawal will be allowed until the loan is repaid in full with accessories.