Over the past decade, the growth in Pakistan’s population completely outstripped the expected and suggested numbers. The sudden hike in population also introduced bigger challenges such as affordable housing, deterioration of living standards, and overcrowding of neighbourhoods and localities. Thankfully, a few financial institutions, particularly Escorts Investment Bank Limited (EIBL), are making it possible for you to acquire a home of your dreams in the glorious housing project of Bahria Town.
“The main aim of Bahria is to promote low-cost housing, and Malik Riaz aims to provide loans in line with Shariah. If God will, Escort Investment Bank will be a game-changer for Bahria Town projects”, said the CEO of EIBL.
About Escorts Investment Bank – A Partner of Zameen.com
It is quite common for Escort Investment Bank Limited to be informally called Bahria Town Bank. Controlled and managed by the Securities Exchange Commission of Pakistan (SECP), EIBL is fast-becoming a new benchmark for success among banks that provide home loan facilities for real estate investment in Pakistan. Furthermore, EIBL is also becoming synonymous with easy financing solutions since the bank offers several innovative deposit schemes and financing options, specially customised for investing in the projects by Bahria Town.
The bank specialises in the domain of home-financing solutions and focuses on providing house loans with overcomplicating matters. The investment bank works under the umbrella of a Non-Banking Financial Company (NBFC) structure, which is also composed and supervised by the SECP.
Let’s take a look at how Bahria Town Bank lives up to its core values and its stakeholders!
The Vision of Escorts Investment Bank Limited
The bank is committed to providing several value-added services while remaining extremely focused on delighting its stakeholders. As they say and we quote, the bank’s vision is “Value addition for our stakeholders through enhanced business activity and emphasis on better Risk Identification and Management as opposed to Risk Avoidance.”
The Mission of Escorts Investment Bank Limited
The marketing collateral and market standing of any institution are incomplete without its mission statement, communicated clearly to its investors, stakeholders, and customers. Building on Bahria Town’s reputation of trustworthiness and reliability, the management of the bank aims to, “Build Escorts Investment Bank Limited into an elite institute comparable with, if not better than, any top quality local or foreign financial institution, in terms of a progressive corporate culture and an autonomous, committed and dedicated Executive Management with an eye on the future.”
Home Construction Loan & Other Services by Escorts Investment Bank
Globally, the role of the construction industry is acknowledged and acclaimed to be a plus for a country’s well-being. In the context of Pakistan, investing in housing schemes leads to economic growth, while a decline in real estate investments can slow down the overall economic progress. Hence, house financing is labelled as a leading economic indicator. In order to contribute to Pakistan’s growth, EIBL has introduced four types of financing solutions for the masses, including House Finance Services, Certificates of Deposit, Micro Finance, and Corporate Finance.
To begin with, Escorts Investment Bank Limited understands the needs and realises the dreams associated with owning a house. So, the bank facilitates its customers and provides advisory services on structuring finance plans that best suit a property seeker’s income and requirements. EIBL House financing encompasses home loans that are issued upon the purchase/construction of a house/apartment, the start of development following the acquisition of land, and home renovations as well.
Moreover, acquiring a home loan from Bahria Town Bank is super easy if:
- You have a valid national identity card
- You have an authorised business or proof of employment
- You are aiming to use the property for domestic and household purposes
- You can afford to pay the instalments
- You are acquiring property in major cities of Pakistan including Karachi, Lahore, Islamabad, or Rawalpindi
Additionally, the bank’s representatives will further evaluate the applicant on the following mentioned determinants of home loan affordability:
Age (at the time of applying)
23 to 55 years (for salaried individuals)
23 to 57 (for Self-employed Professionals (SEP)/Self-employed Business (SEB)/others
-For Salaried Individuals (local/expat):
Permanent employees: Currently working with total employment experience of at least 02 years
Contract-based employment: Currently working with at least 02 years of experience
Total-experience or contract of at least 03 years
-Others: verified income statement of at least 02 years without any gap
|Minimum monthly income||-Local salaried individual: PKR 120, 000 (from all sources)|
-USD 5000 or equivalent for salaried expat
-SEP/SEB/Others: PKR 150,000
3-20 years (based on maturity age i.e., 60 years)
Credit facility for existing consumers
|Not more than 50% of net income|
The bank also enables its customers to increase their eligibility criteria and improve their financial plan by adding a co-borrower and cancelling additional services.
Besides home loan, the bank also offers three other services, as mentioned earlier: Microloans, corporate finance, and issuance of certificates of deposits in:
- Super Saving Certificate (SSC)
- Monthly Profit Certificates (MPC)
- High-Income Certificates (HIC)
- Money Multiplier Growth (MMG)
- Income Growth Certificates (IGC)
Branches of Escorts Investment Bank in Three Major Cities of Pakistan
EIBL started its operation with a branch in Bahria Orchard, Lahore, during 2018. As of now, the bank has branches in all the major cities of the country, including Karachi, Lahore, Islamabad, and Rawalpindi. You can reach the nearest branch at the following address:
Karachi Branch Address: Bahria Town Head Office, Bahria Town Karachi.
Contact Number: 021-38651556-7
Lahore Branch Address: Bahria Town Corporate Office, Bahria Orchard, Raiwand Road, Lahore.
Contact Number: 042-3545-1300 and 042-3545-1467
Islamabad/Rawalpindi Branch Address: Bahria Town Head Office, Phase VIII.
Contact Number: 051-5426528 and 051-5426529
Additional Contact Information
The financial institution is focused on two critical factors: “Enhanced Factors” and “Sustainable Growth” and the management plans to achieve these by spreading their range in terms of products and services along with the capacity building of human resources. Here’s how you can reach the bank’s representatives:
Toll-Free Number: 0800-03425
UAN: (042) 111-003-425
So, if you own a plot in any project of Bahria Town anywhere in Pakistan and you are ready to develop the plot into the home of your dreams, then Escort Investment Bank should be your first pick!
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Cover Image Credits: Official Facebook page of Escorts Investment Bank