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Now they have also added another option of a home financing by Meezan Bank. In the case of Meezan Bank the provided loan is not only for the construction but also purchase of plots -- although in each case, you will have to construct through the loan as well since that is DHA Multan's primary interest in the loans, I suppose.
To ne specific, the loan is available for purchase of constructed villas, purchase of residential plots and the construction on it, and construction of houses.
In this case, the tenure runs between 3 to 20 years and you can settle the loan early.
The 'profit' rates are quite decent in this case as well though slightly higher than Bank Al-Habib loans. KIBOR+2% p.a. And they will finance up to 75% of the value of the property (for salaried people).
142 days ago