Lahore: DHA Peshawar has announced a finance facility for home construction in collaboration with Bank Al-Habib Limited, the administration of the project announced through their official Facebook page. The two organisations have agreed on a special mark-up rate for this purpose.
The details of the financing facility are as follows:
|Maximum Financing||PKR 10 – 15 million|
|Financing Tenure||1-25 years|
|Special Mark-up Rate||KIBOR + 1.75%|
|Security||Mortgage Over Property/Personal Guarantee|
Other features of the financing facility include:
- Life insurance of the applicant up to the financing amount (at the cost of BAHL).
- No additional charges in case of early settlement of loan
Branch managers of Askari-6 branch and Hayatabad branch have been designated the focal persons for the project. The Branch Manager of Aksari-6 branch, Amjid Saleem, can be reached at 0322-9057279, while the Branch Manager of Hayatabad branch can be reached at 0330-3586683.