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Suhana Ghar by Bank of Khyber | Best Bank for Home Loan 2021

The Bank of Khyber offers Suhana Ghar Scheme for all salaried employees of government, semi government, autonomous bodies, either in national/ multinational companies and also fixed term employees of UN agencies & foreign embassies. Additionally, self-employed professionals & businessmen can also apply for this scheme.

Scheme Name:

·         Bank of Khyber “Suhana Ghar” Finance

Eligibility Criteria:

·         Having valid Computerized National Identity Card (CNIC)

·         Age limit for this finance is 22 to 55 years for employed person and 22 to 60 years for businessman.

·         Minimum 5 years in business/service.

·         Minimum monthly Income will be thirty thousand only (PKR 30,000/-).

Target Customers:

·         All Salaried employees of government, semi government, autonomous bodies, either in national/ multinational companies and also fixed term employees of UN agencies & foreign embassies

·         Self-employed Professionals & Businessmen.

Loan Amount:

·            Construction & Purchase: seventy five percent (75%) of cost which maximum up to PKR 40 million

·            Renovation: seventy five percent (75%) of cost which maximum up to PKR 5 million

Repayment Period of Loan:

  • Purchase & Construction: five (5) to twenty (20) years, the installment will be on monthly basis.
  • Renovation: three (3) to ten (10) years, the installment will be on monthly basis.

Others:

·         The insurance of compulsory life & property.

·         Availability of balance transfer facility.

·         The maximum construction period up to 12 months

·         The parents, spouse and adult son(s) can be as co-applicant.

·         The allowed of partial & pre-mature adjustments.

·         The loan is also available in Islamic mode of financing.

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