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Askari Bnak Limited (AKBL) Mortgage Finance

Askari Bnak Mortgage Finance

Askari Bank Limited introduced Mortgage Finance Scheme for their customers in Pakistan.

This type of loan is extended to customers who already own a piece of land and need funds to meet cost of constructing property on that land. The disbursement of this loan is made in four tranches during the construction phase depending upon the Bills of Quantity (BOQ) submitted by the customer and the quantity and quality of construction done.

Mortgage Finance by Askari bank

This loan type is extended for the customers who want to buy a plot and construct a property on that plot. The disbursement of this loan is made in lump sum for the purchase of plot and then in four tranches during the construction phase depending upon the bills of quantity (BOQ) submitted by the customer and the quantity and quality of construction done. The bifurcation of limit for purchase of plot and construction will be applicable as per prevailing SBP prudential regulations.

Documents:

Two passport size photographs
Last two months original salary slips or attested photo copies
Last 1 year bank statement
Copies of the documents/other supporting documents of the property to be placed with the bank as security
Sole Partnership Concerns: Attested copy of CNIC
Two passport size photographs
Proprietorship certificate from bank indicating title and account opening date
Copy of title documents or rent deed of business premises
Last 1 year bank statement (business/personal)
Copy of the title documents/other supporting document of the property to be placed with the copies as security
Copy of the latest income tax return or NTN Certificate or other levy able payment receipts
Partnership Concerns: Attested copy of CNIC
Two passport size photographs
Partnership Deed and Bank Certificate indicating title and account opening date
Copy of title documents or rent deed of business premises
Last one year months bank statement (business/personal)
Copy of the title documents/other supporting document of the property to be placed with the copies as security
Concerns of the latest income tax return or NTN Certificate or other levy able payment receipts
Director of Limited Companies: Attested copy of CNIC
Two passport size photographs
Bank Certificate indicating title & account opening date.
Copy of the title documents or rent deed of the business premises
Last 1 year bank statement (business/personal)
Copy of the title documents/other supporting documents of the property to be placed with the bank as security
Copy of the latest income tax return or NTN Certificate or other levy able payment receipts

How to Apply:

You can apply by visiting our Branches or by calling at our 24 hrs call center at 111-000-787. Our dedicated staff will help you complete your loan application form and other formalities.
You can also submit your details here, our staff will contact you.
An Individual must fulfill the following requirements to be eligible for applying Home Loan:
Must be a tax payer
Must have a valid Computerized National Identity Card (CNIC)
The portfolio acquired through Mortgage Finance program shall include properties only in urban residential areas of major cities. New cities can be added only after setting up verifications & collections infra-structure.
Aggregate debt burden will be considered. Debt burden inclusive of all existing and proposed liabilities should not exceed 50% of net disposable income OR as per SBP Prudential in force.
Lien Marking, Equitable plus Token registered mortgage/full registered mortgage/mortgage under section 58(f) of transfer of property act 1882.

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