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Khushhali Home Plus Loan Scheme

Khushhali Home Plus

Khushhali Microfinance Bank introduce Khushhali Home Plus Loan Scheme for their Customers in Pakistan.It is Individual Micro-housing Loan for for New construction and Structural Changes or Renovation in the existing house.

Product Name

Khushhali Home Plus

Product Type

Individual Micro-housing Loan

Product Purpose

Loan for New construction and Structural Changes or Renovation in the existing house.

Loan Eligibility Criteria

Age: 25 -60 years (65 years for Pensioners)

Annual income of Applicant should be equal to or less than PKR 600,000 per year

Residing in the house/ ownership of the house (if the property has been given on rent) for at least 1 year

Salaried individuals must be working with the current employer for at least 2 years

2 years business experience

NADRA CNIC/ SNIC holder

Tenure

6-36 Months

Repayment Options

Equal Monthly Installments

Collateral

For Loans up to PKR 250,000:

Co-borrower

For Loans equal to or greater than PKR 250,001 to PKR 500,000:

Co-borrower  & Guarantor in case of self –employed individuals/ Post-dated Cheque of salary account for  salaried individuals/ Post-Dated Cheque of Pension account or Copy of Pension Book in case of Pensioners

Loan Ticket  (minimum & maximum): PKR 50,001 to PKR 500,000

Service charges: 25% APR