Housing Finance

Financing Facilities for Sanitation Improvement

Financial facilities are extended under institutional collaboration for sanitation improvement in individual houses as well as common facility improvements in housing colonies. Sanitation improvements under common facility drinking water project, water filtration plant, improvement of water tanks, and sewerage systems; while individual housing improvements can include maintenance/renovation in kitchen, electricity cables, etc. This product is offered under institutional collaboration and in specific geographical locations, wherein financial facilities are clubbed with infrastructural technical support.

Eligibility Criteria
  • Annual income (net of business expenses) not exceeding Pkr 600,000
  • Valid CNIC
  • Age between 18-60 years
  • Group formation is required if loan is taken for common facility improvements
  • Permanent resident of a housing colony or at least three-year residence inthe same premises in case of rental basis;
Type of Credit
  • Short and Medium Term Finance
Purpose of Credit
  • Improvement of common facilities e.g. water tanks, sewerage system etc. Multiple loans will be extended to houses benefiting from the improvement to meet the total cost
  • Individual house improvements
Lending Methodology
  • Individual Loans
  • Group Loans (for common facility improvements)
Loan Amount
  • Minimum: Pkr 10,000
  • Maximum: Pkr 250,000
Loan Tenor
  • Up to 36 months
Loan Repayment
  • Equal Monthly Installments
Collateral
  • Cash Deposit -Institutional Guarantee
Other Benefits
  • Credit Linked Life Insurance