Product Details
Soneri Ghar Finance
Lahore
A Quality Product from
Soneri Bank Limited. [View Profile]
Lahore - Pakistan
Description :
Soneri Ghar Finance is the most affordable route to a home of your own. Offering a maximum finance of Rs.5 million and a convenient repayment period of up to 10 years, Soneri Bank is the best way to find the home of your choice".
Purpose:
Purchase / Construction of residential Property for self-occupancy,Extension / Renovation on own property.
Financing Amount:
Purchase / Construction of residential
Property up to Rs.5, 000,000/-
Extension / Renovation on own property up to
Rs.2, 000,000/-
Payment Period:
Purchase / Construction of residential property up to 10 years.
Extension / Renovation on own property up to 7 years.
Mark-up Rates:
Floating Mark-up rate @ 3%
above prevailing SBP Discount Rate. Minimum 12% p.a.
(Mark-up rate is subject to revision on January 01st each calendar year based on the SBP Discount rate prevailing at the close of preceding calendar year or such mark-up rates as determined by the bank under its sole discretion in case SBP Discount rate is not prevalent.)
Fee, Legal Charges, Valuations:
Processing Fee: Rs.2, 500/- or 0.50% of the finance amount whichever is higher. Legal /valuations charges Rs.3000/-
Repayment of installments: Equal monthly installments inclusive of mark-up.
Eligibility:
Confirmed Permanent Employee/ Self Employed Professionals / Business person.
Minimum length of confirmed service with present employer must be at least for 5 years.
Minimum length of practice by Self Employed Professionals / Business person must be at least for 2 years.
Applicant?s age must not be more than 60 years at the time of maturity of the finance being applied for.
Monthly repayment installments not to exceed 40% of the net take home salary / 40% of declared monthly income.
Should have no over due track record from any bank in Pakistan
Life insurance cover for the loan amount.
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Other Matching Products
Soneri Bank Limited. deals in :
We Provide range of corporate, treasury and retail banking services Include: 1. Current and Savings Account and Term Deposits. Attractive RETURN is offered on Rupee Savings Accounts and Term Deposits maintained on Profit and Loss basis. 2. Soneri Savings Accounts with special operational facilities of current Accounts. 3. Issuance of Import Letters of Credit through correspondents around the world. 4. Handling of Export Documents on Collection Basis and under Letter of Credit including negotiation and discounting of documents. 5. Inland Clean and Documentary Collection. 6. Inland and Foreign Remittances. 7. Issuance of Bid Bonds, Performance and Advance Payment Guarantees including standby Letters of Credit. 8. Sale and Purchase of Government Securities like Special Savings Certificates, Defence Savings Certificates, National Prize Bonds, etc. 9. Sale and Encashment of Soneri Bank Pak Rupee Travellers Cheques and Foreign Currency Travellers Cheques. 10. Evening Banking Facilities. 11. Specially designed lockers of various sizes to meet individual requirements. The Lockers can be operated outside of banking hours late in the evenings. 12. Soneri Car Finance. 13. Soneri Ghar Finance. 14. Personal Finance Scheme. 15. Telephone Banking. 16. On-Line Banking. 17. ATMs
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