{"id":6739,"date":"2021-08-16T11:35:45","date_gmt":"2021-08-16T11:35:45","guid":{"rendered":"https:\/\/www.dibpak.com\/?page_id=6739"},"modified":"2022-05-31T11:56:03","modified_gmt":"2022-05-31T11:56:03","slug":"roshan-apna-ghar","status":"publish","type":"page","link":"https:\/\/www.dibpak.com\/index.php\/roshan-digital-account\/roshan-apna-ghar\/","title":{"rendered":"Roshan Apna Ghar"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text]<\/p>\n<h2>What is Roshan Apna Ghar?<\/h2>\n<p><span style=\"color: #777777;\">Roshan Digital Account is a remarkable initiative, led by the State Bank of Pakistan (SBP) for the ease of millions of Non-Resident Pakistanis (NRPs) residing across the world.\u00a0<\/span><\/p>\n<p><span style=\"color: #777777;\">Roshan Apna Ghar offers NRPs around the world to invest in Pakistan Real Estate where the preliminary working can happen and transaction can be executed without traveling to Pakistan.\u00a0 Roshan Apna Ghar is available for Customers wanting to purchase property from their own funds or avail financing from the bank.\u00a0 .\u00a0 The Financing at Dubai Islamic Bank works through Musharakah cum ijarah and\/or any other Shariah compliant product\/instrument conforms to Shariah laws specifically related to financing, ownership.<\/span><\/p>\n<p><span style=\"color: #777777;\">We propose to offer House Finance facility to all non-resident customers of Roshan Digital Account (RDA). This facility will be available for customers who are either willing to keep their investment as lien against their net financing amount as collateral or avail financing without collateral. Further, this will also be available to all the customers of Govt. Mark-up\/Profit Subsidy Scheme (GMSS) for housing finance as per already defined criteria under respective tiers.<\/span><\/p>\n<h3 id=\"salient_features\"><\/h3>\n<div class=\"row\">\n<ul class=\"col\" style=\"list-style-type: none; margin: 20px 0px 26px 0px;\">\n<li style=\"color: #8b2232;\"><strong><u>Muhammad Irfan<\/u><\/strong><\/li>\n<li>RSM-South<\/li>\n<li>0321-8228484<\/li>\n<li><a href=\"mailto:muhammad.irfan3@dibpak.com\">muhammad.irfan3@dibpak.com<\/a><\/li>\n<\/ul>\n<ul class=\"col\" style=\"list-style-type: none; margin: 20px 0px 26px 0px;\">\n<li style=\"color: #8b2232;\"><strong><u>Muhammad Kashif-RSM<\/u><\/strong><\/li>\n<li>North<\/li>\n<li>0321-5694244<\/li>\n<li><a href=\"mailto:muhammad.qure@dibpak.com\">muhammad.qure@dibpak.com<\/a><\/li>\n<\/ul>\n<ul class=\"col\" style=\"list-style-type: none; margin: 20px 0px 26px 0px;\">\n<li style=\"color: #8b2232;\"><strong><u>Qasim Khalique<\/u><\/strong><\/li>\n<li>RSM-Central1<\/li>\n<li>0333-5777596<\/li>\n<li><a href=\"mailto:qasim.khalique@dibpak.com\">qasim.khalique@dibpak.com<\/a><\/li>\n<\/ul>\n<\/div>\n<h2>List of pre-approved projects<\/h2>\n<h2>Emaar:<\/h2>\n<h5><a href=\"https:\/\/pk.emaar.com\/en\/our-communities\/crescent-bay\/\" target=\"blank\" rel=\"noopener\">Emaar Khi community<i class=\"fa fa-external-link\"><\/i><\/a><br \/>\n<a href=\"https:\/\/pk.emaar.com\/en\/our-communities\/canyon-views\/\" target=\"blank\" rel=\"noopener\">Emaar Isb community<i id=\"downloads\" class=\"fa fa-external-link\"><\/i><\/a><\/h5>\n<p><a href=\"https:\/\/pk.emaar.com\/en\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-7539 \" src=\"https:\/\/www.dibpak.com\/wp-content\/uploads\/2022\/04\/Emaar-Logo.png\" alt=\"\" width=\"132\" height=\"131\" srcset=\"https:\/\/www.dibpak.com\/wp-content\/uploads\/2022\/04\/Emaar-Logo.png 225w, https:\/\/www.dibpak.com\/wp-content\/uploads\/2022\/04\/Emaar-Logo-150x150.png 150w, https:\/\/www.dibpak.com\/wp-content\/uploads\/2022\/04\/Emaar-Logo-100x100.png 100w\" sizes=\"(max-width: 132px) 100vw, 132px\" \/><\/a><a href=\"https:\/\/eighteenpk.com\/\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-7540 alignnone\" src=\"https:\/\/www.dibpak.com\/wp-content\/uploads\/2022\/04\/Eighteen-Logo-300x140.png\" alt=\"\" width=\"206\" height=\"96\" srcset=\"https:\/\/www.dibpak.com\/wp-content\/uploads\/2022\/04\/Eighteen-Logo-300x140.png 300w, https:\/\/www.dibpak.com\/wp-content\/uploads\/2022\/04\/Eighteen-Logo.png 329w\" sizes=\"(max-width: 206px) 100vw, 206px\" \/><\/a><a href=\"https:\/\/www.abdullahgroup.com.pk\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-7541 \" src=\"https:\/\/www.dibpak.com\/wp-content\/uploads\/2022\/04\/abdullah-construction-company-logo-e1650868033847.png\" alt=\"\" width=\"121\" height=\"138\" \/><\/a>\u00a0 <a href=\"http:\/\/kingsgroup.com.pk\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-7546 \" src=\"https:\/\/www.dibpak.com\/wp-content\/uploads\/2022\/04\/DR-Blade-NIC-Info.jpg\" alt=\"\" width=\"140\" height=\"144\" \/><\/a><\/p>\n<h6 style=\"text-align: left;\"><strong><em>For Further Details Please Click The Image Above \u21d1.<\/em><\/strong><\/h6>\n<h2>Salient Features<\/h2>\n<ul style=\"padding-left: 15px;\">\n<li><span style=\"color: #777777;\">Maximum financing against property value<\/span><\/li>\n<li><span style=\"color: #777777;\">Exclusive Price Offering<\/span><\/li>\n<li><span style=\"color: #777777;\">Flexibility to make partial pre-payments with zero charges after first year<\/span><\/li>\n<li id=\"pricing\"><span style=\"color: #777777;\">For first year 1% will be charged upon Early Termination after words NO charges will be levied.<\/span><\/li>\n<li><span style=\"color: #777777;\">Processing fee Rs. 4,000\/- (exclusive of FED)<\/span><\/li>\n<li><span style=\"color: #777777;\">Optional life Takaful covering death (due to any cause) and accidental\/natural disability<\/span><\/li>\n<li><span style=\"color: #777777;\">Property Takaful (covering the financing amount) absolutely FREE for customers<\/span><\/li>\n<li><span style=\"color: #777777;\">Govt. Mark-up\/Profit subsidy scheme (GMSS) for housing finance will be applicable as per already defined criteria under respective tiers.<\/span><\/li>\n<\/ul>\n<h2>Pricing<\/h2>\n<p><span style=\"color: #777777;\">Following pricing will be will be applicable for variants other than GMSS;<\/span><\/p>\n<p><span style=\"color: #777777;\">Variable Rate<\/span><\/p>\n<ul style=\"padding-left: 15px;\">\n<li><span style=\"color: #777777;\">\u00a0 Without lien \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1-year KIBOR + 1.5%<\/span><\/li>\n<li><span style=\"color: #777777;\">\u00a0 With lien \u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1-year KIBOR only<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #777777;\">Fixed rate (5- Years) (where applicable)<\/span><\/p>\n<ul style=\"padding-left: 15px;\">\n<li><span style=\"color: #777777;\">\u00a0 Without lien \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5yr PKRV + 1.50%<\/span><\/li>\n<li><span style=\"color: #777777;\">\u00a0 With lien\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5yr PKRV only<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #777777;\">Note:<\/span><\/p>\n<p><span style=\"color: #777777;\">i.\u00a0 \u00a0 \u00a0 \u00a0For fixed rate regime, customer will have an option to choose either to<\/span><\/p>\n<p><span style=\"color: #777777;\">a.\u00a0\u00a0\u00a0\u00a0 Continue on Fixed rate offer by the participating bank at the time of repricing OR<\/span><\/p>\n<p><span id=\"product_features\" style=\"color: #777777;\">b.\u00a0\u00a0\u00a0\u00a0 To opt for a variable pricing\/rates will be applicable after 5th year.<\/span><\/p>\n<p><span style=\"color: #777777;\">PIB 5 Year rate will be considered for PKRV rate<\/span><\/p>\n<p><span style=\"color: #777777;\">ii.\u00a0 \u00a0 \u00a0 \u00a0Pricing will be reevaluated after every six months or any change in discount rate announced by SBP for Variable Rate. However, for existing customers, any change is pricing will be applicable or will take effect at their respective anniversary \/ repricing.<\/span><\/p>\n<h2 id=\"documents\">Apply now<\/h2>\n<p><small>By clicking submit your lead will be generated and you will be contacted by our team to assist you Dubai Islamic bank Roshan digital account.<\/small><br \/>\n\n<div class=\"wpcf7 no-js\" id=\"wpcf7-f6884-o1\" lang=\"en-US\" dir=\"ltr\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> <ul><\/ul><\/div>\n<form action=\"\/index.php\/wp-json\/wp\/v2\/pages\/6739#wpcf7-f6884-o1\" method=\"post\" class=\"wpcf7-form init\" aria-label=\"Contact form\" novalidate=\"novalidate\" data-status=\"init\">\n<div style=\"display: none;\">\n<input type=\"hidden\" name=\"_wpcf7\" value=\"6884\" \/>\n<input type=\"hidden\" name=\"_wpcf7_version\" value=\"5.9.8\" \/>\n<input type=\"hidden\" name=\"_wpcf7_locale\" value=\"en_US\" \/>\n<input type=\"hidden\" name=\"_wpcf7_unit_tag\" value=\"wpcf7-f6884-o1\" \/>\n<input type=\"hidden\" name=\"_wpcf7_container_post\" value=\"0\" \/>\n<input type=\"hidden\" name=\"_wpcf7_posted_data_hash\" value=\"\" \/>\n<input type=\"hidden\" name=\"_wpcf7_recaptcha_response\" value=\"\" \/>\n<\/div>\n<div class=\"md-form mb-2\">\n\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-name\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required w-100\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Please enter your name*\" value=\"\" type=\"text\" name=\"your-name\" \/><\/span>\n\t<\/p>\n<\/div>\n<div class=\"md-form mb-2\">\n\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"cellno\"><input class=\"wpcf7-form-control wpcf7-number wpcf7-validates-as-required wpcf7-validates-as-number w-100\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Please enter your phone number*\" value=\"\" type=\"number\" name=\"cellno\" \/><\/span>\n\t<\/p>\n<\/div>\n<div class=\"md-form mb-2\">\n\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"informtion-about\"><select class=\"wpcf7-form-control wpcf7-select wpcf7-validates-as-required w-100\" aria-required=\"true\" aria-invalid=\"false\" name=\"informtion-about\"><option value=\"Roshan Apna Ghar\">Roshan Apna Ghar<\/option><\/select><\/span>\n\t<\/p>\n<\/div>\n<div class=\"md-form mb-2\">\n\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"city\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text w-100\" aria-invalid=\"false\" placeholder=\"Please enter your City\" value=\"\" type=\"text\" name=\"city\" \/><\/span>\n\t<\/p>\n<\/div>\n<div class=\"md-form mb-2\">\n\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"cnic\"><input class=\"wpcf7-form-control wpcf7-number wpcf7-validates-as-number w-100\" aria-invalid=\"false\" placeholder=\"Please enter your CNIC\" value=\"\" type=\"number\" name=\"cnic\" \/><\/span>\n\t<\/p>\n<\/div>\n<div class=\"md-form mb-2\">\n\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"email\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-email wpcf7-text wpcf7-validates-as-email w-100\" aria-invalid=\"false\" placeholder=\"Please enter your email\" value=\"\" type=\"email\" name=\"email\" \/><\/span>\n\t<\/p>\n<\/div>\n<div class=\"md-form mb-2\">\n\t<p><input class=\"wpcf7-form-control wpcf7-submit has-spinner btn RAC\" type=\"submit\" value=\"submit\" \/>\n\t<\/p>\n\t<style>\n.RAC{\n color: #fff !important;\n padding: 10px 15px;\n display: inline-block;\n background: #9c1e30 !important;\n border-radius: 68px;\n}\n\t<\/style>\n<\/div><div class=\"wpcf7-response-output\" aria-hidden=\"true\"><\/div>\n<\/form>\n<\/div>\n<h2>A.\u00a0\u00a0\u00a0 Product Features \u2013 Without lien:<\/h2>\n<p>Following criteria will be applicable to those RDA\/INPC customer who are willing to avail house finance facility without lien marking and are not eligible \/ qualified for GMSS.<\/p>\n<table width=\"699\">\n<tbody>\n<tr>\n<td width=\"186\">Citizenship<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">All non-resident RDA accountholders having valid NICOP<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Product Category<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">Buy, Build, Renovate<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Target Market<\/td>\n<td width=\"513\">\n<ol>\n<li><span style=\"color: #777777;\">Salaried Individual<\/span><\/li>\n<li><span style=\"color: #777777;\">Non-salaried individual<\/span><\/li>\n<\/ol>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Co-applicant<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">Co-applicant is mandatory for lien Based Financing<\/span><\/p>\n<p><span style=\"color: #777777;\">Co-applicant will be an immediate family member like spouse, parents, adult siblings &amp; children. At least one should be permanently living in Pakistan.<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Co-Borrower for income clubbing<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">100% Co-Borrower\u2019s income will be clubbed in case of spouse.<\/span><\/p>\n<p><span style=\"color: #777777;\">75% Co-Borrower\u2019s income will be clubbed in case of other than spouse.<\/span><\/p>\n<p><span style=\"color: #777777;\">For the purpose of income clubbing, only a non-resident Pakistanis can be considered.<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Maximum number of co-applicants<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">Four co-applicants are allowed<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Age (Applicant &amp; Co-applicant \/ co-borrower)<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">20 to 65 years<\/span><\/p>\n<p><span style=\"color: #777777;\">Salaried Individual<\/span><\/p>\n<p><span style=\"color: #777777;\">The age of applicant must not exceed 60 years however, may be extended to 65 years provided applicant justifies that he\/ she can repay the loan even after retirement age.<\/span><\/p>\n<p><span style=\"color: #777777;\">Non-salaried individual<\/span><\/p>\n<p><span style=\"color: #777777;\">The age of applicant must not exceed 65 years.<\/span><\/p>\n<p><span style=\"color: #777777;\">In case income is not clubbed;<\/span><\/p>\n<p><span style=\"color: #777777;\">There will be no age restriction for co-borrower \/ applicant<\/span><\/p>\n<p><span style=\"color: #777777;\">In case of income is clubbed;<\/span><\/p>\n<p><span style=\"color: #777777;\">Same age criteria will be applicable as that of main applicant for Co-borrower \/ applicant.<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Financing Range (Buy, Build)<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">Minimum Rs. 500,000\/-<\/span><\/p>\n<p><span style=\"color: #777777;\">Maximum No cap<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Financing Range (Renovate only)<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">Minimum Rs. 500,000\/-<\/span><\/p>\n<p><span style=\"color: #777777;\">Maximum Rs. 10 million<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Financing Tenure<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">3 to 25 Years<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Payment frequency Option<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">EMI: Equal Monthly Installment<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Bank Investment Ratio (BIR)<\/p>\n<p>(Buyer, Builder<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">Maximum up to 85% of property value for Non Lien<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Bank Investment Ratio (BIR) (Renovation only)<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">Up to 30 % of property value<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Number of housing units at a time.<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">At a time one financing facility may be allowed<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Net Monthly income<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">There will be no minimum income criteria however, maximum 50% DBR will be kept while underwriting credit facility.<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Debt Burden Ratio<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">50% of the net disposable income<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Employment Status (for salaried individual only)<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">Permanent &amp; Contractual<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Employment \/ Business Tenure<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">Minimum overall employment \/ business tenure will be two years<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Primary applicant<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">Non-resident RDA accountholder should be the primary applicant.<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Income Assessment<\/td>\n<td width=\"513\">\n<ol>\n<li><span style=\"color: #777777;\">Salaried Individual: Income will be ascertained through salary slip \/ certificate with 6-months bank statement where salary credited\/reflected.<\/span><\/li>\n<li><span style=\"color: #777777;\">\u00a0Non-salaried individual: Income will be ascertained through bank statement proxy of last one year.<\/span><\/li>\n<\/ol>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Property Appraisal<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">Property to be appraised by an approved PBA Appraiser only.<\/span><\/p>\n<p><span style=\"color: #777777;\">Appraisal requires one property valuation for the cases up to Rs.10 Million and two valuations for cases where financing facility above Rs.10 Million.\u00a0 Therefore, for all housing finance cases up to Rs.10 Million, only one full scope valuation will be conducted. In cases where financing amount exceeds Rs.10 (M), two full scope valuations will be conducted.<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Legal Evaluation<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">The copies of property documents are initially vetted by legal advisor who is reputed lawyer or firm of lawyers on the Bank\u2019s approved list at later stage, all original property documents are \u201cverified as originally seen\u201d at lawyer\u2019s office before disbursement<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Property Ownership<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">Singly owned \u2013 property title in the name of main applicant (NRP RDA account holder)<\/span><\/p>\n<p><span style=\"color: #777777;\">Joint ownership \u2013 Spouse and\/or adult children can be a joint owner.<\/span><\/p>\n<p><span style=\"color: #777777;\">In case where main applicant (NRP) is not available in Pakistan, spouse and\/or adult children who are also a co-applicant may be considered for property ownership through a GPA given by primary applicant.<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Rental frequency<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">Monthly (through Direct Debit authority on applicant\u2019s RDA being maintained in participating Bank). In case where RDA holder has FCY account, it is mandatory to open a PKR account (i.e. NRP rupee value account).<\/span><\/p>\n<p><span style=\"color: #777777;\">In case if RDA accountholder doesn\u2019t remain to be an NRP, they can serve their facility via local channels, however the proceeds will not be eligible for repatriation over and above the payment made form RDA outside the country even if his residential status becomes NRP again.<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Documentation Charges<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">At actual<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Cash Lien for the completion of post disbursement formalities<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">An amount will be kept in lien equivalent to the amount recommended\/suggested by Bank\u2019s legal counsel for the completion of all outstanding post-disbursement formalities (if any).<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Legal Agreement \/ Other Documents Signing Criteria<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">In case main applicant (NRP) is available, legal agreement and other documents will be signed by applicant in the presence of bank officer.<\/span><\/p>\n<p><span style=\"color: #777777;\">Whereas, in case where main applicant (NRP) is not available, legal agreement and other documents will be signed by applicant and will be attested by Pakistan embassy of the country of stay. Any\/all charges for the same will be borne by the customer.<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Verification (Applicant \/ Co applicant)<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">For salaried NRP, verification will be done through HR email confirming designation \/ grade, detail of remuneration and years in employment. Telephonic verification of NRP\u2019s residence \/ office will also be conducted.<\/span><\/p>\n<p><span style=\"color: #777777;\">For non-salaried NRP, business verification may be done through email to an authorized Govt. body or through business tax returns or business \/ work permit confirming nature and years in business. Telephonic verification of NRP\u2019s residence \/ office will also be conducted.<\/span><\/p>\n<p><span style=\"color: #777777;\">For Co-applicant \/ Co-Borrower:<\/span><\/p>\n<p><span style=\"color: #777777;\">Where income is clubbed (NRP):\u00a0 Same as primary\/main applicant.<\/span><\/p>\n<p><span style=\"color: #777777;\">Where income is not clubbed (NRP): Only phonic residence verification will be conducted.<\/span><\/p>\n<p><span style=\"color: #777777;\">Where income is not clubbed (Non-NRP): Both physical and telephonic verification of residence will be conducted.<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Creation of Mortgage<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">Equitable mortgage for all and token registered mortgage for customers based on their risk profile<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>B.\u00a0\u00a0\u00a0\u00a0 Product Features \u2013 With lien:<\/h2>\n<p>Following criteria will be applicable to those RDA\/INPC customer who are willing to avail house finance facility with lien marking and doesn\u2019t eligible \/ qualifies for GMSS.<\/p>\n<table width=\"699\">\n<tbody>\n<tr>\n<td width=\"186\">Citizenship<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">All non-resident RDA accountholders having valid NICOP &amp; POC<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Product Category<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">Buy, Build, Renovate<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Target Market<\/td>\n<td width=\"513\">\n<ol>\n<li><span style=\"color: #777777;\">\u00a0Salaried<\/span><\/li>\n<li><span style=\"color: #777777;\">\u00a0Non- Salaried<\/span><\/li>\n<\/ol>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Lien Marking on Finance amount)<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">Lien marking on customer\u2019s RDA accounts minimum upto the extent of financing amount.<\/span><\/p>\n<p><span style=\"color: #777777;\">(INPCs are issued for 3 months, 6 months, 12 months, 3 years and 5 years with no rollover option. Therefore, customer\u2019s undertaking to re-book INPC or maintenance of RDA account (upto the required value) will be obtained, till the settlement\/maturity of the finance amount. CAD to ensure that lien remain marked throughout the settlement\/maturity of the finance amount.<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Recovery in case of delay \/ default in rental payments<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">If customer fails to pay monthly rentals up to 180 DPD, complete facility will be settled with lien account \/ certificate after completion of collection efforts \/ dunning\u00a0\u00a0 process.<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Release of lien amount<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">RDA deposit\/ INPC will be marked lien against net finance amount (NFA) for the complete financing tenure. However, after every two years, Bank will release RDA deposit\/INPC from lien marking on principal redemption and customer\u2019s satisfactory repayment history. CAD and Branch banking will be handling the activity.<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Co-applicant \/ Co-borrower<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">Co-applicant is not mandatory in this case, however if opted it will be an immediate family member like spouse, parents, adult siblings &amp; children. Further, applicant also has an option of appointing a \u201cnominee\u201d to carry out any assignment on his\/her behalf having no legal obligations on nominee.<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Co-applicant \/ Co-borrower for income clubbing<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">100% Co-borrower \/ Co-applicant income will be clubbed.<\/span><\/p>\n<p><span style=\"color: #777777;\">For the purpose of income clubbing, only non-resident Pakistanis can be considered.<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Maximum number of co-applicants<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">Four co-applicants are allowed<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Age (Applicant &amp; Co-applicant)<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">20 to 65 years<\/span><\/p>\n<ol>\n<li><span style=\"color: #777777;\">\u00a0 \u00a0 \u00a0 \u00a0 Salaried Individual<\/span><\/li>\n<\/ol>\n<p><span style=\"color: #777777;\">The age of applicant must not exceed 60 years however, may be extended to 65 years provided applicant justifies that he\/ she can repay the loan even after retirement age.<\/span><\/p>\n<ol>\n<li>\u00a0 \u00a0 \u00a0 \u00a0<span style=\"color: #777777;\"> Non-salaried individual<\/span><\/li>\n<\/ol>\n<p><span style=\"color: #777777;\">The age of applicant must not exceed 65 years.<\/span><\/p>\n<p><span style=\"color: #777777;\">In case income is not clubbed;<\/span><\/p>\n<ol>\n<li><span style=\"color: #777777;\">\u00a0 \u00a0 \u00a0 \u00a0 There will be no age restriction for co-borrower \/ applicant<\/span><\/li>\n<\/ol>\n<p><span style=\"color: #777777;\">In case of income clubbing;<\/span><\/p>\n<ol>\n<li><span style=\"color: #777777;\">\u00a0 \u00a0 \u00a0 \u00a0 Same age criteria will be applicable as that of main applicant for Co-borrower \/ applicant.<\/span><\/li>\n<\/ol>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Financing Range (Buy &amp; Build)<\/td>\n<td width=\"513\">\n<ol>\n<li>\u00a0<span style=\"color: #777777;\"> \u00a0 \u00a0 \u00a0 Minimum Rs. 500,000\/-<\/span><\/li>\n<li><span style=\"color: #777777;\">\u00a0 \u00a0 \u00a0 \u00a0 Maximum No cap<\/span><\/li>\n<\/ol>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Financing Range (Renovate only)<\/td>\n<td width=\"513\">\n<ol>\n<li><span style=\"color: #777777;\">\u00a0 \u00a0 \u00a0 \u00a0 Minimum Rs. 500,000\/-<\/span><\/li>\n<li><span style=\"color: #777777;\">\u00a0 \u00a0 \u00a0 \u00a0 Maximum No cap<\/span><\/li>\n<\/ol>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Financing Tenure<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">3 to 25 Years<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Payment Frequency Option<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">\u00d8 EMI: Equal Monthly Installment<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Bank Investment Ratio &#8211; BIR<\/p>\n<p>(Buy &amp; Build)<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">i.\u00a0 \u00a0 In case of Pak rupee: Maximum up to 99% of property value.<\/span><\/p>\n<p><span style=\"color: #777777;\">ii.\u00a0 \u00a0In case of FYC: Maximum up to 99% of property value (however, lien equal to 105% of property value would be created on INPC\/RDA Deposits to cater for foreign exchange rate volatility.<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Bank Investment Ratio &#8211; BIR (only Renovate)<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">Up to 40 % of property value<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Number of housing units at a time<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">At a time one financing facility may be allowed<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Net Monthly income<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">There will be no minimum income criteria.<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Debt Burden Ratio<\/td>\n<td width=\"513\"><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Employment Status (for salaried individual only)<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">Permanent &amp; Contractual<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Employment \/ Business Tenure<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">Minimum overall employment \/ business tenure will be one year<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Primary applicant<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">Non-resident RDA accountholder should be the primary applicant.<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Income Assessment<\/td>\n<td width=\"513\">\n<ol>\n<li><span style=\"color: #777777;\">For Salaried individual: Income will be ascertained through salary slip\/certificate with 6 months bank statement where salary reflected.<\/span><\/li>\n<li><span style=\"color: #777777;\">For Non salaried individual: Income to be ascertained as per documents provided by the applicant at the time of RDA account opening not later than three months OR 100% of account average balance for last six months whichever is earlier.<\/span><\/li>\n<\/ol>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Property Appraisal<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">\u00d8\u00a0 Property to be appraised by an approved PBA Appraiser only.<\/span><\/p>\n<p><span style=\"color: #777777;\">\u00d8\u00a0 Appraisal requires one property valuation for the cases up to Rs.10 Million and two valuations for cases where financing facility above Rs.10 Million.\u00a0 Therefore, for all housing finance cases up to Rs.10 Million, only one full scope valuation will be conducted. In cases where financing amount exceeds Rs.10 (M), two full scope valuations will be conducted.<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Legal Evaluation<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">The copies of property documents are initially vetted by legal advisor who is reputed lawyer or firm of lawyers on the Bank\u2019s approved list At later stage, all original property documents are \u201cverified as originally seen\u201d at lawyer\u2019s office before disbursement<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Property Ownership<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">\u00d8 Singly owned \u2013 property title in the name of main applicant (NRP RDA account holder)<\/span><\/p>\n<p><span style=\"color: #777777;\">\u00d8 Joint ownership \u2013 Spouse and\/or adult children can be a joint owner.<\/span><\/p>\n<p><span style=\"color: #777777;\">\u00d8 In case where main applicant (NRP) is not available in Pakistan, spouse and\/or adult children who are also a co-applicant may be consider for property ownership through a GPA given by primary applicant.<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Rental frequency<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">\u00d8 Monthly (through Direct Debit authority on applicant\u2019s RDA being maintained in participating Bank). In case where RDA holder has FCY account, it is mandatory to open a PKR account (i.e. NRP rupee value account).<\/span><\/p>\n<p><span style=\"color: #777777;\">\u00d8 In case if RDA accountholder doesn\u2019t remain to be an NRP, they can serve their facility via local channels, however the proceeds will not be eligible for repartition over and above the payment made form RDA outside the country even if his residential status becomes NRP again.<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Documentation Charges<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">At actual<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Cash Lien for the completion of post disbursement formalities<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">An amount will be kept lien equivalent to the amount recommended\/suggested by Bank\u2019s legal counsel for the completion of all outstanding post-disbursement formalities (if any).<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Legal Agreement \/ Other Documents Signing Criteria<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">In case main applicant (NRP) is available, legal agreement and other documents will be signed by applicant in the presence of bank officer.<\/span><\/p>\n<p><span style=\"color: #777777;\">Whereas, in case where main applicant (NRP) is not available, legal agreement and other documents will be signed digitally by applicant in presence of a video recording which will be kept by the bank as an evidence of signing of legal and other documents. Any\/all charges for the same will be borne by the customer.<\/span><\/p>\n<p><span style=\"color: #777777;\">(b)<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Verification (Applicant \/ Co applicant)<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">For salaried NRP, verification will be done through HR email confirming designation \/ grade, detail of remuneration and years in employment. Telephonic verification of NRP\u2019s residence \/ office will also be conducted.<\/span><\/p>\n<p><span style=\"color: #777777;\">For non-salaried NRP, business verification may be done through email to an authorized Govt. body or through business tax returns or business \/ work permit confirming nature and years in business. Telephonic verification of NRP\u2019s residence \/ office will also be conducted.<\/span><\/p>\n<p><span style=\"color: #777777;\">For Co-applicant:<\/span><\/p>\n<ol>\n<li><span style=\"color: #777777;\">\u00a0 Where income is clubbed (NRP):\u00a0 Same as primary\/main applicant.<\/span><\/li>\n<li><span style=\"color: #777777;\">\u00a0 Where income is not clubbed (NRP): Only phonic residence verification will be conducted.<\/span><\/li>\n<li><span style=\"color: #777777;\">\u00a0 Where income is not clubbed (Non-NRP): Both physical and telephonic verification of residence will be conducted.<\/span><\/li>\n<\/ol>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"186\">Creation of Mortgage<\/td>\n<td width=\"513\"><span style=\"color: #777777;\">No requirements of mortgage &#8211; equitable or registered<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>C.\u00a0\u00a0\u00a0\u00a0 Product Features \u2013 GMSS:<\/h2>\n<p>Following criteria will be applicable to those RDA \/ INPC customer who are willing to avail house finance facility under Govt. mark-up subsidy scheme for house finance.<\/p>\n<div class=\"apna_ghar_table\">\n<table width=\"690\">\n<tbody>\n<tr>\n<td rowspan=\"2\" width=\"128\">Parameter<\/td>\n<td width=\"184\">Tier 1 (T1)<\/td>\n<td width=\"189\">Tier 2 (T2)<\/td>\n<td width=\"189\">Tier 3 (T3)<\/td>\n<\/tr>\n<tr>\n<td width=\"184\">(NAPHDA Projects)<\/td>\n<td width=\"189\">(Non-NAPHDA)<\/td>\n<td width=\"189\">(Non-NAPHDA)<\/td>\n<\/tr>\n<tr>\n<td width=\"128\">Citizenship<\/td>\n<td colspan=\"3\" width=\"562\"><span style=\"color: #777777;\">All non-resident RDA accountholders having valid NICOP<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"128\">Eligibility Criteria<\/td>\n<td colspan=\"3\" width=\"562\"><span style=\"color: #777777;\">First time home owner<\/span><\/p>\n<p><span style=\"color: #777777;\">One individual can have subsidized house finance facility under the scheme only once<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"128\">Product Category<\/td>\n<td colspan=\"3\" width=\"562\"><span style=\"color: #777777;\">Easy Buyer: Purchase of a constructed residential property (Apartment\/Flat\/House)<\/span><\/p>\n<p><span style=\"color: #777777;\">Easy Builder:<\/span><\/p>\n<p><span style=\"color: #777777;\">Type 1(A) &#8211; Residential Construction on Applicant\u2019s Owned Land<\/span><\/p>\n<p><span style=\"color: #777777;\">Type 1(B) &#8211; Purchase of Land &amp; construction of a residential unit thereon.<\/span><\/p>\n<p><span style=\"color: #777777;\">Type 2\u00a0\u00a0\u00a0\u00a0\u00a0 &#8211; Expansion\/Extension of existing residential housing Unit<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"128\">Size of Unit<\/td>\n<td width=\"184\"><span style=\"color: #777777;\">a) House upto 125 sq yds (5 Marla) with maximum covered area of 850 sq ft and<\/span><\/p>\n<p><span style=\"color: #777777;\">b) Flat\/apartment with maximum covered area of 850 sq ft.<\/span><\/td>\n<td width=\"189\"><span style=\"color: #777777;\">a) House upto 125 sq yds (5 Marla) and<\/span><\/p>\n<p><span style=\"color: #777777;\">b) Flat\/apartment with maximum covered area of 1,250 sq ft.<\/span><\/td>\n<td width=\"189\"><span style=\"color: #777777;\">a) House upto 250 sq yds (10 Marla) and<\/span><\/p>\n<p><span style=\"color: #777777;\">b) Flat\/apartment with maximum covered area of 2,000 sq ft.<\/span><\/td>\n<\/tr>\n<tr>\n<td rowspan=\"3\" width=\"128\">Subsidized<\/p>\n<p>Profit Rate<\/td>\n<td width=\"184\"><span style=\"color: #777777;\">First 5 years = 3%<\/span><\/td>\n<td width=\"189\"><span style=\"color: #777777;\">First 5 years = 5%<\/span><\/td>\n<td width=\"189\"><span style=\"color: #777777;\">First 5 years = 7%<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"184\"><span style=\"color: #777777;\">Next 5 years = 5%<\/span><\/td>\n<td width=\"189\"><span style=\"color: #777777;\">Next 5 years = 7%<\/span><\/td>\n<td width=\"189\"><span style=\"color: #777777;\">Next 5 years = 9%<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"184\"><span style=\"color: #777777;\">For period exceeding 10 years = 1-year KIBOR+2.5%<\/span><\/td>\n<td width=\"189\"><span style=\"color: #777777;\">For period exceeding 10 years = 1-year KIBOR+4%<\/span><\/td>\n<td width=\"189\"><span style=\"color: #777777;\">For period exceeding 10 years = 1-year KIBOR+4%<\/span><\/td>\n<\/tr>\n<tr>\n<td rowspan=\"2\" width=\"128\">Maximum Price of Units<\/td>\n<td width=\"184\"><span style=\"color: #777777;\">PKR 3.5 million*<\/span><\/td>\n<td rowspan=\"2\" width=\"189\"><span style=\"color: #777777;\">NO CAP<\/span><\/td>\n<td rowspan=\"2\" width=\"189\"><span style=\"color: #777777;\">NO CAP<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"184\"><span style=\"color: #777777;\">*Market value of a single residential unit at the time of approval of financing<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"128\">Financing Range<\/td>\n<td width=\"184\"><span style=\"color: #777777;\">Maximum PKR 2.7 million<\/span><\/td>\n<td width=\"189\"><span style=\"color: #777777;\">Maximum PKR 6.0 million<\/span><\/td>\n<td width=\"189\"><span style=\"color: #777777;\">Maximum PKR 10.0 million<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"128\">Bank Investment Ratio (BIR \/ LTV)<\/td>\n<td width=\"184\"><span style=\"color: #777777;\">Maximum up to 90%<\/span><\/td>\n<td colspan=\"2\" width=\"378\"><span style=\"color: #777777;\">Maximum up to 85%<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"128\">Target Market<\/td>\n<td colspan=\"3\" width=\"562\">\n<ol>\n<li><span style=\"color: #777777;\">Salaried individual<\/span><\/li>\n<li><span style=\"color: #777777;\">Non-Salaried individual<\/span><\/li>\n<\/ol>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"128\">Financing Tenor<\/td>\n<td colspan=\"3\" width=\"562\"><span style=\"color: #777777;\">Minimum 5 years and maximum 20 years financing tenor, depending upon choice of customers<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"128\">Early Payment\/ Unit Purchase Option<\/td>\n<td colspan=\"3\" width=\"562\"><span style=\"color: #777777;\">No restrictions on Early Payment\/unit Purchase.<\/span><\/p>\n<p><span style=\"color: #777777;\">Upon early unit purchase, subject to appreciation in property price, musharakah units will be revalued at 0% higher price.<\/span><\/p>\n<p><span style=\"color: #777777;\">In Builder case, unit purchase will start after 12 months of disbursement of last trench.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<table width=\"690\">\n<tbody>\n<tr>\n<td width=\"123\">Age (Applicant &amp; Co-applicant)<\/td>\n<td width=\"567\"><span style=\"color: #777777;\">20 to 65 years<\/span><\/p>\n<ol>\n<li><span style=\"color: #777777;\">\u00a0 \u00a0 \u00a0 \u00a0 Salaried Individual<\/span><\/li>\n<\/ol>\n<p><span style=\"color: #777777;\">The age of applicant must not exceed 60 years however, may be extended to 65 years provided applicant justifies that he\/ she can repay the loan even after retirement age.<\/span><\/p>\n<ol>\n<li><span style=\"color: #777777;\">\u00a0 \u00a0 \u00a0 \u00a0 Non-salaried individual<\/span><\/li>\n<\/ol>\n<p><span style=\"color: #777777;\">The age of applicant must not exceed 65 years.<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"123\">Monthly Income<\/td>\n<td width=\"567\"><span style=\"color: #777777;\"><strong>Formal Income:<\/strong><\/span><\/p>\n<p><span style=\"color: #777777;\">There are no minimum income criteria for formal sector, however maximum 50% DBR will be capped while granting the credit facility.<\/span><\/p>\n<p><span style=\"color: #777777;\"><strong>Informal Income:<\/strong><\/span><\/p>\n<p><span style=\"color: #777777;\">There will be no minimum income criteria for In-formal sector (Only applicable for Tier 1 &amp; Tier 2) <\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"123\">Debt Burden Ratio( DBR )<\/td>\n<td width=\"567\"><span style=\"color: #777777;\">Maximum upto 50%<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"123\">Co-applicant Income Clubbing<\/td>\n<td width=\"567\"><span style=\"color: #777777;\">100% Co-Borrower\u2019s income will be clubbed in case of spouse.<\/span><\/p>\n<p><span style=\"color: #777777;\">75% Co-Borrower\u2019s income will be clubbed in case of other than spouse.<\/span><\/p>\n<p><span style=\"color: #777777;\">For the purpose of income clubbing, only a non-resident Pakistanis can be considered.<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"123\">Income Assessment<\/td>\n<td width=\"567\">\n<ol>\n<li><span style=\"color: #777777;\">\u00a0 \u00a0 \u00a0Salaried Individual: Income will be ascertained through salary slip \/ certificate with 6-months bank statement where salary credited\/reflected.<\/span><\/li>\n<li><span style=\"color: #777777;\">\u00a0 \u00a0 \u00a0Non-salaried individual: Income will be ascertained through bank statement proxy of last one year<\/span><\/li>\n<\/ol>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"123\">Employment status (for Salaried individual only)<\/td>\n<td width=\"567\"><span style=\"color: #777777;\">Both permanent and contractual<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"123\">Employment \/ Business Tenure<\/td>\n<td width=\"567\"><span style=\"color: #777777;\">Minimum overall employment \/ business tenure will be two years<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"123\">3rd Party Guarantor<\/td>\n<td id=\"document_requirement\" width=\"567\"><span style=\"color: #777777;\">As completion of housing unit and mortgage creation takes time applicants face difficulties in obtaining housing finance, especially for low cost housing. In order to address this issue, SBP has allowed acceptance of a third party guarantee the period up to a maximum of one year.<\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"123\">Incase of Lien<\/td>\n<td width=\"567\"><span style=\"color: #777777;\">Lien based Product- No mortgage &#8211; equitable or registered<\/span><\/p>\n<p><span style=\"color: #777777;\">Non\u2013lien based Product- equitable mortgage for all and token registered mortgage for customers based on their risk profile<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>Documents Requirement for Non-Resident Pakistanis (Regular HF):<\/h2>\n<h2>Non -Salaried Individual:<\/h2>\n<ol>\n<li>Duly filled application form.<\/li>\n<li>Copy of Co-Applicant\u2019s CNIC\/ NICOP<\/li>\n<li>Two passport-sized coloured photographs of applicant and co-applicant(s) each.<\/li>\n<li>Employer\u2019s certificate including tenor\/designation\/renumeration details.<\/li>\n<li>Employment Contract (if applicable)<\/li>\n<li>Last three-month salary slip.<\/li>\n<li>Copy of Visa \/ Work permit \/ Residence Permit (Iqaama etc.)<\/li>\n<li>Copy of Professional Association Membership Certificate \/ Practice License (if applicable)<\/li>\n<li>Bank Statement \u2013 last 12 months Copies\/ details of any financing facility being availed in the country of employment or in Pakistan<\/li>\n<li>Copies of educational qualification degree \/ certificates.<\/li>\n<li>Copy of Rental Documents (if applicable)<\/li>\n<li>Copy of recent Credit Card Bills. (if applicable)<\/li>\n<li>Copies of last 2 years tax documents where applicable<\/li>\n<li>Credit Bureau Report of stay country<\/li>\n<\/ol>\n<h2>Non -Salaried Individual:<\/h2>\n<ol>\n<li>Duly filled application form.<\/li>\n<li>Copy of Co-Applicant\u2019s CNIC\/ NICOP<\/li>\n<li>Two passport-sized coloured photographs of applicant and co-applicant(s) each.<\/li>\n<li>Valid Business Proof<\/li>\n<li>Copy of Passport (if applicable\/optional)<\/li>\n<li id=\"screening_criteria\">Copy of Visa \/ Work permit \/ Residence Permit (Iqaama etc.)<\/li>\n<li>Bank Statement \u2013 last 12 months Copies\/ details of any financing facility being availed in the country of employment or in Pakistan<\/li>\n<li>Copies of educational qualification degree \/ certificates.<\/li>\n<li>Copy of Rental Documents (if applicable)<\/li>\n<li>Copy of recent Credit Card Bills. (if applicable)<\/li>\n<li>Copies of last 2 years tax documents where applicable<\/li>\n<li>Credit Bureau Report of stay country<\/li>\n<\/ol>\n<h2><\/h2>\n<h2 id=\"preapproved_projects\">Section B: Mechanism for Screening Criteria<\/h2>\n<div style=\"padding-left: 15px;\">\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column css=&#8221;.vc_custom_1644386415458{margin-left: 15px !important;}&#8221;]\n\n\t<div class=\" download_link \">\n\t<a href=\"https:\/\/www.dibpak.com\/wp-content\/uploads\/2021\/08\/DIBPL-Builders-Project-Evaluation-Guidelines-for-website-12-August2021.pdf\" class=\"vc_row wpb_row vc_row-fluid\" >\n      <div class=\"d-reports-box \">\n            <div class=\"col-md-9 pl-0 pr-0 float-left\">\n                <h6 class=\"mb-0\">Mechanism for Screening Criteria<\/h6>\n               <h5 class=\"mt-0\">PDF Download<\/h5>\n            <\/div>\n            <div class=\"col-md-3  pl-0 pr-0 float-left text-right\"><img decoding=\"async\" src=\"https:\/\/www.dibpak.com\/wp-content\/themes\/dib\/assets\/images\/report-img.png\" class=\"mt-2 mr-2\"><\/div>\n        <\/div>\n\t\t<\/a>\n\t\t<\/div>\n\t[\/vc_column][\/vc_row][vc_row][vc_column css=&#8221;.vc_custom_1644386471596{margin-left: 15px !important;}&#8221;][vc_column_text]<\/p>\n<h2>Section D : Disclaimer<\/h2>\n<p>The projects for financing mentioned on Bank\u2019s website are for reference and information only and Bank doesn\u2019t assume and bear any responsibility \u00a0for delay, errors or omissions in the contents on the Services by the builders or owners of the projects.<\/p>\n<p>This website is provided \u201cas is\u201d without any representations or warranties, express or implied and Dubai Islamic Bank makes no representations or warranties in relation to this list of contractors about their experience provided on this website.<\/p>\n<h4>Limitations of liability<\/h4>\n<p>Dubai Islamic Bank will not be liable to you (whether under the law of contract, the law of torts or otherwise) in relation to the contents of, or use of, or otherwise in connection with, this website:<\/p>\n<ul>\n<li>to the extent that the website is provided list of contractors, for any direct loss;<\/li>\n<li>for any indirect, special or consequential loss; or<\/li>\n<li>for any business losses, loss of revenue, income, profits or anticipated savings, loss of contracts<br \/>\nor business relationships, loss of reputation or goodwill, or loss or corruption of information or data.<\/li>\n<\/ul>\n<p>In no event shall Dubai Islamic Bank be liable for any special, direct, indirect, consequential, or incidental damages or any damages whatsoever, whether in an action of contract, negligence or other tort, arising out of or in connection with the use of the Services of Contractor(s). Dubai Islamic Bank reserves the right to make additions, deletions, or modification to the contents on the website at any time without prior notice.<\/p>\n<h4>Unenforceable provisions<\/h4>\n<p>If any provision of this website disclaimer is, or is found to be, unenforceable under applicable law, that will not affect the enforceability of the other provisions of this website disclaimer.<\/p>\n<h4>Affiliate disclaimer<\/h4>\n<p>This affiliate disclosure clearly informed you that Dubai Islamic Bank has no relationships directly or indirectly with Contractors.[\/vc_column_text][vc_column_text]<\/p>\n<h2>Section E : Downloads<\/h2>\n<p>[\/vc_column_text]\n\n\t<div class=\" download_link \">\n\t<a href=\"https:\/\/www.dibpak.com\/wp-content\/uploads\/2021\/08\/NRPs-Physical-Presence-Requirement-in-RAG-Customer-Journey.pdf\" class=\"vc_row wpb_row vc_row-fluid\" >\n      <div class=\"d-reports-box \">\n            <div class=\"col-md-9 pl-0 pr-0 float-left\">\n                <h6 class=\"mb-0\">NRP's Physical Presence Requirement<\/h6>\n               <h5 class=\"mt-0\">PDF Download<\/h5>\n            <\/div>\n            <div class=\"col-md-3  pl-0 pr-0 float-left text-right\"><img decoding=\"async\" src=\"https:\/\/www.dibpak.com\/wp-content\/themes\/dib\/assets\/images\/report-img.png\" class=\"mt-2 mr-2\"><\/div>\n        <\/div>\n\t\t<\/a>\n\t\t<\/div>\n\t[\/vc_column][\/vc_row][vc_row][vc_column css=&#8221;.vc_custom_1644386491240{margin-left: 15px !important;}&#8221;]\n\n\t<div class=\" download_link \">\n\t<a href=\"https:\/\/www.dibpak.com\/wp-content\/uploads\/2021\/08\/Special-Power-of-Attorney-specimen.pdf\" class=\"vc_row wpb_row vc_row-fluid\" >\n      <div class=\"d-reports-box \">\n            <div class=\"col-md-9 pl-0 pr-0 float-left\">\n                <h6 class=\"mb-0\">Special Power of Attorney Specimen<\/h6>\n               <h5 class=\"mt-0\">PDF Download<\/h5>\n            <\/div>\n            <div class=\"col-md-3  pl-0 pr-0 float-left text-right\"><img decoding=\"async\" src=\"https:\/\/www.dibpak.com\/wp-content\/themes\/dib\/assets\/images\/report-img.png\" class=\"mt-2 mr-2\"><\/div>\n        <\/div>\n\t\t<\/a>\n\t\t<\/div>\n\t[\/vc_column][\/vc_row][vc_row][vc_column css=&#8221;.vc_custom_1644386500350{margin-left: 15px !important;}&#8221;]\n\n\t<div class=\" download_link \">\n\t<a href=\"https:\/\/www.dibpak.com\/wp-content\/uploads\/2021\/08\/LETTER-OF-LIEN-SET-OFF-RDA-by-interal-legal-counsel-6-August2021.pdf\" class=\"vc_row wpb_row vc_row-fluid\" >\n      <div class=\"d-reports-box \">\n            <div class=\"col-md-9 pl-0 pr-0 float-left\">\n                <h6 class=\"mb-0\">Letter of Lien<\/h6>\n               <h5 class=\"mt-0\">PDF Download<\/h5>\n            <\/div>\n            <div class=\"col-md-3  pl-0 pr-0 float-left text-right\"><img decoding=\"async\" src=\"https:\/\/www.dibpak.com\/wp-content\/themes\/dib\/assets\/images\/report-img.png\" class=\"mt-2 mr-2\"><\/div>\n        <\/div>\n\t\t<\/a>\n\t\t<\/div>\n\t[\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h2 style=\"padding-left: 15px;\">Terms and Conditions:<\/h2>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column css=&#8221;.vc_custom_1644386526580{margin-left: 15px !important;}&#8221;]\n\n\t<div class=\" download_link \">\n\t<a href=\"https:\/\/www.dibpak.com\/wp-content\/uploads\/2021\/09\/Terms-and-Conditions-Roshan-Apna-Ghar.pdf\" class=\"vc_row wpb_row vc_row-fluid\" >\n      <div class=\"d-reports-box \">\n            <div class=\"col-md-9 pl-0 pr-0 float-left\">\n                <h6 class=\"mb-0\">Terms and Conditions<\/h6>\n               <h5 class=\"mt-0\">PDF Download<\/h5>\n            <\/div>\n            <div class=\"col-md-3  pl-0 pr-0 float-left text-right\"><img decoding=\"async\" src=\"https:\/\/www.dibpak.com\/wp-content\/themes\/dib\/assets\/images\/report-img.png\" class=\"mt-2 mr-2\"><\/div>\n        <\/div>\n\t\t<\/a>\n\t\t<\/div>\n\t[\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h2 style=\"padding-left: 15px;\">FAQs:<\/h2>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<div style=\"padding-left: 15px;\">\n<ol>\n<li><strong>How is Roshan Apna Ghar Shariah-compliant?<\/strong><\/li>\n<\/ol>\n<p>Dubai Islamic Bank\u2019s Roshan Apna Ghar is based on the Shariah-compliant concept of Shirkatul Milkcum Ijarah. Under this mechanism:<\/p>\n<ul style=\"padding-left: 15px;\">\n<li>Bank and customer become joint owners in the property<\/li>\n<li>Bank leases its share of property to customer against periodic rentals<\/li>\n<li>Customer undertakes to purchase bank\u2019s share in property at the end of the tenure.<\/li>\n<li>Upon completely purchasing bank\u2019s share, customer ultimately becomes the sole owner of property<\/li>\n<\/ul>\n<ol start=\"2\">\n<li><strong>Who can apply for DIB Roshan Apna Ghar Finance?<\/strong><\/li>\n<\/ol>\n<p>Dubai Islamic Bank\u2019s Roshan Apna Ghar is a special product for Dubai Islamic Bank\u2019s RDA customers only.<\/p>\n<ol start=\"3\">\n<li><strong>Under which segments the customer can apply?<\/strong><\/li>\n<\/ol>\n<p>RDA customer can apply based on:<\/p>\n<ul style=\"padding-left: 15px;\">\n<li>Lien based( fixed and variable pricing)<\/li>\n<li>Non lien based( fixed and variable pricing)<\/li>\n<li>Mera Pakistan Mera Ghar (Government Profit Subsidy Scheme)<\/li>\n<li>Off plan projects( to be launched soon)<\/li>\n<\/ul>\n<ol start=\"4\">\n<li><strong>Which facilities can be applied under Dubai Islamic Bank\u2019s Roshan Apna Ghar?<\/strong><\/li>\n<\/ol>\n<p>Customer can apply for following facilities in Lien and Non-Lien based offerings:<\/p>\n<ul style=\"padding-left: 15px;\">\n<li>Home\/Flat Purchase<\/li>\n<li>Construction Finance<\/li>\n<li>Home Renovation<\/li>\n<\/ul>\n<p>Customer can apply for following facilities in Mera Pakistan Mera Ghar (Government Profit Subsidy scheme):<\/p>\n<ul style=\"padding-left: 15px;\">\n<li>Home Purchase<\/li>\n<li>Construction Finance<\/li>\n<\/ul>\n<ol start=\"5\">\n<li><strong>What are the financing tenure options offered by Dubai Islamic Bank\u2019s Roshan Apna Ghar?<\/strong><\/li>\n<\/ol>\n<p>Tenure of the facility is between 3 to 25 years in lien and non-lien based product.<\/p>\n<p>Tenure of the facility is between 5 to 20 years in Mera Pakistan Mera Ghar (Government Profit Subsidy scheme) product.<\/p>\n<ol start=\"6\">\n<li><strong>How much financing amount am I eligible for under Dubai Islamic Bank\u2019s Roshan Apna Ghar?<\/strong><\/li>\n<\/ol>\n<p>The minimum financing amount is PKR 500,000\/- in lien and non-lien based product<\/p>\n<ol start=\"7\">\n<li><strong>What are the rate options offered by Dubai Islamic Bank\u2019s Roshan Apna Ghar?<\/strong><\/li>\n<\/ol>\n<p>The customer can apply both on fixed and variable rate in lien and non-lien based product.<\/p>\n<ol start=\"8\">\n<li><strong>What pricing does Dubai Islamic Bank\u2019s Roshan Apna Ghar offer?<\/strong><\/li>\n<\/ol>\n<p>Following would be the pricing:<\/p>\n<ol>\n<li><strong>Lien based:<\/strong><\/li>\n<\/ol>\n<p>Variable Rate: 1-year KIBOR only<\/p>\n<p>Fixed rate (5-Years): 5-year PKRV(PIB rate) only<\/p>\n<ol>\n<li><strong>Non Lien based:<\/strong><\/li>\n<\/ol>\n<p>Variable Rate: 1-year KIBOR + 1.5%<\/p>\n<p>Fixed rate (5-Years): 5-year PKRV(PIB rate) + 1.5%<\/p>\n<ol>\n<li><strong>Mera Pakistan Mera Ghar (Government Profit Subsidy Scheme) &#8211; Tier based pricing<\/strong><\/li>\n<li><strong>What is KIBOR?<\/strong><\/li>\n<\/ol>\n<p>KIBOR is the Karachi Interbank Offered Rate used as a benchmark for price setting. For the stated scheme, KIBOR shall mean 12-month Karachi Interbank Offer Rate announced on 1st working day of each calendar month. For repricing, KIBOR shall mean 12-month Karachi Interbank Offer Rate announced on 1st working day of each calendar month immediately preceding the end of repricing date.<\/p>\n<ol start=\"10\">\n<li><strong>What would be DIB\u2019s markup and my monthly installment? <\/strong><\/li>\n<\/ol>\n<p>Without lien 1-year KIBOR + 1.5%<\/p>\n<p>With lien 1-year KIBOR<\/p>\n<ol start=\"11\">\n<li><strong>What is the difference between Fixed and Variable rate?<\/strong><\/li>\n<\/ol>\n<p>Under variable rate, rental component of instalments will be based on benchmark to be revised annually, whereas under fixed rate, rental component of instalment will be based on fixed rate for 5 years and will be revised after 5 years.<\/p>\n<ol start=\"12\">\n<li><strong>What are the other charges applicable?<\/strong><\/li>\n<\/ol>\n<p>Please refer to the Bank\u2019s Schedule of Charges.<\/p>\n<ol start=\"13\">\n<li><strong>Can I terminate the facility before the maturity date?<\/strong><\/li>\n<\/ol>\n<p>Yes, you can settle your facility before the maturity date.<\/p>\n<p>For first year, bank may deduct 1% Early settlement; afterwards NO early termination charges will be levied (in lien and non-lien based product).<\/p>\n<p>Zero early termination Charges in Mera Pakistan Mera Ghar (Government Profit subsidy scheme).<\/p>\n<ol start=\"14\">\n<li><strong>What is the maximum bank investment ratio?<\/strong><\/li>\n<\/ol>\n<p><u>For Lien and Non-lien Based product<\/u><\/p>\n<p>Home Purchase\/Plot + Construction\/Construction Finance \u2013 Maximum up to 85% of property value<\/p>\n<p>Home Renovation \u2013 Maximum up to 30% of property value.<\/p>\n<ol start=\"15\">\n<li><strong> How can I repatriate my funds invested in Roshan Apna Ghar from Pakistan , what will be the process? <\/strong><\/li>\n<\/ol>\n<p>Dubai Islamic Bank Pakistan Offers its Valued Roshan Digital Account Holders the ability to purchase property through their own funds or Financing form the bank through the Roshan Apna Ghar Portal. Property Purchased or Finance needs to be valuated by at least 2 companies who are PBA approved and a legal decision on the property has to exist prior to any transaction.\u00a0 The Customers are allowed to make payment 10%+- of the avg value by the 2 companies.\u00a0 Where payment is routed through the RDA account to the Beneficiary as per Sale Deed.\u00a0 Proof of transaction has to remain with the bank.\u00a0 At the time of Sale proceeds can be deposited to the bank account where again Valuation is done of the property. Principal Amount can be repatriated at any point of time when selling the property and repatriating but the profit can be repatriated only after 3 years.<\/p>\n<p>[vc_row][vc_column width=&#8221;1\/1&#8243;][vc_column_text]<\/p>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text] What is Roshan Apna Ghar? Roshan Digital Account is a remarkable initiative, led by the State Bank of Pakistan (SBP) for the ease of millions of Non-Resident Pakistanis (NRPs) residing across the world.\u00a0 Roshan Apna Ghar offers NRPs around the world to invest in Pakistan Real Estate where the preliminary working can happen and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.dibpak.com\/index.php\/roshan-digital-account\/roshan-apna-ghar\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Roshan Apna Ghar&#8221;<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":6741,"parent":6179,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/www.dibpak.com\/index.php\/wp-json\/wp\/v2\/pages\/6739"}],"collection":[{"href":"https:\/\/www.dibpak.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.dibpak.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.dibpak.com\/index.php\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dibpak.com\/index.php\/wp-json\/wp\/v2\/comments?post=6739"}],"version-history":[{"count":60,"href":"https:\/\/www.dibpak.com\/index.php\/wp-json\/wp\/v2\/pages\/6739\/revisions"}],"predecessor-version":[{"id":7600,"href":"https:\/\/www.dibpak.com\/index.php\/wp-json\/wp\/v2\/pages\/6739\/revisions\/7600"}],"up":[{"embeddable":true,"href":"https:\/\/www.dibpak.com\/index.php\/wp-json\/wp\/v2\/pages\/6179"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dibpak.com\/index.php\/wp-json\/wp\/v2\/media\/6741"}],"wp:attachment":[{"href":"https:\/\/www.dibpak.com\/index.php\/wp-json\/wp\/v2\/media?parent=6739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}