Faisal Islamic Bank Loan
Faisal Islamic Bank Loan is based on the principles of Diminishing Musharakah. This is a medium and long term financing product, where the Bank and the customer jointly purchase an asset and create joint ownership in the asset. The Bank rent out its share in the asset to the customer while the customer periodically purchases units of ownership in the asset from the Bank. After purchase of all the units the customer becomes the sole owner of the asset.
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Key Features
Minimum and Maximum facility size: PKR 25,000 – Up to PKR 2,000,000
Tenure: 12 months to 36 months
Product Pricing: The total selling price of assets will be charged. Once the price is set, the selling price will not be allowed to change during the agreed tenor.
Prepayment penalty: No prepayment penalty charged.
Processing Fee: Rs. 4,000/- + FED
Charity (Late Payment Charges): None
To view terms and conditions of Faysal Takmeel, Click here
Schedule of Charges (English), Click here
Schedule of Charges (Urdu), Click here
Shariah Fatwa
To view English flyer, Click here
To view Urdu flyer, Click here
Faisal Bank Car Loan Detail
Documents Required:
Salaried Copy of CNIC
2 Passport Size Photographs
Last six months’ Salary Slips (Original)
Salary Certificate / Employment Certificate (Designation, Date of Joining, Permanent – Status, Salary Breakup) (Original)
Last 12 months Bank Statement (Original)
Copy of Complete property documents
SEB/SEP
Copy of CNIC
2 Passport Size Photographs
NTN Certificate
Last 2 Years Tax returns
Last 12 months’ bank statement (Original)
Proprietorship certificate (Original)
Last 2 years Tax returns of individual person
Form A
Form 29
Article of Memorandum
Certificate of Incorporation
Valid Certificate of Pakistan Medical Dental Council(PMDC)
Valid certificate of Pakistan Engineering Council (PEC)
NRP (Salaried and Self Employed Professionals Only)
Application Form properly filled and signed by customer
Copy of CNIC
2 Passport Size Photographs
Copy of Passport (Each Page)
Last 12 Months Salary Slips (Original and with HR Stamp)
Employment Certificate (Designation, Date of Joining, Permanent Status, Salary Breakup) (Original)
Last 12 Months Bank Statement with Salary Reflection (Original and with Bank Stamp)
Valid Pakistan medical Dental Council Certificate (PMDC) (For Doctors only)
Valid Pakistan Engineering Council Certificate(PEC) (For Engineers Only)
All documents attested from Pakistan Consulate or Notary Public of resident country
Provide the email ID / Contact Number and Person Name who will be verify the Salary Slips and Employment Certificate
One guaranty from Pakistan
Copy of Complete Property Documents
Age Limit:
Salaried – Min 21 Years and Max 60 Years at the time maturity
SEB/SEP – Min 21 Year and Max 65 Years at the time of maturity
NRP – Min 21 years and Max 60 Years at the time maturity
For Karachi:
Shoaib Siddiqui – Regional Sales Manager
Contact number and Email Address: 0300 8297226 and ShoaibSiddiqui@faysalbank.com
For Lahore:
Syed Mazhar Arslan – Regional Sales Manager
Contact number and Email Address: 0321 9449778 and syedmazhararslan@faysalbank.com
Product Features & Benefits
Faysal Islamic Home Finance is offering four product variants:
Home Purchase: This type of facility allows you for the purchase of constructed property.
Home Builder/ Plot + Construction: This type of facility is extended to customers who already own land / want to purchase a piece of land and need funds to meet the cost of constructing property.
Home Renovation: This facility is offered to customers who already own a house and require funds for renovations.
Home Re-finance (Transfer existing home finance facility): This type of facility allows you to transfer your existing home finance facility from any other bank to Faysal Bank Limited Islamic Banking.
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Eligibility Criteria for SME Clients
Fixed Rate option
Quick processing with minimum documentation
Minimum Limit PKR 500,000/- and Maximum 100 Million or up to 75% of the appraised value of your property
Tenure from 1 to 20 years (For Home Renovation minimum 2 and maximum is 15 Years)
Flexibility to make Partial Pre-payments
Property Takaful coverage
Accidental death Takaful coverage
Property rental Income can be considered as primary income or additional to the basic income
Income clubbing option with close relative
Non- resident Pakistanis (NRPs) are also eligible to apply for home finance facility. Documents required
Personal Finance Click Here
OUR CONTACT CENTER/ HELPLINE NUMBER
Help Line: 021 111-06-06-06
Fixed Rate option
Quick processing with minimum documentation
Minimum Limit PKR 500,000/- and Maximum 100 Million or up to 75% of the appraised value of your property
Tenure from 1 to 20 years (For Home Renovation minimum 2 and maximum is 15 Years)
Flexibility to make Partial Pre-payments
Property Takaful coverage
Accidental death Takaful coverage
Property rental Income can be considered as primary income or additional to the basic income
Income clubbing option with close relative
Non- resident Pakistanis (NRPs) are also eligible to apply for home finance facility. Documents required
OUR CONTACT CENTER/ HELPLINE NUMBER
Help Line: 021 111-06-06-06