Housing Finance
SMC launched its housing loan product in May 2022 and initiated the product disbursement with the
product subtype loan for building expansion/ renovation under the pilot phase. This product is targeted
for the urban and semi urban population who have their own houses either in cities or in villages along
with the complete documentation and have need to fix and repair, extend their houses or improve their
houses.
Key Features
- Building Expansion/ Renovation
- Instant Home Rehabilitation Loan
- Easy Housing Finance
- Easy Installments
- Valid CNIC/SNIC
- Age between 20 – 55 years
- Permanent resident of the locality for 2 years
- Permanent Employee (Having at least one year of employment/service)
- Salary Slip and NOC (duly signed by Employer)
PKR 50,000 to PKR 1500,000 (Based on the Net Salary, Borrower Need, Cash flow)
- Processing & Registration Fee: 0 (None)
- Emergency Fund: 1% per Annum
- Service Charges Rate: 30% & 23% per Year
6 Months/ 12 Months/ 18 Months /24 Months / 36 Months /48 Months /60 Months
Individual
In case of death/ permanent disability