What is a housing loan for? -Financing the purchase of residential apartments and houses
-Finishing a house under construction or erecting a new one
-Buying a piece of land and developing it for construction
-Expanding an existing building
What is the Minimum income to request Housing Loan? The minimum income required to request a housing loan is 350 JODs
Why is the “Housing Loan” from Housing Bank your perfect solution? - Grace period up to 6 months in case of purchases and up to 24 months for construction.
- Competitive interest rate.
- Pre-approved credit card with free subscription fees for the first year.
- Life insurance coverage.
- Various financing purposes (purchasing a personal residence, building a personal residence, expanding an existing building, purchasing land to build a personal residence).
- Financing up to 100% of the real-estate estimated value.
- Unlimited loan limit Tenor of loan up to 30 years
- The ability to finance expatriates.
What documents should I bring to get a housing loan? Salary certificate or proof of income Presale or initial sale contract [Applicable in case of buying] / Property Registration Document [Property Deed] / Landscape blueprint [Land Map issued by Land Registration department] / Site location blueprint Real-Estate / License Proof of identity [I.D]
What is the interest rate on a housing loan? Your Internet Explorer web browser is out of date and cannot display the web page you are visiting correctly because it is not compatible with modern Web standards.
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