Take a loan from Summit Bank to build an emergency house

Take a loan from Summit Bank to build an emergency house

If you live in Pakistan and you want to build a private house, various banks give loans to build a house in Pakistan but Summit Bank gives loans to build or buy a house in Pakistan at very low markup

Salary earners, small business owners, rich and poor, all can build their own house by taking a loan

Loans are provided for the following purposes

Loans are provided for the following purposes

To buy a house

For home construction only

For home decoration

For both home plot and construction

Loan details

The bank will lend at least three lakhs and up to one billion at most

It is up to the customer to decide how much money he needs and the customer can borrow as much as he wants.

The loan must be repaid in a minimum of one year and a maximum of 20 years

Markup

 Salary: Six months KIBOR + 400bps

Self-Employed Professional: Six months KIBOR + 450bps

 

Self-Employed Businessman: Six months Caber + 500 BPE

 

The customer will pay a minimum of 15% down payment and can pay as much as he wants

 

If the customer wants to avail the insurance facility from the bank, he will get it

Necessary documents

Salary slip

Assimilation certificate

Business proof

Copy of ID card

Two pictures

A copy of the bill

Bank State Mint

Credit eligibility criteria

The salaried man should be between 23 and 60 years of age

Professionals and businessmen should be between 23 and 65 years of age

 

The customer can apply for free. If the loan is approved, the customer will have to pay a processing fee.

 

To apply, the customer can go to any branch of Summit Bank and apply