| Non-Lien Based | Lien Based | |
| Citizenship | All Non-Resident Pakistani RDA accountholders having valid NICOP | |
| Age (Applicant & Co-applicant) | Salaried Individual
However, it may be extended to 65 years provided applicant justifies that he/ she can repay the loan even after retirement age. Non-Salaried Individual
Co-applicant’s age may not exceed 65 years at the time of maturity, in case income of co-applicant is not clubbed. |
|
| Net Monthly Income | Equal to minimum PKR 50,000/- for applicantNo minimum income criteria for co-applicant which will be clubbed to meet the requirement of DBR | Not Applicable |
| Occupation |
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| Employment Status for Salaried | Permanent & Contractual | Not Applicable |
| Employment / Business Tenure | Minimum overall employment / business tenure will be two years | Not Applicable |
Non-Lien BasedLien BasedDocuments Requirement
1. Duly filled application form.
2. Applicant’s copy of NICOP
3. Copy of Co-Applicant’s CNIC/ NICOP
4. Two passport-sized coloured photographs of applicant and co-applicant(s) each.
5. Copy of Passport of applicant and co-borrower NRP if applicable
6. Copy of Visa / Work permit / Residence Permit (Iqaama etc.) of applicant and co-borrower NRP if applicable
7. Copy of Professional Association Membership Certificate / Practice License (if applicable)
8. Bank Statement – last 12 months (Original OR duly attested by the bank with stamp)
9. Copies/ details of any financing facility being availed in the country of employment or in Pakistan
10. Copies of educational qualification degree / certificates (if applicable)
11. Copy of Rental Documents (if applicable)
12. Copy of recent Credit Card Bills. (if applicable)
13. Copies of last 2 years tax documents where applicable
14. Credit Bureau Report of stay country
Salaried Individual only:
1. Employer’s certificate including tenor, designation, remuneration details.
2. Employment Contract (if applicable)
3. Last three-months’ salary slip
Non -Salaried Individual only:
1. Valid Business Proof Documents except Power of Attorney should not be verified / validated from the embassy / notary public
1. Duly filled application form.
2. Applicant’s copy of NICOP
3. Copy of Co-Applicant’s CNIC/ NICOP
4. Two passport-sized coloured photographs of applicant and co-applicant(s) each.
5. Copy of Passport (if applicable / optional)
6. Copy of Visa / Work permit / Residence Permit (Iqaama etc.)Documents except Power of Attorney should not be verified / validated from the embassy / notary public
Legal Agreement / Other Documents Signing Criteria In case main applicant (NRP) is available, legal agreement and other documents will be signed by applicant in the presence of bank officer. Whereas, in case where main applicant (NRP) is not available, legal agreement and other documents will be signed by applicant in the country of stay. Any/all charges for the same will be borne by the customer. Legal Evaluation The copies of property documents are initially vetted by legal advisor who is reputed lawyer or firm of lawyers on the Bank’s approved list at later stage, all original property documents are “verified as originally seen” at lawyer’s office before disbursement Documentation Charges At actual
Q. What is Roshan Apna Ghar?
Roshan Apna Ghar is digital variant of home finance facility on affordable monthly instalments for Non- Resident Pakistanis maintaining Roshan Digital Account (RDA) with Allied Bank Limited (ABL).
Q. What are basic eligibility criteria to avail Roshan Apna Ghar faciality?
Across the world, non-resident RDA accountholders having valid NICOP are eligible to apply for Roshan Apna Ghar facility.
Q. How many variants of Roshan Apna Ghar financings are available?
RDA holder can avail this facility in any of the two categories a. Non-Lien Based & b. Lien Based.
Q. Is Roshan Apna Ghar financing facility available only for purchase of house/apartment?
RDA holder can avail Roshan Apna Ghar financing facility for purchase of house / apartment, construction of house, purchase of land and construction thereon and renovation of already owned house/apartment.
Q. Is financing facility available for purchase of plot only?
No, this facility is not available for purchase of plot only; the facility is available only for purchase of plot and construction of house thereon.
Q. What is financing tenor of this faciality?
Roshan Apna Ghar housing finance facility can be availed for minimum three (3) years and maximum twenty-five (25) years.
Q. Do I need to pay any type of tax(es)?
All applicable Govt. tax(es) have to be paid by the customer.
Q. How would I repay monthly installments?
Repayments will be deducted from RDA in PKR maintained with ABL and in case of Foreign Currency Account, PKR account to be opened for deduction of installments. Applicant would submit Direct Debit Authority for deduction of monthly payments from his/her account maintained with ABL.
Q. How much financing can I avail?
You can avail financing up to PKR 60 Million however there is no maximum capping if you apply for Lien Based Financing; however, of 100% of financing amount on PKR RDA / NPC and 110% on Foreign Currency RDA / NPC will be marked.
Q. How many housing finance facilities can I avail under Roshan Apna Ghar?
At a time one financing facility may be allowed.
Q. How would the value of property be determined for the purpose of financing?
Property will be evaluated by bank’s approved Valuator only. Evaluation requires one full scope property valuation for the cases up to financing requirement of Rs.10 Million and two full scope valuations for cases where financing facility is required above Rs.10 Million and lower of the two shall be used. Further, Market Value of Property Valuation and BOQ on actual basis, where applicable, shall be considered for financing.
Q. Would I need to pay any charges to apply for Roshan Apna Ghar?
You would need to pay one-time Processing Fee (as per prevailing Bank`s Schedule of Charges) after approval of application. Further, you would also need to pay non-refundable Property Valuation Charges and Legal Opinion Charges on actual basis irrespective of decision on the case.
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