Soneri Mustaqeem Ghar Finance

A Shari’ah Compliant house finance facility that empowers Soneri Mustaqeem Islamic Banking customer to fulfill their dream of own home. Be it acquiring a new one, building or redesigning an existing home, this facility has different choices to suit the customers’ needs on the Islamic principle of Diminishing Musharakah. Soneri Mustaqeem Ghar Finance provides you the following options;

  • Purchase of constructed residential house/flat
  • Construction of residential house on owned land
  • Purchase of land plus construction of house
  • Extension/Renovation of self-occupied residential property
  • Balance Transfer Facility (BTF)

Key Features

  • Diminishing Musharakah based Shari’ah Compliant Financing
  • Fast and hassle-free application processing
  • Zero processing fee on declined application
  • Early & Partial settlement options as per applicable terms.
  • Minimum Financing amount Rs. 0.5 million
  • Maximum Financing amount Rs. 75 million (Rs. 10million for extension/renovation)
  • Financing can be availed for Maximum 20 years
  • Financing up to 70% of (Max. 50% for extension/renovation)
  • Minimum Monthly Net Take home income
    • Rs, 100,000/- (for Salaried individuals)
    • 300,000/- (for Businessmen and self –employed professionals)
    • 200,000/- (for individuals receiving remittance
    • 50,000/- (For all categories of PWDs including females with disabilities i.e physical handicapped, visually impaired/blind, people with hearing speech disabilities etc.
  • Applicant’s age should not be more than 60 years at the time of financing maturity for salaried individuals and 70 years for businessman and self-employed professionals.
  • Co-applicant facility is also available

For further details, please call our 24/7 helpline 021-111-SONERI (766374).

*Subject to change from time to time.

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    Last Update: 29/05/2024 01:57

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