BankIslami: Product & Services: MUSKUN Home Financing

Ramadan 27, 1431 A.H

Tuesday, September 07, 2010

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Home > Products & Services > Consumer Finance > MUSKUN Home Financing

Features	How it Works	Calculator	Fatwa	Eligibility	Apply Now
FAQs

In order to determine the Installment amount as per the financing amount and tenure, please click on the Muskun Home financing facility required by you:

Home Purchase

Your Home Current Market Value
Your Financing Requirement
Tenure of Financing in Years

Monthly Payment
Note: Chain of Title documents provided must be original. Home/Apartment to be financed must be for Residential purpose only. The Profit rate used to calculate the monthly rentals is 1 Year KIBOR +3.5%. This product is based on the mode of Diminishing Musharakah. The installment amount will decrease with the passage of time.

Home Construction

Your Home Current Market Value
Your Financing Requirement
Tenure of Financing in Years
No. of Tranches

1st Tranche Schedule	Rent:
2nd Tranche Schedule	Rent:
3rd Tranche Schedule	Rent:
4th Tranche Schedule	Rent:
Monthly payment after 12 month of last disbursement.
Note: Chain of Title documents provided must be original. Amount of Tranches will be calculated as per BOQ(Bill of Quantity). Home/Bungalow to be financed must be for Residential purpose only. In case of financing required for land + construction, we can finance 50% of the cost of land at the time of Property purchase. The rest of the financing amount for Home construction will be provided in 3 tranches after receiving approved Building plan and Bill of Quantity. The Profit rate used to calculate the monthly rentals is 1 Year KIBOR +3.5%. This product is based on the mode of Diminishing Musharakah.

Home Renovation

Your Home Current Market Value
Your Financing Requirement
Tenure of Financing in Years
No. of Tranches

1st Tranche Schedule	Rent:
2nd Tranche Schedule	Rent:
Monthly payment after 12 month of last disbursement.
Note: Chain of Title documents provided must be original. Home/Apartment to be financed must be for Residential purpose only. Permission to Mortgage, Bill of Quantity and approved Building plan must be provided at the time of financing. The Profit rate used to calculate the monthly rentals is 1 Year KIBOR +3.5%. This product is based on the mode of Diminishing Musharakah.

Home Replacement (Balance Transfer Facility)

Your Home Current Market Value
Your Financing Requirement
Tenure of Financing in Years

Monthly Payment (1-12 months)
Monthly payment after 12 month of last disbursement.
Note: Chain of Title documents provided must be original. Home/Apartment to be financed must be for Residential purpose only. The Bank will only finance the outstanding principal and not the markup. The Profit rate used to calculate the monthly rentals is1 Year KIBOR +3.5%. This product is based on the mode of Diminishing Musharakah.

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