JS Bank aims to offer prospective home buyers with the opportunity to purchase a home, build their own home or even renovate a current property through an excited offering of JS GharApna Home Loan. The loans are flexible and make it possible for buyers to borrow as much as 80% of the value of the property. The process of applying for and obtaining a loan is efficient and effective.
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Key Features of JS GharApna Home Loan
Home loans through JS GharApna come with a number of features, making it a very attractive product for those who are looking to own a property either house or land. It does not matter if you are building your own home, buying a property or renovating a property, a home loan through JS GharApna could provide you with as much as 80% of the market value of the property, making it easy for many to own their own property.
If you have a current home loan, it is also possible to transfer it to JS GharApna Home Loans in order to reduce the monthly payments. When it comes to the Balance Transfer facility, there is a floating rate of 1-year KIBOR + 3%.
To provide complete peace of mind, home loans from JS GharApna come with a Home Loan Protector from EFU Life Assurance Limited. Therefore, should you pass away or become disabled, your family will be protected from the stress of meeting repayments.
Product Categories Under JS GharApna Home Loan
There are three main home loan products on offer at JS GharApna:
1- Purchase or Buy Your Own Home
If you have found your dream property and want to purchase, then you can apply for a JS GharApna Home Purchase loan. You can borrow from as low as Rs. 500,000 and as much as Rs. 100 million. Once you determine how much you need to borrow, you can then decide the loan term which can range from 1 to 20 years.
2- Build Your Own Home on Pre-owned Plot
Maybe you have found the right plot for your home, if so, then you can apply for a JS GharApna home Construction Loan. They are available for as little as $s. 500,000 and as much as Rs. 100 million. For plots that are pre-owned, there is a limit of Rs. 50 million. Once you have decided how much you need to borrow, you can then choose the financing tenure which ranges from 1 to 20 years.
Additioanl Reading: Home Loans in Pakistan- Tips for Planning Your Monthly Installment
3- Property Renovation
Once you understand what renovation work is required, you can then apply for a Renovation Loan from GharApna. Again, you can borrow as low as Rs. 500,000 and as much as Rs. 10 million. The loan tenure can range from 1 year to 10 years but once you have selected and been accepted, you can begin your exciting project.
Who is Eligible for the JS GharApna Home Loan?
In order to be eligible for a home loan, you will have to hold a computerized National Identity Card/NICOP. You must also be a resident (preferably) or you may be non-resident of Pakistan and you will have to provide your income documents including your salary slip and account statement. There is an age limit of 60 years for salried persons and 65 years for self-employed or businessmen.
Making an Application
To apply for a loan, you can choose to visit your nearest JS Bank branch but we, at Mawazna.com can also help you with JS GharApna to bring your great deals at your door step through this new digital channel of Mawazna offering you an efficient and personalized user experience that can get you closer to your dream home or property. An application can be made in just a few minutes so please contact us to help you with your home loan needs.
Summary
Owning your home, building your own home or renovating a property is now such a dream that can easily be realised. Thanks to JS GharApna home loan and their simple home loans offerings, you can now become a home owner. The whole process is made easier when you opt to use Mawazna.com but more importantly, you could find a home loan that is right for you. Mawazna.com is a leading financial services aggregator platform where you can compare and apply for various financial services products including home loans.
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