Owning a home is a dream for many, and JS Bank’s Roshan Apna Ghar scheme brings this dream closer to reality for non-resident Pakistanis (NRPs). With competitive rates and flexible options, applying for a house loan in Pakistan has never been easier.
This guide will help you navigate the process, understand the requirements, and make an informed decision.
Understanding the Roshan Apna Ghar Scheme
JS Bank’s Roshan Apna Ghar offers two financing options for overseas Pakistanis:
- Lien-Based Financing: Leverages investments in Roshan Digital Account (RDA) or Islamic Naya Pakistan Certificates (INPCs) as collateral, eliminating the need for property mortgages.
- Non-Lien Based Financing: Involves mortgaging the financed property, ideal for individuals without existing investments.
Steps to Apply for a House Loan with JS Bank
1. Check Your Eligibility
JS Bank caters to:
- Salaried individuals.
- Self-employed professionals.
- Non-resident Pakistanis (NRPs) holding a Roshan Digital Account.
2. Prepare the Required Documents
For Salaried Individuals
- NICOP copy.
- Salary slips (last three months).
- Bank statement (last 12 months).
- Employer’s certificate detailing tenure, designation, and remuneration.
- Credit bureau report from the country of residence.
- Property documents for mortgage or lien.
For Non-Salaried Individuals
- NICOP copy.
- Proof of business registration.
- Tax documents (last two years).
- Bank statement (last 12 months).
- Credit bureau report.
- Property documents for mortgage or lien.
3. Select Your Financing Option
Lien-Based Financing: For those leveraging RDA or INPC investments.
Non-Lien Based Financing: For direct property mortgage applicants.
4. Submit the Application
Apply through:
Submitting your application via the Roshan Digital Account platform.
5. Verification and Approval
JS Bank will review your documents, conduct property appraisals, and verify eligibility. Approval typically takes a few weeks, depending on the completeness of the application.
6. Disbursement of Funds
Once approved, funds are disbursed directly to the property seller or builder, depending on the agreement.
Conclusion
Applying for a house loan in Pakistan is no longer a complicated process. JS Bank’s Roshan Apna Ghar simplifies the journey to homeownership, making it a viable option for individuals across financial backgrounds.
Take the first step today and make your dream home a reality!