Islamabad, Nov 3rd, 2021: JS Bank has joined hands with Gohar Villas to provide home financing at minimal markup rates under the Government of Pakistan’s Markup Subsidy Scheme, backed by State Bank of Pakistan.
The agreement was signed between Fahad Siddiqui, Head of Secured Lending – JS Bank and Hanif Gohar, Chairman – Gohar Group of Companies. Also present on location were Zulfiqar Lehri, Distribution Head of Consumer Lending – JS Bank and Gohar Group’s CEO – Asmaar Sheikh, Chief Manager – Emran Pathan, Chief Manager and CFO- Talal Bin Majid.
Speaking on the occasion, Fahad Siddiqui said, “Our home financing strategy is aligned with the vision of Government of Pakistan & SBP to promote affordable housing across the nation. JS Bank is the largest conventional home loan providing bank in Pakistan & we remain committed to maintain our leadership position in the housing finance space through best-in-class product offerings & helping our valued clients become homeowners.”
Hanif Gohar, Chairman – Gohar Group of Companies, shared his vision for the project, “We are delighted to partner with JS Bank to offer home financing to our valued customers. Our mission has always been to empower the Pakistani people with home ownership and JS Bank’s innovative offerings including attractive home loan rates and faster approvals will ease the journey towards that goal.”
JS Bank has taken this crucial step to provide flexible loans to the home buyers of today, making it possible for them to borrow as much as 90% of the property’s value and hence bringing home ownership within the reach of many who would not be able to afford it otherwise.
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About JS Bank:
JS Bank is amongst the fastest-growing Banks in Pakistan, with both domestic and an international presence. The Bank is a leader in the SME space and has a substantial footprint in Digital Banking and Consumer Loans. JS Bank has been recognized on multiple international and national forums, including the prestigious AsiaMoney, Asian Banking, Finance, DIGI, and Pakistan Banking Awards. The Bank is part of JS Group, one of Pakistan’s most diversified financial services groups. For more information, please visit http://www.jsbl.com.