JS Bank offers wide range of products including:

• Home buyer- you can buy an apartment/ house
• Home build- construct on already owned plot (self- spouse)
• Plot purchase and construct on it
• Home Renovation
• JS – MPMG (Govt. Markup Subsidy Scheme for Housing Finance)

In all cities where JS Branches are located. To see the full list, click here: https://jsbl.com/branch-locator/

Only if they hold valid Pakistani nationality (NICOP), in addition to their overseas permanent resident status.

There is no positive or negative locations list in the industry, you just have to choose residential property in the market and get back to us to apply for house finance. We will seek legal opinion from the Bank’s lawyer on property title documents. Further, we will seek an internal review to make sure the property you selected is marketable with free access. Consequently, you will be informed if the property is not acceptable to us, you will further be advised about other secured property options. We are not bound by any sale commitment that you may have made with the seller.

We finance to:

• Salaried individuals
• Self-employed professionals
• Businessperson

Your application shall only be processed once you submit all documentation and information to our satisfaction. If your loan gets approval from the Bank’s internal credit department, we shall start proceeding with all legal formalities related to the property. Next, we will wait for your instruction to disburse the facility.

Minimum of PKR 500,000/- and maximum of PKR 100 Million, depending upon your repayment capacity.

a. Lien-based Product: No requirements of a mortgage
b. Non–lien-based Product: Equitable mortgage for all and token registered mortgage for customers based on their risk profile

a. Lien-based Product: Co-applicant optional at the discretion of the applicant. However, the borrower will nominate a person who can be a lawyer, a relative, or a friend to facilitate the transaction in Pakistan. The nominee cannot be optional in the absence of a co-applicant; the applicant will have to nominate someone to facilitate the transaction, receive Pos, etc.
b. Non–lien Product: Co-applicant is mandatory. Co-applicant will be an immediate family member like a spouse, parents, adult siblings & children living in Pakistan.

Markup will be variable linked with 1-Year KIBOR (benchmark) and Bank’s margin. Bank margin, over and above the benchmark rate, will be as low as 1.5% in non-lien based. Bank offers exclusive pricing in case of lien-based financing.

Please refer to the “Schedule of Charges” for detailed information on application charges.

A late payment penalty will be levied that you will be required to clear off at the end of your financing tenure. For details on late payment charges please refer to “Schedule of Charges.

Yes there is flexibility to make partial pre-payments with zero charges after the first year.

For first-year 1% will be charged upon Early Termination afterword NO charges will be levied.

• Lien based Product: not required as the property can be transferred in his/her name ex-parte subject to respective; his/her nominee can witness the transaction to ensure that the sale deed is duly executed/registered in his/her name.
• Non –lien Product: either physical presence or PA is required to collect the title documents and to create a charge in favor of the Bank.
• Outright Purchase: Physical presence or PA not required as the property can be transferred in his/her name ex-parte subject to respective authority’s discretion; his/her nominee can witness the transaction to ensure that the sale deed is duly executed/registered in his/her name.

KIBOR is subject to revision every year, JS Bank rates are non-negotiable and fixed throughout the life of your tenure. Hence, your financing tenure shall be revised yearly to reflect changes.

One time charges to process your application processing, income estimation, legal opinion on property will be applicable. These charges are non-refundable irrespective of the outcome of your application.

We accept postdated cheques, monthly deposit of cash, cheque in account, direct debit.

• We provide multiple financing options i.e. Home/apartment purchase, home construction on own plot, plot purchase + construction, and home renovation.
• We provide an end-to-end advisory services
• Our policy is to secure your investment by providing mandatory Life and Property Insurance at economical rates
• Your property Title Documents are thoroughly examined by our legal experts, to ensure any possible future issues regarding legal deficiency in the property/security.

There are different types of taxes applicable on sale-purchase and mortgage of property like Stamp duty, TMA / authority fee, registration fee, withholding tax (Separate for filer & non-filer), Gain tax (Separate for filer & non-filer) etc. These taxes vary from province to province and property rate at which tax rate applies also varies from area to area within a city.

Special power of attorney can be given by the owner (s) of the property to execute sale-purchase transaction, retrieval of tile and ancillary documents from concerned authority / society, submission of documents to banks, execution of mortgage deed and charge creation documents. The template of power of attorney will vary for different societies /authorities and will be executed accordingly.

• The special power of attorney should be properly filled along with required copies of CNIC/NICOP etc.
• The owner (s) will execute the special power of attorney in the office of embassy / consulate office of Pakistan in his/her country of residence.
• The embassy / Consulate office will attest the signature of executant along with witness of documents
• The identification copies of witnesses
• Duly attested power of attorney will be sent to attorney-holder to Pakistan for its execution.
• The power of attorney will be verified by Ministry of Foreign Affairs office in Pakistan with applicable fee
• The power of attorney will be registered in the office of sub-registrar (where required)

Note: The customer (s) / owner (s) need (s) to be physically available in Pakistan in case respective authority does not entertain power of attorney.

In case of self-financing or lien-based financing, where mortgage of property is not required, the customer shall provide a copy of the title deed in his/her name for Bank’s record.

Please review Framework for Investment by Non-Resident Pakistanis (NRPs) in Residential and Commercial Real Estate Sector through NRP Rupee Value Account (NRVA) at link https://www.sbp.org.pk/epd/2020/FEC1-Annex-A.pdf