Roshan Apna Ghar
A Shariah Compliant Home Financing Solution for RDA clients
FOR INDIVIDUAL
For Companies
A Shariah Compliant Home Financing Solution for RDA clients
processing charges
& Floating Financing options
financing of the property value
Buy a new home at competitive pricing.
Avail financing against your home for renovation or extension purposes.
Both hybrid and floating pricing options.
Up to 25 years financing tenor.
House ValuePlease enter an amount between BWP 100,000 and BWP 5,000,000
Please enter a duration between 1 year and 25 years only.
Bank Share
Financing Years
Please enter a duration between 3 years and 6 years only.
| Finance Amount | Takaful Payment | Monthly Payment |
|---|---|---|
| 1,400,000 | 50 | 13,975 |
Ans: Roshan Apna Ghar is a Shariah Compliant home financing facility under Islamic Diminishing Musharaka structure for non- resident Pakistanis maintaining Roshan Digital Account with SCBPL.
The following options are available:
Ans: This facility is available under two financing options as follows:
In case of non-lien based, mortgage creation is required and property being financed will be mortgaged with the bank. Whereas in case of lien based financing, mortgage of property is not required. The customer shall provide a copy of title deed in his/her name for bank’s record.
Primary applicant can have up to four co-applicants. Co-applicant must be an immediate family member like spouse, parents, adult siblings & children. At least one co-applicant should be permanently living in Pakistan.
Yes, co-applicant can become a co-borrower by clubbing income with primary applicant. However, only a resident Pakistani is allowed to become a co-borrower.
In case primary applicant (NRP) is available, legal agreement and other documents will be signed by applicant in the presence of bank officer. Whereas, in case where main applicant (NRP) is not available, legal agreement and other documents will be signed by applicant and will be attested by Pakistan embassy of the country of stay. Any/all charges for the same will be borne by the customer.
In case if RDA accountholder doesn’t remain to be an NRP, they can serve their facility via local channels, however the proceeds will not be eligible for repatriation over and above the payment made form RDA outside the country even if his residential status becomes NRP again.
Customer has an option to either be physically present in Pakistan or nominate an individual or entity to complete property transaction on their behalf. In case of a nominee, customer has to authorize the nominee to complete transaction through a SPA (Special Power of Attorney).
Roshan Apna Ghar has both options available.
You can avail home financing in selected areas within Karachi, Lahore and Islamabad/Rawalpindi cities.
Once submitted, customer can direct queries to our helpline 111-002-002 or email at ask.us@sc.com
The underlying Islamic mode of this housing program is Diminishing Musharaka. Diminishing Musharakah (Shirkat ul Milk) is a form of co-ownership in which Bank and customer will share in the joint ownership of a tangible asset (e.g. house) in an agreed proportion. It is agreed that one of the co-owners (customer) will purchase, in periodic instalments, the share of the other co-owner (Bank) until the ownership of that tangible asset is completely transferred to the purchasing co-owner (customer). Furthermore, along with the purchase of share, the co-owner (customer) will also make agreed periodic payments (rent) for the usage of other co-owner’s share (Bank) in the asset, till ownership of the asset is completely transferred to the customer.
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