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Home Appliances Finance Services at Bank-e-Millie


Image result for images for home appliances loan

Murabahah

Home Appliances Finance

Basis for pricing
Fixed rate for different tenures
Financing limit
Up to 10,000 (USD)
Finance tenure
Up to 3 Years

Security/Collateral Requirements:

·        Original Copy of Title Deed (Qabala of Immovable Property) or any collateral acceptable for Bank. (Self Employed) excluding Govt. Employees.

·        Loans over 30,000 USD – Properties are mortgaged in Bank’s favour.

·        Terminal benefit (Pension) as cash Security (Salaried Individuals)

Guarantee:

·        Personal guarantee by 1-2 Gov. Employees. “Salaried Individuals”.

·        2 companies or business entities or any other Guarantee acceptable for the Bank for Self Employed.


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