Al Baraka Housing Finance
 

Disbursement Plan:

Depending on the purpose for which the Housing Finance is required, the disbursement of finance shall be as follows:

PURPOSE DISBURSEMENT OF BANK’S SHARE
Purchase of house/Flat One time or as per terms of the deal
Construction of House (Plot already owned by the customer) In tranches at the following stages:
  1. Foundation: 15% maximum
  2. Super structure: 35% maximum
  3. Electric/ Plumbing Sanitary, wood works etc. 30% maximum
  4. Finishing 20% maximum
Purchase of Plot and Construction thereon 50% of the plot value for the purchase of land / plot and the rest in tranches at the following stages:
  1. Foundation: 15% maximum
  2. Super structure: 35% maximum
  3. Electric/ Plumbing Sanitary, wood works etc. 30% maximum
  4. Finishing 20% maximum
Renovation of Existing House One time
 
 
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