salam
i m doing work in foreign office islamabad.i have 25*60 SIZE PLOT IN ISLAMABAD.I SPENDS MY ALL INCOME ON MY CHILDREN STUDY.I DONT HAVE EXTRA MONEY TO CONSTRUCT HOUSE.I NEED ALL OF U GUYS ATTENTION PLZ. I WANTS TO GET LOAN FROM BANK OR HBFC TO FULFILL MY DESIRE OF HOUSE.CAN ANY ONE GUIDE ME THE BEST BANK TO GET LOAN.WHAT WOULD BE THE TIME PERIOD TO GIVE LOAN BACK AND HOW MUCH I COULD GET LOAN.AND FINALLY WHAT WOULD BE THE INTEREST(MARK UP) OF BANK PER MONTH .
REGARDS
M.Bilal
Habib replied on Sunday, March 14, 2010 10:22 AM
Mark up is 16 to 18% |
New visitor replied on Sunday, March 14, 2010 10:39 AM
Getting loan from bank is not adviseable. Postpone construction till having money or loan by relatives/friends. Regards |
M.Bilal replied on Sunday, March 14, 2010 12:03 PM
Habib sahb
this mark is up per annual on the amount.thanks for answering for both of ur comments. |
SAhmed replied on Monday, March 15, 2010 03:35 AM
dear friend u have not mentioned in which sector u have the plot????
i would recommend to avoid bank loan as much as possible due to very high rates (consider this advice as from a Banker).
my recommendation is to sale your plot(which i guess might be in G sector) and u can build same size house with that money at Sawan garden or surrounding societies or navel ancorage or dha phase II. |
SAhmed replied on Monday, March 15, 2010 03:40 AM
its 'Naval anchorage'.
please also note that price of 5M (25x50)plot in Naval anchorage is around 11 lacs, in DHA II is around 16 lacs all facilities available. |
M.Bilal replied on Monday, March 15, 2010 04:28 AM
thanks SAhmed bahi for ur valuable comments. |
Mian Nadeem Islamabad replied on Monday, March 15, 2010 01:33 PM
It depends on your age and income. U can count installment at your own on hbfc web site by sumitting your age.
If u are paying rent then why not installments. We are living in 40*80 house in G-10 few years back my father obtained loan from hbfc other wise we were unable to construct house.
Going Naval Anchorage or Sawan Garden for 5 marla plot despite of having a plot in CDA sector seems joke.People prefer Zone-5 because they can construct house there 1 kanal Plot in the budget of 5 marla house in Zone-I. Few years installments payment will feel dificult but after that rent and value will higher and u will easily manage installments. |
Jamal replied on Monday, March 15, 2010 08:16 PM
May Allah give you the strength and resources to fulfil your dreams.
May Allah help us all.
Amin. |
