HPSM Balance Transfer/Takeover
DBH Islamic offers this facility to the clients who are availing home loan or housing finance facility at conventional Banks/FIs or other Islamic Banks/FIs but want to convert/transfer their facilities to DBH Islamic Home Finance under HPSM. DBH Islamic provides the Balance Transfer (BT) facility complying all the required terms and conditions of Shari’ah and commits to make easier the conversion.
- Total outstanding principal is taken over
- The limit may be enhanced over the outstanding principal amount, if justified, but not more than the existing value of the asset as per technical valuation
- All other payables (interest/profit, taxes, duties, levies etc.) to be paid by the client before take-over
- Smooth and easier process of conversion
- No hidden charges
- Attractive and competitive Rate of Rent (RoR)
* Please contact our representatives to avail convenient service at your doorstep.
Required Documents
- Bio data/CV of the applicant.
- Bank statement for last 12 months. Copy of National Identity Card
- Copy of E-TIN certificate.
- Passport size photo (2 copies).
- Business card.
- Loan processing fee.
- Copy of utility bill.
- Approval letter and statement of ongoing loans.
- Certificate of employment/contract.
- Pay-slip/Salary statements for last Last 3 months showing deductions.
- Bio data/CV of the applicant.
- Bank statement for last 12 months. Copy of National Identity Card.
- Copy of E-TIN certificate.
- Passport size photo (2 copies).
- Business card.
- Loan processing fee.
- Copy of utility bill.
- Approval letter and statement of ongoing Finance/Loan.
- Copy of trade license.
- Company profile.
- Financial statements for the last 3 years.
- Income tax return with acknowledgment
- receipt for last 3 years
- Bio data/CV of the applicant.
- Bank statement for last 12 months. Copy of National Identity Card
- Copy of E-TIN certificate.
- Passport size photo (2 copies).
- Business card.
- Loan processing fee.
- Copy of utility bill.
- Approval letter and statement of ongoing loans.
