The eligibility criteria are:
✅18 to 70 years at the time of financing maturity; exceptions apply for Senior Citizens;
✅Salaried individuals must have a minimum income of PKR 50,000; self-employed individuals, PKR 100,000
The following documents are required:
✅Proof of income
✅Valid identification (CNIC)
✅Proof of employment or business
✅Bank statements
Approval depends on meeting these criteria, and additional information may be requested by the bank.
A tip for your wallet
Making the most out of Faysal Personal Finance involves a strategic approach to managing repayments and utilizing the product’s benefits. Setting up automatic payments ensures you never miss a due date, thereby avoiding the PKR 500 charity charge applied to each missed installment.
Moreover, understanding the fixed profit rate can help in planning your finances more effectively, ensuring that your monthly outgoings are predictable and manageable.
Fees and costs
Embarking on your journey with Faysal Personal Finance involves a non-refundable processing fee of PKR 7,000 plus applicable taxes, with a fixed profit rate that guarantees stable monthly repayments.
The transparent cost structure, devoid of any hidden charges, ensures that you remain fully informed about your financial obligations from the outset. This straightforward approach to fees and costs reflects Faysal Bank’s commitment to providing clear and honest financial solutions.
How to apply for Faysal Personal Finance
Securing your Faysal Personal Finance is a straightforward process. Prospective customers are invited to visit any branch of Faysal Bank or reach out to the customer service center to initiate their application.
By accurately completing the application form and providing the necessary documentation, applicants can enhance their chances of approval. Should your application be deferred, it’s important to remember that financial landscapes evolve, and a future application may yield different results.
Take the first step towards achieving your financial goals
Don’t let another day pass without exploring how Faysal Personal Finance can make a difference in your life. Apply now, and embark on a journey to financial empowerment and freedom.