This is a product that enables a customer to own a house with ease. Under Jaiz Home Finance, the Bank partners with its customer to jointly own a house identified by the customer. The customer in turn agrees to lease the Bank's share of the house while gradually buying that portion of the house owned by the Bank. Rent paid by the customer gradually decreases as customer's share of the house increases with buying out of the Bank's share.
- Salary domiciliation
- Minimum Equity Contribution of 20%
- Maximum Tenor of 7 years
- Monthly/Quarterly/Annual payment