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DHA Peshawar, Al Baraka Bank Sign MoU for Home Loans

According to a recent post on the authority’s Facebook page, the Defence Housing Authority (DHA) Peshawar administration signed a Memorandum of Understanding (MoU) with Al Baraka Bank Ltd to provide house construction finance services to members.

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According to the specifics, the mortgage rate will be 1-year KIBOR plus 1.50%. According to reports, the funding cap would be PKR 35 million, and the duration will be up to 20 years.

According to a recent post, DHA Peshawar and Allied Bank Limited previously signed a sale deal for the establishment of a branch at DHA Peshawar.

In addition, the administration of DHA Peshawar inked a memorandum of understanding with United Bank Limited (UBL) for comparable house financing solutions that also accommodated Roshan Digital Account (RDA) customers.

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According to the information posted on June 23, the financing rate was Kibor+1.7 percent per annum, and the financing limit ranged from PKR 1 million to PKR 30 million.

In addition, DHA Peshawar has inked similar memorandums of understanding with other institutions, such as Bank Al-Habib Limited and Meezan Bank.

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