Peshawar: The Defence Housing Authority (DHA) Peshawar administration signed a Memorandum of Understanding (MoU) with Al Baraka Bank Ltd to provide house construction financing facilities to the members, according to the post shared on the authority’s Facebook page on September 7.
As per the details, the rate for house financing will be 1-year KIBOR + 1.50%. It was reported that the financing limit will be PKR 35 million and tenure will be up to 20 years.
Previously, DHA Peshawar and Allied Bank Limited signed a sale deed for the construction of a branch at DHA Peshawar, according to a post shared on August 11. Additionally, DHA Peshawar administration signed an MoU with United Bank Limited (UBL) for similar house financing facilities that also accommodated Roshan Digital Account (RDA) holders. As per the details shared on the post on June 23, the rate for finance was Kibor+1.7% per annum and the financing limit ranged from PKR 1 million to PKR 30 million.
Iqra holds BS in International Relations and is passionate about writing engaging content on trending real estate topics. When not working, she is either spending time with family, shopping, or discussing shows & movies.
