Consumer Banking ppts

1. PRESENTATION
Presented To
Dr. Rizwan Kamran
(CONSUMER BANKING)
ASKARI BANK LIMITED
CONSUMER PRODUCTS
TOPIC
Presented By
13117 M. Maymoon Ali
13022 Rida Fatima
13020 Ramsha
13072 Muqarrab Hassan

3. AKBL HISTORY:
• Askari Bank Limited was Est. on October 9, 1991, as a
Public Limited Company and started operations on April 1,
1992
• The Current CEO of AKBL is Mr. Atif Riaz Bokhari
• The Parent company that owned AKBL is Fauji Foundation
• The head office of AKBL is in Rawalpindi, Pakistan.
• The bank was established following the privatization of the
government-owned Askari Investment Bank Limited
(AIBL).
• The bank was initially owned by the Army Welfare Trust
(AWT), an organization established by the Pakistan Army
to manage its welfare projects.

4. CONSUMER PRODUCTS:
Asset Side:
ASK4Car
Mortgage Finance
Women Auto Finance
Personal Finance
Liability Side:
• Mastercard Credit Cards
• Askari World Mastercard Credit
Card
• Saving Account

5. MORTGAGE FINANCE:
• A mortgage is a type of loan used to purchase or maintain a home, plot of land, or other
types of real estate.
• The borrower agrees to pay the lender over time, typically in a series of regular payments
that are divided into principal and interest.
• The property then serves as guarantee to secure the loan.

6. AKBL MORTGAGE CATEGORIES
1. Build a House
2. Buy a Home
3. Buy a Plot & Construct
4. Renovation/Improvement
5. Extension Or Expansion of existing House
6. Balance Transfer Facility
Mortgage Options:
1. Regular Mortgage Finance
2. Mark-up Subsidy Scheme (Mera Pakistan, Mera Ghar Scheme)

7. REGULAR MORTGAGE:
• Whether you are buying, building, renovating or transferring your existing home loan,
Askari Mortgage Finance offers the right plan to you.
Benefits:
• Minimum Documentation
• Quick Processing
• Flexible Installment Plan
• Low Mark-up Rates
• Facility To transfer Mortgage loan from other banks (After At least 18 months completion)
Tenure of Loan 1 to 25 years

8. Minimum Age of Borrower 21 years
Maximum Age till Maturity of Loan 60 years (Salaried)
65 years (SEB/SEP/Pensioner)
Minimum Salary/Income
Permanent Employees
Contractual Employees
SEB/SEP (Branch Customers)
SEB/SEP (Non Branch Customers)
Rs. 50,000/-
Rs. 60,000/-
Rs. 100,000/- Average Balance
Rs. 150,000/- Average Balance
Minimum Employment – Salaried (Permanent)
Minimum Employment – Salaried (Contractual)
SEB/SEP (Branch Customers)
SEB/SEP (Non Branch Customers)
Overall 1 year & 3 months with current employer
Overall 18 year & 6 months with current employer
1 Year in same business/profession
2 Years in same business/profession
Finance Amount (subject to DBR) Rs. 500,000/- to Rs. 100 Million
Minimum Equity Requirement 25%
ELIGIBILITY CRITERIA

9. REQUIRED DOCUMENTS
• Application Form duly filled in all respects
• Copy of valid CNIC
• Salary Slip / Proof of Income
• Bank Statement
• 2 Passport size photographs
• Biometric Verification

10. INSTALLMENT PLAN (1 CR./10 Y)

11. MARK-UP SUBSIDY SCHEME
(MERA-PAKISTAN, MERA-GHAR SCHEME)
Askari Bank offers mark up subsidy scheme in the name of “Mera Pakistan Mera
Ghar”, which is specifically designed for the homeless individuals to make them owner
of the house/residential unit, instead of living at rented house.

12. BENEFITS
1. Discounted Processing Fee
2. Fixed Mark up rate as low as 2% per annum
3. No Partial Payment Charges
4. No Early Settlement Charges
5. Financing available for first time home owners only
6. Financing available for Purchase/Construction of House and for Purchase of
Flat/Apartment
7. Flexible Payment Plan up-to 20 Years Loan Tenor
8. Financing up-to Rs. 10 Million
Loan Category First 5 Years From Year 6 to Year 10 From Year 11 to Year 15 Tenor Exceeding 15 Years
Tier 1 (NAPHDA
Projects Only)
2% 4% 5% 1 Year KIBOR + 2.5%
Tier 2 (Non NAPHDA
Projects)
5% 7% 1 Year KIBOR + 4% 1 Year KIBOR + 4%
Tier 3 (Non NAPHDA
Projects)
7% 9% 1 Year KIBOR + 4% 1 Year KIBOR + 4%
MARK-UP

13. ELIGIBILITY CRITERIA

14. Particulars Criteria
Who Can Apply a) All Men/Women Holding Valid CNIC – Salaried/ Self Employed
Individuals
b) First time home owner.
c) The borrower must not have availed housing finance previously
from any Bank/DFI.
d) One individual can avail subsidized house finance facility under the
scheme, only once.
Purpose of Finance a) First purchase of a residential property (Apartment/Flat/ House)
b) Purchase of Plot + Construction
c) Construction of housing unit on already owned plot
d) Expansion/Extension of existing Housing Unit
Size of Housing Unit
(Apartment/House)
(Naya Pakistan Housing &
Development Authority)
Tier 1 (NAPHDA Projects Only)
(a) House up-to 125 square yards (5 Marla) with maximum covered
area of 850 square feet (3 Marla)
(b) Flat/apartment with maximum covered area of 850 square feet.
Tier 2 (Non NAPHDA Projects)
(a) House up-to 125 square yards (5 Marla)
(b) Flat/apartment with maximum covered area of 1,250 square feet
(4.5 Marla).
Tier 3 (Non NAPHDA Projects)
(a) House up-to 250 square yards (10 Marla)
(b) Flat/Apartment with maximum covered area of 2,000 square feet
(7.5 Marla).

15. Particulars Criteria
Maximum Price/Value of Housing Unit Tier 1 (T1) – Rs 3.5 million
Tier 2 (T2) – No Upper Limit
Tier 3 (T3) – No Upper Limit
Minimum Finance Amount Rs. 500,000/-
Maximum Finance Amount Tier 1 – Rs.2.7 Million
Tier 2 – Rs.6.0 Million
Tier 3 – Rs.10.0 Million
Tenure of Loan 5 Years to 20 Years
Age of Borrower/Co-Borrower Minimum Age 21 Years
Maximum Age 60 Years (At the Time of Loan Maturity)
Minimum Monthly Net Disposable
Income/Take Home Income
Permanent Salaried Employees including Govt. Employees/Pensioners
Rs.40,000/-
Minimum Average Monthly Balance for Self Employed Individuals
Rs.50,000/-
Minimum Equity Requirements Tier 1 – 10% (In Case of 10 lac then customer equity=1 lac, Bank part.=9 lac)
Tier 2 – 10%
Tier 3 – 15% (equity= 1 lac-50k) , (Bank part. 8 lac-50k)
Property/Life Insurance Property Insurance is mandatory.
However, life insurance is optional.
Cost of insurance shall be borne by the customer.

16. REQUIRED DOCUMENTS
• Application Form
• Copy of Valid CNIC
• Salary Slip/Proof of Income
• Latest Bank Statement – 6 Months for
Salaried/Pensioners & 12 Months for Self
Employed Individuals
• Copies of Title Documents (Fard)

17. INSTALLMENTS PLAN
Approximate Monthly Payments*
Financing amount Rs. 10 Lakhs Rs. 20 Lakhs Rs. 30 Lakhs Rs. 40 Lakhs Rs. 50 Lakhs
Monthly payment 6,600 13,199 19,799 31,012 38,765
(Monthly payments mentioned above are for first 5 years, based on 20 years financing period)
*Terms & conditions apply

18. APPLICATION FORMS

19. C:UsersPMLSDesktopApplication-
Form-SEB-SEP-English.pdf
Application Form for SEB/SEP
C:UsersPMLSDesktopApplication-Form-
Salaried-English.pdf
Application Form for Salaried Persons
C:UsersPMLSDesktopUndertaking-First-
Time-Home-Owner-MPMG.pdf
Undertaking From the Bank
C:UsersPMLSDesktopPKFS-MPMG.pdf
Product-Key Fact Statement

20. LIMITATION RULES
The financing shall not be allowed for;
• Commercial Properties.
• Construction or possession of land on the encroached
area of Public/ Government Land.
• Properties built against Housing Authority By-Laws
PROCESSING BY THE BANK
• The processing time of Mortgage Finance is 30 days from login till approval subject
to complete application with required documents
• Charges are applied According to the bank’s SOC

21. SCHEDULE OF CHARGES

22. GUARANTEE/SECURITY FOR THE MORTGAGE
• Askari Bank requires the mortgaged property itself as security for the loan.
• This means the bank has a legal claim on the property until the loan is fully repaid.
• In case of default, the bank can initiate foreclosure proceedings to recover the
outstanding amount by selling the property

23. Clearance (Maturity):
• Upon successful completion of your loan installments, the bank will issue a
clearance certificate. This document verifies that the loan has been fully
repaid and the property title is free from the bank's claim.
Default:
Overdue payments
• In case of missed installments, the bank will likely contact you to regularize
the payments. Late payment penalties (PKR. 1500) will be applied.
Continued defaults
• If the defaults persist, the bank may take stricter actions like restricting
account activity or initiating legal proceedings.
Foreclosure
• As a last resort, the bank may pursue foreclosure to recover the remaining
loan amount by selling the mortgaged property through an auction
CLEARANCE/MATURITY/DEFAULT POLICIES

26. THE END