Tas'heel Al Bait Al Oud

Tasheel - Al Bait Al Oud

Financing to provide a housing unit within a family property

ELIGIBILITY

Age:
21 - 50

Monthly Income:
320 - 1,200

Maximum Financing Amount:
BD 70,000

Subject to terms and conditions as per the housing regulations

USE OF FINANCING

Purchase a housing unit

Purchase a land plot

Purchase a land plot and construct on it

Construct a housing unit

Addition to an existing building

Purchase a building and add to it

TERMS

The beneficiary can purchase or build a housing unit in the form of an apartment or an attached/ independent annex to the main family home

The home can be bought or built on a real estate owned by up to the fourth degree relative of the husband or wife

Repayment term up to 30 years

Financing can be obtained either from Eskan Bank or partner banks.

Ownership of the home can be transferred to the applicant as shares on a pro rata basis or by issuance of an individual separate title deed.

If finance is obtained from Eskan Bank, then property to be mortgaged as security for the financing with Eskan Bank.
f finance is obtained from partner banks, then property to be mortgaged to the financing bank