Lahore: Zameen.com and Bank Alfalah have signed a memorandum of understanding (MoU) to facilitate the construction of affordable housing units as per the vision of Prime Minister (PM) Imran Khan.
The contract was signed during a ceremony where the Chief
Operating Officer (CEO)- Zeeshan Ali Khan, Country Head- Ahmed Bhatti, Senior
Director- Shuja Ullah Khan represented Zameen.com and representing Bank Alfalah
were the Bank’s Chief Executive Officer (CEO)- Atif Bajwa, Group Head Retail Banking-
Mehreen Ahmed, and the Head of Consumer Finance- Syed Muhammad Asif.
According to the newly signed agreement, Zameen.com will
help the visitors explore the available home finance options through Bank Alfalah
as well as its easy home finance scheme. Zameen.com will also educate potential
property buyers and developers regarding mortgage consumer finance and
developer finance options offered by the Bank. This arrangement also makes it
easier for eligible consumers earning more than PKR 25,000 per month to obtain
easy financing at subsidised markup rates as directed by the State Bank of
Pakistan (SBP).
The CEO of Zameen.com, Zeeshan Ali Khan said that this
contract is a welcome development for both Banking as well as the Real Estate sector.
“With Bank Alfalah’s assistance, we will continue our endeavours to support
consumers and uplift the country’s real estate industry,” he stated. Moreover,
he announced the company’s decision to enter into similar agreements with other
financial institutions as well in a bid to provide consumers with an array of
financing options.
The CEO of Bank Alfalah, Atif Bajwa commended the
association between the two organizations and said, “Individuals with low income
can now use Zameen.com to benefit from easy home financing”. He further added,
“Bank Alfalah has added consumer finance and developer finance products to its
ever growing suite of products to support the country’s real estate industry
and facilitate easy and convenient home financing.”
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