MOU signed between Zameen.com and Bank Alfalah for construction of affordable housing units
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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