What makes Asaan Ghar Islamic Finance for Home Renovation & Extension suitable for you?
All Purpose Home Finance
We make it simple to expand your current home to meet your specific needs. Additional rooms for guest, children or other purpose can be added to your current property with Asaan Ghar Islamic Finance.
Approval in 96 Hours
After application and legal verification, you will receive our response within 96 hours. You will also receive regular updates and can check status of your application online without visiting our office.
Hassle-Free Paperless Process
We have a paperless process to onboard our customers efficiently. Our limited documentation requirements enable us to serve our customers efficiently in a paperless manner.
Asaan Ghar Islamic Finance for Home Renovation & Extension – Frequently Asked Questions (FAQs)
Product Structure
The underlying Islamic mode of Asaan Ghar Islamic Finance is Diminishing Musharakah. Diminishing Musharakah (Shirkat ul Milk) is a form of co-ownership in which Asaan Ghar and customer will share in the joint ownership of house in an agreed proportion. It is agreed that one of the co-owners (customer) will purchase, in periodic instalments, the share of the other co-owner (Asaan Ghar) until the ownership of that house is completely transferred to the purchasing co-owner (customer). Furthermore, along with the purchase of share, the co-owner (customer) will also make agreed periodic payments (rent) for the usage of other co-owner’s share (Asaan Ghar) in the asset, till ownership of the asset is completely transferred to the customer.
