SKG Home Loans
The FNB Islamic banking residential property finance product provides you with Shariah-compliant finance for residential property and vacant residential stand or smallholding.
What Islamic banking property finance offers:
Upon receipt of all the required documents, the application is submitted for processing and full assessment. A team of specialists will be in communication with the client throughout the application process.
A final approval may be provided within 5 to 10 working days including the property valuation. Once final approval is granted an approval letter is forwarded to the client for acceptance. Upon acceptance, the bank’s attorney is instructed to proceed with registration. Registration may be complete within 10 to 12 weeks.
The FNB Islamic product is based upon the Diminishing Musharaka concept, whereby the agreement operates as follows:
The following costs are associated with the finance application:
All of which will be on the final approval and quoted at attorney stage
FNB Insurance Brokers now offers Takaful – a Shari’ah compliant alternative to conventional insurance. This allows you to finance your asset and allows for its protection by using a credible and competitive insurance product that is in conformity with the principles of Shari’ah.