JS Bank, Zameen.com sign deal

KARACHI: JS Bank and Zameen.com have signed an agreement to provide easy and convenient home and solar financing solutions at flexible markup rates, a statement said.

This collaboration would allow Zameen.com clientele to opt for JS Bank’s affordable and conventional solar financing services. The agreement was signed by Zulfiqar Ali Lehri – Head of Distribution, Consumer Lending of JS Bank and Sheikh ShujaUllah Khan – Senior Director Sales of Zameen.com.

Lehri said, “This partnership with Zameen.com is meant to serve as a one window solution to assist clients in both property search and financing solutions hence making it one of our most valued external partnerships. I look forward to developing this mutually beneficial relationship.”

Fahad Siddiqui, Head of Secured Lending, JS Bank, said, “JS Bank and Zameen’s aspirations and growth trajectory particularly in the housing and construction sector is aligned with the vision of the government of Pakistan and State Bank of Pakistan in driving economic prosperity by facilitating and offering innovative product solutions to enable our citizens in becoming proud home owners.”

Ahmad Bhatti, Country Head, Zameen.com, said, “We are delighted to enter this agreement with JS Bank, with the belief that it will significantly bridge home financing needs in the real estate sector.”

Also present on location were Adil Maqsood – Channel Head and Zahid Gilani – Optimization Manager from JS Bank while Zameen.com was represented by Muhammad Hassan – Associate Director Sales and Umar Hussain – Corporate Manager.

JS Bank has taken this step to provide flexible loans to the home buyers of today, making it possible for them to borrow as much as 90 percent of the property’s value.