Faysal Bank Limited (FBL), one of the leading banks in Pakistan announced the launch of the Faysal Bank HomeStyles in partnership with leading home improvement brands to provide home appliances and furniture products on instalments. Faysal Bank HomeStyles is launched under the Personal Instalment Loan (PIL) product. This is an end user defined program whereby eligible customers have the option to pick and choose home improvement products from a bouquet of leading brands.
The selected products will be financed through PIL at attractive and affordable loan pricing and the disbursed amount will be directly paid to the partner upon delivery of goods. The partner brands for FBL HomeStyles include leading players of this segment offering an extensive range of electronic and kitchen appliances, home fittings, furniture and home décor to help customers renovate or upgrade their homes.
Commenting on the occasion Mr Fouad Farrukh, Head Retail Banking stated, “We are constantly looking to enhance our product suite and through Faysal Bank HomeStyles launch, I am confident that we will continue to strengthen the value proposition for our customers.” Syed Iftikhar Ul Haq, Head Consumer Finance added, “This product will be offered to all segments specifically those who have entered the earning and spending age, ideally 30 years and above.
This proposition will later also be offered through Credit Cards, BTF product variants and Islamic Financing mode.” Fahad Ullah Khan, Head Unsecured Business concluded, “Through Flavours, Lifestyles and now Home styles, the Bank has built a platform for partners to jointly serve consumer requirements with ease.” Homestyles will provide a convenient and an economical way for borrowers considering home improvements. Faysal Bank is determined to continue offering such products and services which will uplift the lifestyle of consumers.