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Product Description

The people who want to buy a house, construct a new house, want to have extra construction on their existing house or want to renovate their house can apply for House loan

PKR
500,000
PKR
50,000
Years
10
Years
1
Your Monthly Installment
PKR
13,340
Markup Rate
35.99%
Your MONTHLY INSTALLMENTS WILL BE JUST
PKR 13669
NUMBER OF PAYMENTS
240
TOTAL INTEREST
PKR 152000
TOTAL COST OF LOAN
PKR 48000

Advance Payments

First Year Insurance *
PKR 1730
Processing fee would be PKR 7,500 or 2.5% of loan amount
PKR 15000
Total
PKR 16730

Loan Amount

Rs. 50,000/- to Rs. 3,000,000/-

Loan Tenure

Up to 20 years

Basic Documentations

Valid Computerized National Identity Card (CNIC/SNIC)

  • Businessman/Self-employed Professionals (SEPs) / Salaried Class
  • Household annual income less than Rs. 1,500,000/- (Net of business expenses)
  • Age between 25-58 years (Max. 64 Years & 8 Months at the time of Maturity of Loan)
  • Businessman / SEP: Experience of minimum of 2 Years required
  • Salaried: Minimum 02 years regular/confirmed employee with current organization
  • Holding valid CNIC/SNIC
  • Not defaulter of any financial institutions & Public Utilities.
  • Residing or working in launching cities for at least 1 year in case of owned residence or Min. 02 years

Rs. 50,000/- to Rs. 3,000,000/-

Up to 20 years

  • Valid Computerized National Identity Card (CNIC/SNIC)
  •  eCIB and NADRA Verisys
  • 1 recent passport size photograph of the Customer
  • Proof of running business place for businessman and SEPs
  • A copy of latest paid utility bill of business place or residence in case of rented office/Residence
  • Proof of the property to be mortgaged/property documents.
  • Legal Opinion
  • Valuation Report from PBA approved Valuator
  • 03 Salary Slips, Job Certificate on letter head in case of salaried person
  • Bank Statement for last six months in case of self-employed professionals. In case of business man its optional.

  • Mortgage of Property to be financed

  • Free Credit Life Insurance – Applicable on permanent disability or death of borrower
  • Customer paid Insurance of Financed House.

As per SOC

*Terms & conditions applicable.

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