We believe, home is a place where the heart and mind are at peace
Buying, building, or renovating: whatever “home” means to you, AL Habib House Finance is here to bring it within reach. With long-term financing options and competitive profit rates, we help you move from dreaming to doing, backed by the strength of a trusted bank.
Whether you're a first-time buyer or planning your forever home, our personalized support and transparent process make every step easier. Because your future deserves a foundation built with care, confidence, and commitment.
Enjoy the Exclusive Benefits
- Low and competitive mark-up rates
- Tenure of Financing: 1-25 years
- Co-Applicant option available (Spouse, Father, Mother and Son)
- No charges for early settlement and balloon payment
- Repayment in equal monthly installment
- Free life insurance
Property Insurance/ Takaful
Property Insurance Coverage at customer cost
Applicable financing Rate
- For Salaried individuals 1 Year KIBOR+ 3% p.a
- Other than Salaried 1 Year KIBOR+ 3.5% p.a
Rate revision on each category will be on loan anniversary.
Instant loan, instant benefits
*Note: This calculation is tentative and just for information. Taxes, Registration charges etc to be paid by the customer
Note: Monthly installment may vary in accordance with fluctuation of KIBOR
Financing Details
| Payment # | EMI | Principal | Mark-Up | Outstanding |
|---|
- Must be Pakistani National.
- Minimum 1 year relation with any bank(s).
- Debt Burden Ratio (DBR): Up to DBR 50% aggregate of Net Income.
- Age: Minimum 25 Years. Maximum 60 years for Salaried; & 65 years for Self Employed Professional (SEP) and Self Employed Business men (SEB) at maturity of financing.
- Employment/Business Tenure: Minimum 2 years for Salaried and SEP, 3 Years for SEB.
- Minimum Income: Rs.60,000/- per month take home for Salaried and Rs.100,000/- per month for SEP / SEB
- Satisfactory credit history
- Co-borrower with minimum net take home income Rs.30,000 may be added for income clubbing and property ownership purposes.
Home Buyer
The product is offered to individuals who intend to buy already built residential property (house or apartment).
- Financing is available from PKR 300,000 up-to PKR 100 million or up to 75-85% of the appraised value of a built up house/apartment/land whichever is lower.
- Financing period from 1 to 25 years.
- Disbursement as Bullet Payment (one time).
- Financing will be based upon verified net income of the applicant to ascertain repayment capacity.
- Minimum income requirement for primary borrower is PKR 60,000 and co-borrower is PKR 30,000. Spouse, Father, Mother and Son can be made as co-borrower for income clubbing or property ownership.
- No Charges for Early Settlement and Baloon Payment.
- Repayment in equal monthly installments based on the tenure of financing.
Home Construction
This product is extended to customers who already own land and need funds to meet the construction cost. It also caters customers who have already begun construction and have completed it up to a certain level.
- Financing is available from PKR 300,000 up to PKR 50 Million or 100 % of Bill of Quantity (BOQ) or 70% of the construction cost and appraised land value whichever is lower.
- Financing period from 1 to 25 years.
- Minimum income requirement for primary borrower is PKR 60,000 and co-borrower is PKR 30,000. Spouse, Father, Mother and Son can be made as co-borrower for income clubbing or property ownership.
- Disbursement of Payment in three stages as follows:
- Plinth Stage 30%
- Structure completion 30%
- Finishing Stage 40%
- Repayment in equal monthly installments based on the tenure of financing (2 years grace period for construction is also included, where only markup is to be serviced).
- No Charges for Early Settlement and Baloon Payment.
Plot Purchase & Construction
This product is offered to customers for the purpose of renovation of a constructed house.
- Financing from PKR 300,000 up to PKR 20 million or up to 50% of the appraised property value whichever is lower (Residential House).
- Financing period from 1-25 years.
- Minimum income requirement for primary borrower is PKR 60,000.
- Disbursement made as Bullet Payment (one time).
- Bill of Quantity also required.
- Repayment in equal monthly installments based on the tenure of financing.
- No Charges for Early Settlement and Baloon Payment.
- Financing from PKR 300,000 up to PKR 5 million or up to 25% of the appraised property value whichever is lower. (Residential Apartment)
Home Improvement
Bank AL Habib provides you opportunity to get transferred your already availed house loan from other banks/institutions with Bank AL Habib if you have maintained a good repayment history.
- Only the outstanding amount shall be paid to the releasing bank/institution or maximum amount PKR 50 Million whichever is lower.
- No enhancement in financing amount will be offered to the applicant.
- Property ownership must be in the name of primary borrower or co-borrower (spouse).
- Customer to provide a letter, authorizing our bank official to collect and retrieve all title documents from the releasing bank/institution.
- No Charges for Early Settlement and Baloon Payment.
Home Balance Transfer
Bank AL Habib can help you achieve your goals through its financing facility.
This product will be offered to purchase the plot and construction thereon, First trench will be disbursed for plot purchase with maximum 50% of approved financing amount or 50% of land value whichever is lower. After purchase of plot, process of construction to be followed by disbursing three more trenches of remaining amount.
Documents Required
- Bank's prescribed Application Form
- Valid Computerized National Identity Card
- 3 recent photographs (passport size)
- Employment proof of last 2 years
- Salary Slips of last 3 months
- 1 year Bank Statement with reflection of salary credits
- Bank's prescribed Application Form
- Valid Computerized / National Identity Card
- 3 recent photographs (passport size)
- Acceptable proof of business of last 3 years for SEB and 2 years for SEP
- Last 1 year Bank Statement and Account Maintaining Certificate
FAQ's
Fill the application form and visit your nearest branch of Bank AL Habib.
Variable Rate i.e. 1 Year KIBOR (subject to review on each anniversary of loan) plus bank’s spread (fixed during the entire tenure of the loan)
| For Home Buyer, Home Construction, Plot Purchase + Construction, Home Improvement and Balance Transfer Facility | 1 to 25 years. |
| Home Buyer | PKR 0.3M to 100M |
| Balance Transfer / Home Construction | PKR 0.3M to 50M |
| Home Improvement – Residential House | PKR 0.3M to 20M |
| Home Improvement – Residential Apartment | PKR 0.3 to PKR 5 M |
- All Pakistani nationals.
- Employment/Business Tenure: Minimum 2 years for Salaried and SEP, 3 Years for SEB.
- Minimum Income: Rs.60,000/- per month take home for Salaried and Rs.100,000/- per month for SEP / SEB.
- Debt Burden Ratio (DBR): Up to DBR 50% aggregate of Net Income.
Bank AL Habib has exclusive arrangements with PBA approved valuators.
The stages are as follows:
| Plinth and Foundation Stage | 30% |
| Structure completion | 30% |
| Finishing Stage | 40% |
From last 1 year bank statement or income estimation whichever is applicable.
A representative from our approved income estimation agency will visit your place of business/work and appraise your income level, by going through the documents provided by you.
An account for you will be opened at the branch, closest and the most convenient to you. You will be required to deposit funds sufficient to afford a monthly installment in that account. A direct debit instruction from you in favor of Bank AL Habib would then allow us to debit the installment amount from your account on monthly basis.
If you already have an account with Bank AL Habib, you can give direct debit standing instructions in favor of Bank AL Habib which would allow us to debit the installment amount from your account on monthly basis.
We have provided you the basic information you need to know about Bank AL Habib Home Loan. If you wish to know more, you may visit any of our Bank AL Habib branch. Our designated Retail Credit /Account Officers in branches are available for your guidance.
- Visit and meet account officer at Bank AL Habib branch
- If you meet our criteria, you need to fill up application form and provide required documents.
Once you have decided on the amount you want, fill the Application Form available in all the branches and pass it on to us, together with the required documents for a formal process of the loan application and initial approval. We carry out a property valuation, legal opinion on property documents through our approved valuators and lawyers, life & property insurance coverage. Our Relationship Managers shall get in touch with you to complete Finance & Charge documentation for execution and signing. Our legal advisor and bank’s representative will accompany you at the Registrar’s office on the appointed date with our cheque for final transaction. All applications to be processed as per bank's internal procedure, and applicable laws and regulations.
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