• Low and competitive rental rates
  • Financing Tenure: 1-25 years
  • Co-Applicant option available (Spouse, Father, Mother and Son)
  • No charges for early settlement and partial purchase
  • Repayment in equal monthly installments
  • Free Life Takaful

  • 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
  • Must be a 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 Businesswomen (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-applicant with a minimum take-home income of 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 is 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 Balloon 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.

Property Takaful

Property Takaful Coverage at customer cost and can be reimbursed up to the bank’s share.

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 annual basis.

PKR

%

Years

*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

Equal Monthly Installment

Loan / Financing

Payment # EMI Principal Mark-Up Outstanding

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