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Bank AL Habib makes it easy to own your dream home

With Bank AL Habib Housing Finance, you can lay the foundation of your dream home into reality either by purchasing a piece of land for the construction of a house, buying a built property, or renovating your existing home.

Housing Finance Calculator

Housing Finance Options

Buying
your own Home

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Construct
Your Home

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Plot Purchase
and Construction

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Home
Improvement

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Home
Balance Transfer

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Key

Product Features

  • Low and competitive markup rates
  • Financing Tenure: 1-25 years
  • Co-Applicant option available (Spouse, Father, Mother and Son)
  • No charges for early settlement and a balloon payment
  • Repayment in equal monthly installments
  • Free life insurance
    • 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-borrower with a minimum take-home income of Rs.30,000 may be added for income clubbing and property ownership purposes

    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.

    • Bank's prescribed Application Form
    • Valid Computerized National Identity Card
    • 3 recent photographs (passport size)
    • Employment proof of last 2 years
    • Salary Slips for last 3 months
    • 1-year Bank Statement with the 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

  • Fill out 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 ConstructionPKR 0.3M to 50M
    Home Improvement – Residential HousePKR 0.3M to 20M
    Home Improvement – Residential ApartmentPKR 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 for PBA-approved valuators for this purpose

  • The stages are as follows:

    Plinth and Foundation Stage30%
    Structure completion30%
    Finishing Stage40%

  • 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 will be opened for you at the branch, closest and the most convenient to you. You will then be required to deposit sufficient funds to afford a monthly installment in that account. A direct debit instruction from you in favor of Bank Al Habib would than 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 the direct debit standing instructions in favor of Bank AL Habib which would allow us to debit the installment amount from your account monthly.

  • We have provided you with 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 branches. Our designated Retail Credit /Account Officers in branches are available for your guidance.

    • Visit and meet the account officer at the Bank AL Habib branch
    • If you meet our criteria, you need to fill up the application form and provide the 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 will 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.