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Eligibility criteria when applying for home loans in Pakistan

Banks that provide home loan facilities for Pakistan real estate

Real Estate Trends
3 min read | KF  | October 14, 2010

Albeit, banking sector being quite dynamic in Pakistan, and consumers making extensive use of different types of loans for various purposes, making use of mortgages or home financing services is still not as prevalent as other types of finances. People in Pakistan spend their lives in saving the money, in order to be able to buy their own house. Still, very few can manage to actually live this dream. In such state of affairs, mortgage can be a very handy option. It may not work out perfectly for all and sundry, but it is worth taking into consideration for people with good monthly income, especially those who are living in rented houses.

There are a number of banks providing different home finance products for their customers and you can avail any of them when buying or constructing your home. Some of these banks are mentioned below.

United Bank Limited (UBL) – UBL Address

UBL provides financing for both buying and constructing purposes, under the name “UBL Address”. These loans are made available with two types of interest rates (known as floating and adjustable). To be eligible, you need to be a resident of Pakistan and earning a minimum monthly income of 15000. Note that a family can qualify for this loan even if the total income of both spouses tote up to 15000. One can get up to 500,000 and bigger loans by taking advantage of this service. Mark up rates lie between 11.99 percent and 16.5 percent of actual amount and these loans are granted for durations of 3 to 20 years. Adding to the information we have given about  UBL, the bank is headqurtered on I.I Chundrigar Road, Karachi.

Standard Chartered – Home Purchase & Home Credit

Headquartered near Clifton, Karachi on I.I Chundrigar Road, Standard Chartered is a well known name in banking sector. In Pakistan, Standard Chartered Bank provides financing only for completed residential properties (do not cover commercial properties). Once you submit the application, they will verify to determine, if you meet their eligibility criteria, that goes like this … borrower monthly income should be at least 30,000 per month and he/she should be not less than 25 years of age. One can get as much as 30 million worth of financing from Standard Chartered Home Purchase scheme. On the other hand, home Credit is intended for people who are going for maintenance or construction work.

Muslim Commercial Bank (MCB) – Pyara Ghar

MCB offers a range of financing options for different purposes including home purchase, renovation, construction or land purchase. Their home finance option is available in all major cities like Lahore, Karachi, Islamabad, Faisalabad, and Rawalpindi. MCB provides up to 20 million loans for a period of 2 to 20 years; however you cannot obtain this loan for commercial properties.

Additionally, the customer service branch of MCB is situated on Jail Road, Lahore. 

These are not the only options, seeing that many other banks like Citibank, HSBC and NBP have their own programs as well. In case you are looking for home finance, you should stop at all of these banks in person and consult with the banker. After accumulating basic information you can compare between the options and choose the one that suits you best.

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KF
KF has a special love for cats and all things Harry Potter. She likes spending time with her family and headbanging to heavy metal.

  1. Dear sir,

    I am in abu dhabi (uae) may i apply for loan.

    i will wait for your reply.

    thanks

  2. i want to purches new home in DHA P#2 Islamabad i need home fianancing loan i will wait your reply

  3. We are not representing any bank here but offering information about the banks that provide home loan. You can contact with the relevant person from one of the banks mentioned in this post and ask them about the procedure for applying for home loan.

    1. Assalam o alikum,mam
      i want to ask about loan schemes which will be best for salaried person…………..limit should be not more than 12 laks……u can aslo sms me at 03135815978

    3. hello mam ,
      i need informaiton regarding home loan would you please giude me ? i am resident of clifton karachi and currently working in repuated organization,

      you can email me and tell me further
      thanks.

  5. I want to get business loan for development of my business. Please guide me.
    Thanks
    Ajmal Saeed

  6. meny home finensing k liye aply kiya tha aj do hfty ho chuky hain hain leikin koi postive ans nhi mila plz cntct me

      1. hello I’m munawar, want to get home loan.im a salaried person.can u plz help me in this matter.

  10. Dear,
    you can apply home loan through MCB Bank. contact to Mr. Waqas for more detail

    051-8444092 & 03215030780

    1. HI SIR
      HOPE UR WELL IAM WORKING IN SULTANATE OF OMAN AND NRRD A LOAN FOR HOUSE IN KARACHI. CAN I APPLY FOR LOAN ? WAITING FOR UR REPLY THANK U

  12. Dear Ajmal Saeed & ALL,
    Please go to your nearest bank or open their websites for further information about getting loan.
    Zameen.com can give you only some valued information but exact and actual requirement can be provided by any bank, as per your needs and requirements…

    Thanks & best Regards
    Naeem Nawaz
    00966561829009
    Jeddah- KSA

  13. I want to know whether someone (organization or individual) gives interest free loans for house purchase?

  15. Dear sir, please batein k konsa bank sb sy kam sood laita hay? HBFC k mutaalaq kia khyey hay. i want to apply from HBFC.

  18. Salam guys,
    No one will give you a loan on this site. They just provided you lot with some useful Inormation about whichor banks give out loans/mortgages. Below I am giving you some links of banks/companies that provide loans to their customers.
    Thanks

  19. I am hani I am student I need 50000 for my university admission .how to take loan from bank . how much its interest.. Please guide me

  20. Hi there,

    i have seen add of house on ZAMEEN.com , the price of house is 28 lac, but i have only Rs. 200000 in hand, i want loan to purchase that house, can you help me out which bank will be suitable to borrow loan, please send me person contact number not a website. thanks

  21. siri want to make my home in pakistan and i job in dubai i want to apply for loan can i and how much amount i can loan from bank i will wait for your answer

  22. If you need any information about real estate or homes for sale
    houses for sale
    house for sale
    home for sale
    commercial real estate
    condos for sale
    buying a house etc. please read post. It is one of great test post about real estate

  23. A O A, i want to take home loan so any one tell me which bank is good for this. i live in faisalabad

  24. Dear sir I need a small house loan so plz help me for god sayk plz I m very poor person but I need my Owen house plz help you I Pryer for life time parsnoly

  25. Dear sir/madam I need home in Karachi I’m working in Dubai my salery is Pakistani 85000 rupees plz let me khow how can I get a dream home

  26. I want to buy Home in Bahria Town Phase 8, Rawalpindi.
    My Salary is 40000/= Per Month.
    I can invest RS,3 Million;can I get Loan of Rs, 5 Million.
    Please inform which bank has Lowest interest Rates.
    I want for 20 years Payment basis, please inform the
    Monthly Instalment with Interest.
    Regards.

  28. Dear sir I’m need small home in Karachi I’m working pvt company salary 100000/=per month I’m required 12 million 20 years monthly instalment. Regard

    1. JS Bank has a lot of options for your home loan needs, including buying a home, constructing a home, or renovating it. Contact this number for details 03078881555

        1. Hi Israr,
          JS Bank has a lot of options for your home loan needs, including buying a home, constructing a home, or renovating it. Contact this number for details 03078881555.

  32. For karachi resident only…
    We r providing personal loan, credit card, home loan and running finance also if any body want so contact on 03333069067

  35. koe banda mujay jul 2018 tk bank loan delwa skta he, agr koe mujay personally loan de to me usko bank k duble intrest per wapis kru ga

  36. Dear Sir,

    I am living in Dublin – Ireland and I am a permanent employee in the software company and now I would like to apply for home loan in Karachi.

    please guide me. Thanks

    Regards,
    S

    1. JS Bank has a lot of options for your home loan needs, including buying a home, constructing a home, or renovating it. Contact this number for details: 03078881555

    1. JS Bank has a lot of options for your home loan needs, including buying a home, constructing a home, or renovating it. Contact this number for details 03078881555

  39. I am Pakistani, working in KSA and want to buy a house in Bahria Town, Rawalpindi Phase I to V except phase -III conditionally with my two plots in National Police Foundation O-9 (10 Marla) and in Gulberg (10 Marla). Please also note that I have to arrange remaining amount thru Bahria Bank (Escort). Can any one guide or help me in the regards.

  40. Dear sir/madam I need home in Faisalabad I’m working in Dubai my salery is Pakistani 140000 rupees plz let me khow how can I get a home

  41. Dear Sir, I’m Munawar working in shaukat khanum,im a salaried person.i want to buy a house ranging from 20lakh to 30 lakh,can u please help me in giving information about home financing loan.

  42. i need home loan to constriction for 2nd floor i am salary parson butt i need morgue loan for property paper loan

    1. JS Bank has a lot of options for your home loan needs, including buying a home, constructing a home, or renovating it. Contact this number for details 03078881555

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