First Microfinance bank Home Loan in Pakistan

FIRST Home Loan is a loan product for people looking to improve their living conditions. Depending on the product, the applicant can finance purchases, new construction, or home improvements; e.g. reinforcement of housing structure, construction of a room, carrying out painting work, improvement of plumbing and sanitation, electrical system.

FIRST Home Loan Eligibility Criteria

a)      Annual income (net of business expenses) not to exceed PKR 1,500,000 or as indicated by the State Bank of Pakistan regulatory limit, from time to time

b)      Valid CNIC

c)      Age between 18 and 65 years

d)     Salaried individuals: permanent employment in a governmental / private / semi-governmental institution, with a minimum duration of employment

e)      Self-employed: 3 years of business experience in the same business

f)       Pensioners: Pensioners can also benefit from the Housing Financing Service.

FIRST Home Loan Purpose of Credit

a)      Home loans can be made for non-structural improvements, structural improvements, new construction, or purchases.

b)      Non-structural improvements are minor improvements to houses, eg. Eg repairs, painting, carpeting floors, plumbing etc.

c)      Structural Improvements are incremental improvements to the existing home, that is, a major permanent home improvement, p. Eg adding a room, bathroom, etc .;

d)     The new construction includes the construction of the housing structure on the plot, the completion of a new structure, etc.

e)      The purchase includes the purchase of a house or dwelling unit;

FIRST Home Loan Loan Amount

Ø  Non-structural improvement: Minimum: Pkr 150,001 Maximum: Pkr 350,000

Ø  Structures, new construction or purchase: Minimum: Pkr 350,001 Maximum: Pkr 3,000,000

FIRST Home Loan Loan Tenor

Ø  Non-Structural: Up to 3 Years

Ø  Structural, New Construction or Purchase: Up to 15 Years

FIRST Home Loan Loan Repayment

Ø  Equal Monthly Installments

Ø  Equal Quarterly Installments (Only in selected mountainous areas)

FIRST Home Loan Security Arrangements & Required Documents

Ø  Personal guarantee (own and third party guarantee)

Ø  Marking salary account lien

Ø  Marking of pension account lien

Ø  Equitable mortgage

Ø  Cash / quasi-cash collateral (national savings certificate, FMFB or TDR checking account lien mark)

How to Apply For The First Microfinance bank Ltd loan Programs

Ø  Click to explore the bank branches. Visit the nearest bank to apply for your favorite loan program:

The First Microfinancebank Ltd Contact Information

Ø  16th/ 17th Floors, Habib Bank Tower, Blue Area, Islamabad.

Ø  Toll Free: 0800-FIRST (34778)

Ø  Fax: (+92-51) 2821817

Ø  Email:

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