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How to get loan for home from Bank Al Habib | Bank Al Habib House Loan

Bank Al Habib believes that home is a place where the heart and mind are at peace. Continuing its long and recognized history of customer-oriented products and services, Bank AL Habib now introduces “AL Habib Housing Finance”, which will provide its customers with

> Home Buyer

>  Home Construction

>  Plot Purchase & Construction

>  Home Improvement

>  Home Balance Transfer

Bank Al Habib Housing Finance Product Features

1)      Low and competitive margin rates

2)      Financing duration: 1-25 years

3)      Co-applicant option available (spouse, father, mother and child)

4)      No fees for early settlement and balloon payment

5)      Repayment in equal monthly installments

6)      Free life insurance

Bank Al Habib Housing Finance Eligibility Criteria

a)      You must be a citizen of Pakistan.

b)      Minimum 1-year relationship with any bank.

c)      Debt burden ratio (DBR): up to DBR 50% aggregate of net income.

d)     Age: Minimum 25 years. Maximum 60 years for Employees; & 65 years for Self Employed Professionals (SEP) and Self Employed Entrepreneurs (SEB) upon maturity of the financing.

e)      Labor / commercial tenure: Minimum 2 years for employees and SEP, 3 years for SEB.

f)       Minimum income: Rs. 60,000 / – per month to take home for salaried employees and Rs. 100,000 / – per month for SEP / SEB

g)      Satisfactory credit history

h)      Co-Borrower with Minimum Net Take-Home Income Rs 30,000 can be added for estate ownership and income club purposes.

Bank Al Habib Housing Finance Documents Required

a)      Application form prescribed by the bank

b)      Valid Computerized National Identity Card

c)      3 recent photos (passport size)

d)     Last salary certificate / employment letter with date of incorporation

e)      Salary slips for the last 3 months

f)       1-year account statement with reflection of salary credits

g)      Acceptable Business Proof

Bank Al Habib Housing Finance Apply Online 2021

Click to contact Bank Al Habib for Apply Online to Bank AL Habib housing Finance: https://www.bankalhabib.com/contact#collapseOne

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