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

Related posts

Bank islami auto loan Eligibility Criteria and Application Form

Muhammad

What is Akhuwat Foundation and How To Get Loan From Akhuwat 2023

Muhammad

What is Mera Pakistan Mera Ghar Scheme

Muhammad

The First Microfinance bank Maveshi Sarmaya-Livestock Loan in Pakistan

Muhammad

Standard Chartered Bank Mera Pakistan Mera Ghar Scheme Online Apply

Muhammad

House building finance company Ghar Pakistan Plus Scheme

Muhammad

Flexi Credit (Loan) by Faysal Bank |Emergency cash loan in Pakistan

Muhammad

SME Bank Seasonal Business Running Financing- Business Loan Details

Muhammad

bank of Punjab advance salary loan Online Apply

Muhammad
%d bloggers like this: