A home of your own has long been a blessing and aspiration for many, MCB Home Loan, fulfills this daydream much easier than before. MCB Home Loan opens the doors to a host of financing options to help you buy, build and renovate your dream home.
You can apply for a home loan from MCB if you have a source of income from one of the following:
1. Salaried
2. Free-lancers
3. Pensioners
4. Lords of the earth
MCB Home Loan Benefits
1. MCB home loans are available at very competitive prices
2. Flexibility to borrow funds – 2 – 25 years
3. You can buy a house, buy a plot and build a house, or build a house on your existing plot.
4. You can also renovate your existing home through MCB
5. Low-cost housing financing is also available for the special segment. Click here for eligibility and more information.
6. Wide range of financing available: up to PKR 50 million (or even more)
MCB Home Loan Eligibility Criteria
1) Net income (salaried clients): PKR 30,000 per month
2) Net income (self-employed clients): PKR 50,000 per month
3) Minimum age: 25 years for the main borrower and 22 years for the joint borrower
4) Maximum age: 70 years or retirement age (whichever is lower at the time of loan maturity) for the primary borrower and 70 years for the joint borrower
5) Duration of employment: 2 years for salaried employees and 3 years for self-employed professionals / entrepreneurs
6) A one-year bank statement is required for all segments
MCB Home Loan Required Documents
a) Application form
b) Copy of current and original CNIC / SNIC
c) Two passport-size photographs
d) Statement of all available financing facilities from all banks / DFI
e) Income documents
f) Business / labor test
g) Copy of property documents
Any other document obligatory by the Bank
MCB Home Loan Segments
Variants Allowed:
- Only Plot plus Construction
- Home Construction
Loan Amount:
- Minimum: PKR 200,000/-
- Maximum: PKR 3,000,000/-
Loan Tenor:
· From one (1) to twelve (12) Years
Markup
· Five percent (5%) – Fixed markup
MCB Home Loan Scheme Pricing
MCB Home Loan Scheme Calculator
MCB Home loan calculator is available in the link, go and calculate the MCB Home finance https://www.mcb.com.pk/calculator/personal-loan
MCB Home Loan Online Apply
Fill the form present in the link with your concern requirements the MCB staff will contact you back for more information https://www.mcb.com.pk/customer_services/contact-us
MCB Home Loan Helpline
For further information, please call us on 111-000-622 (Available 24 hours, 7 days a week)
For any queries or suggestion, please email at info@mcb.com.pk