Muslim Commercial Bank Home Loan Eligibility Criteria

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

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