Home is a place where every person’s heart and soul is at peace. National Bank of Pakistan (NBP) offers such a best opportunity which is named Saibaan Home Loan Financing Scheme. Under this scheme, every citizen of Pakistan can avail this golden offer. NBP Saibaan is a Housing Finance Product.
NBP Home Loan Scheme Benefits
Products offer under NBP Saibaan Home Loan Financing Scheme are given below:
1. Purchasing of Home (Apartment or House)
a) Financing amount is up to 35 million
b) Financing period is 3 to 20 years
c) The ratio of debt to equity is 70:30 (maximum)
d) Debt burden is 45% (maximum)
2. Construction of Home
a) Financing amount is up to 35 million
b) Financing period is 3 to 20 years
c) The ratio of debt to equity is 70:30 (maximum)
d) Debt burden is 45% (maximum)
3. Purchasing of Land plus Construction
a) Financing amount is up to 35 million
b) Financing period is 3 to 20 years
c) The ratio of debt to equity is 70:30 (maximum)
d) Debt burden is 45% (maximum)
4. Facility of Balance Transfer
a) If you have an outstanding home bank finance facility with another bank, you can transfer it to National Bank of Pakistan (NBP).
NBP Home Loan Eligibility Criteria
1. General Eligibility
a) Must be the citizen of Pakistan along with satisfactory history of credit
b) Salaried Individuals, Self Employed Professionals and Self Employed Business can avail this scheme.
c) The properties being financed are located in NBP-approved areas.
2. Age Limit
a) For Salaried Individuals, the age limit is from 22 years to 59 years.
b) For SEP/SEB, the age limit is from 21 years to 65 years.
3. Requirement of Income
a) For government employees, this is PKR. 5000 / – whose monthly salary is kept directly in his account in NBP and provided by the employer.
b) For Non-Government employees, the net take home is PKR. 10,000/-
c) For SEP/SEB, the minimum net take home is PKR. 500,000/-
4. Length of Services and Requirement of Business
a) At least two years with the same employer or otherwise three years of collective and permanent employment.
b) For SEB/SEP, a minimum past 3 years relationship with business.
NBP Home Loan Scheme Required Documents
1. General Requirements
a) Attestation of two recent passport size photographs
b) Attestation of two valid copies of CNIC
c) Attestation of two valid copies of References’ CNIC
d) Cheque for the charges of processing
e) Cheque for legal opinion in favor of legal counsel
f) Attested copies of properties documents
g) Must provide quantity bill in case of HC and LPC
2. For Salaried Individuals, whose Salary are disbursed through NBP Branch
a) Employers working for salary remittances in the relevant NBP branch relevant to the credit in the employer’s account (form provided at a later stage, form available in the respective branch).
b) Certificate of Salary and Services.
c) One valid copy of employee ID which must be attested by NBP Branch
d) Attested copies of salary slips of past 3 months
e) Attested copies of bank statements of the bank at least last 3 months.
3. For Salaried Individuals of MNCs and NBP approved Companies
a) Applicable, through the relevant NBP branch through the employer, which is verified
b) Job confirmation letter on company letterhead mentioning the date of joining.
c) One valid copy of employee ID which must be attested by NBP Branch
d) Attested copies of salary slips of past 3 months
e) Attested copies of bank statements of the bank at least last 3 months.
4. For other Salaried Individuals
a) Job confirmation letter on company letterhead mentioning the date of joining.
b) One valid copy of employee ID which must be attested by NBP Branch
c) Attested copies of salary slips of past 3 months
d) Attested copies of statements of the bank at least last 12 months.
e) Certified copies of electricity bills for the last three (3) months or last (12) copies of twelve month credit card bills (whichever is available).
5. For Self Employed Business
a) Certificate of Bank along with stating applicant maintaining account of Business and also with opening date of account.
b) Attested valid and clear copy of latest Form 29 in case of Public Limited Company or Private.
c) Attested valid and clear copy of partnership deed.
6. For Self Employed Professionals
a) Attested one valid and clear copy of the current professional association membership certificate.
b) Must provide valid proof of professional engagement like a certificate of bank.
c) Attested valid and clear copy of partnership deed.
NBP Home Loan Scheme Interest Rate
1. The markup rate being presented is variable. The variable markup is developed with an SBP discount rate with a spread of 2 of which life and disability insurance coverage is mandatory. The markup rate is revised on the anniversary of each financing if there is any change in the SBP discount rate. The bank has the right to change the scope of fresh cases.
NBP Home Loan Scheme Mode of Repayment
1. The method of payment is deducted directly from the payroll account (through the credit authority) or from the user’s current account in NBP, which must be kept in funds with a minimum monthly installment amount.
2. Payment is monthly in the form of total monthly installment (TMI) consisting of principal, mark-up, insurance components as per the reinforcement schedule in terms of prices and duration. If there is a change in the bench-marked rate on the occasion of the financial anniversary after every 12 installments, the amortization schedule will be amended.
NBP Home Loan Calculator
In order to know the interest rate/markup rate, amount of financing and monthly based payment, please visit the calculator link 2021.
Calculator Link: http://nbp.kg/?page_id=2213
NBP Saibaan Home Loan Financing Scheme Online Apply
Instruction for the completion of Application Form:
1. Fill up the Application Form completely with required documents
2. Print the Application Form
3. Get it signed the Application Form by Referees
4. Get it signed the Application Form by yourself
5. Attached the required documents which mentioned above
6. Submit the Application Form to NBP Saibaan Team, the given link provide details about team: https://www.nbp.com.pk/Saibaan/ContactSaibaan.aspx
Application Form:
https://www.nbp.com.pk/Saibaan/SaibaanForms/NBPSaibaanNewApplicationForm.pdf
NBP Saibaan Home Loan Financing Scheme Contact Information
For further information, please contact on the following telephone numbers:
Telephone Number
Phone: +92 -21- 99220100 (30 lines)
Phone: +92 -21- 99062000 (60 lines)
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