Top 8 Banks Providing Home Loans in Pakistan

Home is a place where every person’s heart and soul is in peace. Many of us wanted their dream house. Every person wants their own house. Living in a rented house directly disturbs our privacy which annoys us.

However, the rising cost of raw materials, labor, and property taxes have made it very difficult to build a home in the present era. Before you take out a home loan, you know exactly how to change the size of the plot. Once you know the exact size of your land, it becomes easier for you to get a loan with proper planning. There are some banks in Pakistan which are suitable for home loan financing schemes.

List of Top 8 Banks Suitable for Home Loan in Pakistan 2021

1.      Bank Alfalah

2.      Habib Bank Limited  

3.      Muslim Commercial Bank

4.      Askari Bank Limited

5.      United Bank Limited

6.      Bank Al Habib

7.      JS Bank

8.      Meezan Bank

1.     Bank Alfalah

Since a home is everything to you, Bank Alfalah offers you a unique range of financing solutions tailored to your needs. Bank Alfalah gives a home finance on easy installment and low interest rate.

Benefits:

1.      Build a house on your plot

2.      Buy a piece of land, build your house

3.      Renovate your house

4.      Buy a full or semi-built house

Tenor:

3 years to 25 years (36 months to 300 months) monthly installments

Financing Limit:

Financing limit start from 2 million to 50 million

Eligibility:

1.      Age Limit: 23 years to 65 years

2.      Pakistani National with a valid CNIC

3.      Salaried individual (minimum PKR. 70,000 monthly income with at least 2 year job experience)

4.      Business person (minimum PKR. 60,000 monthly income with at least 3 year business experience)

5.      Self-employed (minimum PKR. 60,000 monthly income with at least 3 year business experience)

Required Documents:

1.      Proof of Pakistani Nationality

2.      Proof of Employment/Business/Profession

3.      Documentary evidence of all bases of incomes

4.      Copies of Bank Statements (at least last 12 months)

check your monthly installment

Online Apply

Contact Information:

1.      Phone: 111-225-111

2.      Email: contactus@bankalfalah.com

3.      Website: www.bankalfalah.com

2.     Habib Bank Limited

A Shariah-compliant home finance facility that will make you the home of your dreams.

Benefits:

1.      Build a house on your plot

2.      Buy a piece of land, build your house

3.      Renovate your house

4.      Buy a full or semi-built house

Tenor:

5 years to 20 years (60 months to 240 months) monthly installments

Financing Limit:

Financing limit start from 2 million to 15 million

Eligibility:

1.      Age Limit: 23 years to 65 years

2.      Pakistani National with a valid CNIC

3.      Salaried individual (minimum PKR. 100,000 monthly income with at least 5 year job experience)

4.      Business person (minimum PKR. 90,000 monthly income with at least 4 year business experience)

5.      Self-employed (minimum PKR. 90,000 monthly income with at least 4 year business experience)

Required Documents:

1.      Proof of Pakistani Nationality

2.      Proof of Employment/Business/Profession

3.      Documentary evidence of all bases of incomes

4.      Copies of Bank Statements (at least last 12 months)

check your monthly installment

Online Apply

Contact Information:

1.      Telephone No: 111-111-425

2.      Email: customer.complaints@hbl.com

3.      Website: www.hbl.com

3.     Muslim Commercial Bank

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.

Benefits:

1.      Build a house on your plot

2.      Buy a piece of land, build your house

3.      Renovate your house

4.      Buy a full or semi-built house

Tenor:

2 years to 25 years (12 months to 300 months) monthly installments

Financing Limit:

Financing limit start from 0.2 million to 3 million

Eligibility:

1.      Age Limit: 25 years to 70 years

2.      Pakistani National with a valid CNIC

3.      Salaried individual (minimum PKR. 30,000 monthly income with at least 2 year job experience)

4.      Business person (minimum PKR. 50,000 monthly income with at least 3 year business experience)

5.      Self-employed (minimum PKR. 50,000 monthly income with at least 3 year business experience)

Required Documents:

1.      Proof of Pakistani Nationality

2.      Proof of Employment/Business/Profession

3.      Documentary evidence of all bases of incomes

4.      Copies of Bank Statements (at least last 12 months)

Monthly installment calculator

Online Apply

Contact Information:

1.      Telephone No: 111-000-622

2.      Email: info@mcb.com.pk

3.      Website: https://www.mcb.com.pk/

4.     Askari Bank Limited

Askari bank home loan scheme has been announced to build your own home. Lack of affordability due to low income, meeting the needs of a huge number of family members with a small setup, can make you unable to construct/buy his/her own house.

Benefits:

1.      Build a house on your plot

2.      Buy a piece of land, build your house

3.      Renovate your house

4.      Buy a full or semi-built house

Tenor:

3 years to 25 years (36 months to 300 months) monthly installments

Financing Limit:

Financing limit start from 0.5 million to 100 million

Eligibility:

1.      Age Limit: 21 years to 65 years

2.      Pakistani National with a valid CNIC

3.      Salaried individual (minimum PKR. 50,000 monthly income with at least 2 year job experience)

4.      Business person (minimum PKR. 100,000 monthly income with at least 1 year business experience)

5.      Self-employed (minimum PKR. 100,000 monthly income with at least 2 year business experience)

Required Documents:

1.      Proof of Pakistani Nationality

2.      Proof of Employment/Business/Profession

3.      Documentary evidence of all bases of incomes

4.      Copies of Bank Statements (at least last 12 months)

Monthly installment calculator

Online Apply

Contact Information:

1.      Telephone No: 111-000-787

2.      Email: support@askaribank.com.pk

3.      Website: https://askaribank.com/

5.     United Bank Limited

Owning your own home is a dream come true. Fulfilling this dream involves a lot of planning and hard work. That’s why, at UBL, our goal is to make your decision easier by offering you the right ingredients, which can help you realize your dreams with complete ease.

Benefits:

1.      Build a house on your plot

2.      Buy a piece of land, build your house

3.      Renovate your house

4.      Buy a full or semi-built house

Tenor:

3 years to 20 years (36 months to 240 months) monthly installments

Financing Limit:

Financing limit start from 1 million

Eligibility:

1.      Age Limit: 23 years to 65 years

2.      Pakistani National with a valid CNIC

3.      Salaried individual (minimum PKR. 50,000 monthly income with at least 1 year job experience)

4.      Business person (minimum PKR. 50,000 monthly income with at least 1 year business experience)

5.      Self-employed (minimum PKR. 50,000 monthly income with at least 1 year business experience)

Required Documents:

1.      Proof of Pakistani Nationality

2.      Proof of Employment/Business/Profession

3.      Documentary evidence of all bases of incomes

4.      Copies of Bank Statements (at least last 12 months)

Monthly installment calculator

Online Apply

Contact Information:

1.      Telephone No: 111-825-888

2.      Email: support.coc@ubl.com.pk

3.      Website: https://www.ubldigital.com/

6.     Bank Alfalah

Since a home is everything to you, Bank Alfalah offers you a unique range of financing solutions tailored to your needs. Whether you live in Pakistan or an expat, you can now make use of our quick and simple processing to get your home loan.

Benefits:

1.      Build a house on your plot

2.      Buy a piece of land, build your house

3.      Renovate your house

4.      Buy a full or semi-built house

Tenor:

3 years to 20 years (36 months to 240 months) monthly installments

Financing Limit:

Financing limit start from 0.3 million to 20 million

Eligibility:

1.      Age Limit: 23 years to 65 years

2.      Pakistani National with a valid CNIC

3.      Salaried individual (minimum PKR. 60,000 monthly income with at least 2 year job experience)

4.      Business person (minimum PKR. 60,000 monthly income with at least 3 year business experience)

5.      Self-employed (minimum PKR. 60,000 monthly income with at least 3 year business experience)

Required Documents:

1.      Proof of Pakistani Nationality

2.      Proof of Employment/Business/Profession

3.      Documentary evidence of all bases of incomes

4.      Copies of Bank Statements (at least last 12 months)

Monthly installment calculator

Apply Online

Contact Information:

1.      Telephone No: 111-225-111

2.      Email: contactus@bankalfalah.com

3.      Website: www.bankalfalah.com

7.     JS Bank

JS Bank offers Ghar Apna Home Loans Financing Scheme which will lead to your dream. JS Bank believes that home is a place where the heart of every person and mind are at peace. Additionally, JS Bank also keeps its long and recognized history for their customers along with oriented products and services.

Benefits:

1.      Build a house on your plot

2.      Buy a piece of land, build your house

3.      Renovate your house

4.      Buy a full or semi-built house

Tenor:

1 years to 20 years (12 months to 240 months) monthly installments

Financing Limit:

Financing limit start from 0.5 million to 100 million

Eligibility:

1.      Age Limit: 21 years to 60 years

2.      Pakistani National with a valid CNIC

3.      Salaried individual (minimum PKR. 50,000 monthly income with at least 2 year job experience)

4.      Business person (minimum PKR. 60,000 monthly income with at least 3 year business experience)

5.      Self-employed (minimum PKR. 60,000 monthly income with at least 3 year business experience)

Required Documents:

1.      Proof of Pakistani Nationality

2.      Proof of Employment/Business/Profession

3.      Documentary evidence of all bases of incomes

4.      Copies of Bank Statements (at least last 12 months)

Monthly installment calculator

Online Apply

Contact Information:

1.      Telephone No: 111-572-265

2.      Email: info@jscl.com

3.      Website: https://jsbl.com/

8.     Meezan Bank

Easy Home is a completely interest-free (Riba) solution for your home financing needs. Unlike a conventional home loan, Meezan Bank’s Easy Home works through the declining Musharakah, where you participate with Meezan Bank jointly with your property.

Benefits:

1.      Build a house on your plot

2.      Buy a piece of land, build your house

3.      Renovate your house

4.      Buy a full or semi-built house

Tenor:

3 years to 20 years (36 months to 240 months) monthly installments

Financing Limit:

Financing limit start from 0.5 million to 50 million

Eligibility:

1.      Age Limit: 21 years to 70 years

2.      Pakistani National with a valid CNIC

3.      Salaried individual (minimum PKR. 40,000 monthly income with at least 2 year job experience)

4.      Business person (minimum PKR. 75,000 monthly income with at least 3 year business experience)

5.      Self-employed (minimum PKR. 75,000 monthly income with at least 3 year business experience)

Required Documents:

1.      Proof of Pakistani Nationality

2.      Proof of Employment/Business/Profession

3.      Documentary evidence of all bases of incomes

4.      Copies of Bank Statements (at least last 12 months)

Monthly installment calculator

Download Application Form

Contact Information:

1.      Telephone No: 111-331-331

2.      Email: complaints@meezanbank.com

3.      Website: www.meezanbank.com & www.meezanbank.pk

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