Buying your own Home

The product is offered to individuals who intend to buy already built residential property (house or apartment).

    • Financing is available from PKR 300,000 up-to PKR 50 million or up to 75-85% of the appraised value of a built up house/apartment/land whichever is lower.
    • Financing period from 1 to 25 years.
    • Disbursement as Bullet Payment (one time).
    • Financing will be based upon verified net income of the applicant to ascertain repayment capacity.
    • Minimum income requirement for primary borrower is PKR 60,000 and co-borrower is PKR 30,000. Only Spouse can be made as co-borrower for income clubbing or property ownership.
    • Option for balloon payments. Balloon payment fees shall be applied as per the applicable Schedule of Charges of the Bank.
    • Repayment in equal monthly installments based on the tenure of financing.

Want to Construct your Dream Home?

This product is extended to customers who already own land and need funds to meet the construction cost. It also caters customers who have already begun construction and have completed it up to a certain level.

    • Financing is available from PKR 300,000 up to PKR 35million) or 100 % of Bill of Quantity (BOQ) or 70% of the construction cost and appraised land value whichever is lower.
    • Financing period from 1 to 25 years.
    • Minimum income requirement for primary borrower is PKR 60,000 and co-borrower is PKR 30,000. Only Spouse can be made as co-borrower for income clubbing or property ownership.
    • Disbursement of Payment in three stages as follows:
      • a) Plinth Stage 30%
      • b) Structure completion 30%
      • c) Finishing Stage 40%
    • Repayment in equal monthly installments based on the tenure of financing (2 years grace period for construction is also included, where only markup is to be serviced).
    • Option for balloon payments. Balloon payment fees shall be applied as per the applicable Schedule of Charges of the Bank.

Is your home due for Renovation?

This product is offered to customers for the purpose of renovation of a constructed house.

    • Financing from PKR 300,000 up to PKR 15 million or up to 50% of the appraised property value whichever is lower.
    • Financing period from 1-25 years.
    • Minimum income requirement for primary borrower is PKR 60,000.
    • Disbursement made as Bullet Payment (one time).
    • Bill of Quantity also required.
    • Repayment in equal monthly installments based on the tenure of financing.
    • Option for balloon payments. Balloon payment fees shall be applied as per the applicable Schedule of Charges of the Bank.

Do you wish to transfer your home loan with us?

Bank AL Habib provides you opportunity to get transferred your already availed house loan from other banks/institutions with Bank AL Habib if you have maintained a good repayment history.

    • Only the outstanding amount shall be paid to the releasing bank/institution or maximum amount PKR 50 Million whichever is lower.
    • No enhancement in financing amount will be offered to the applicant.
    • Property ownership must be in the name of primary borrower or co-borrower (spouse).
    • Customer to provide a letter, authorizing our bank official to collect and retrieve all title documents from the releasing bank/institution.
    • Option for balloon payments. Balloon payment fees shall be applied as per the applicable Schedule of Charges of the Bank.