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Bank AL Habib along with the Government of Pakistan and with the support of the State Bank of Pakistan offers an affordable and flexible Housing Finance Scheme. With the help of this scheme, you can turn your dream of owning a home into a reality and secure your future.

Avail this facility through our Conventional and Islamic Banking branches.

Key Features

Free Life Insurance
Subsidised Markup Rate
Financing up to PKR 3.5 Million
Available for up to 20 years
Easy Documentation
Quick Processing
No restrictions and no charges on early repayment
No cap on Property Price

Eligibility Criteria

  • All men / women holding valid CNIC.

  • First time home owner.

  • Not Owing any housing unit on his/her name.

  • Minimum Income PKR 25,000/- for applicant and PKR 20,000/- for co-applicant(s)
  • Minimum 3 years proof of busniess for SEB (Self Employed Businessmen) & SEP (Self Employed Professional).
  • Minimum 2 years employment period for Salaried.

Product Variants

  • Purchase of House/flat/apartment

  • Construction of house on already owned plot

  • Purchase of plot and construction of house thereon

Age (Applicant & Co-applicant)

  • 60* Years for Salaried Individuals and

  • 65* Years for Self Employed Businessmen/Professionals

*at Maturity

Financing Tenor

  • Up to 20 years (subsidy for 10 years)

Early Repayment

  • No restrictions and no charges on early repayment

Insurance

  • Property Insurance

  • Free Life Insurance

    • Financing to Value (FTV) Ratio

    • 90:10 (90% financing & 10% equity)

      • Processing Charges

      • No processing charges. However, documentation/stamping charges will be charged at actual


Frequently Asked Questions

  • What is the Size of Housing Unit?
    Parameter Size of Housing Unit
    Tier 1 House of up to 5 Marla
    Tier 2 Flat/Apartment of up to 1360 sq. ft. area

  • Markup rates are given hereunder:

    ParameterEnd User Pricing (Subsidy Rate)Bank Pricing
    Tier 15% (First 10years)1Y KIBOR + 3%(After 10years)
    Tier 28% (First 10years)1Y KIBOR + 3%(After 10years)

    Note:For financing period exceeding 10 years,Bank Pricing mentioned above will be applicable.

  • ParameterFinance Amount
    Tier 1Up to PKR 2.0 million
    Tier 2Above PKR 2.0 million and up to PKR 3.5 million

Documents Required

  • Self Employed Businessmen (SEB) / Self Employed Professional (SEP)
    • Loan Application Form (LAF)
    • Product Disclosure Sheet
    • Valid CNIC of both applicant & Co-partner (where applicable)
    • 2 passport size colour Photographs of applicant & Co-partner (where applicable)
    • Direct Debit Authority (DDA) (where applicable)
    • Undertaking for first time homeowner
    • Proof of allotment, transfer and/or Title Document of the property to be mortgaged (where available)
    • Proof of Business (stating ownership and length of business) for example:
      • Partnership Deed OR
      • Bank Certificate for Sole Proprietor / Partnership OR
      • NTN Certificate OR
      • Rent agreement of office OR
      • Professional Degree / Diploma &/OR Valid Membership of applicable Professional body OR
      • Any other valid acceptable business document verifiable from authority fulfilling minimum business tenor requirement.
    • Income assessment document
      • Account Maintenance Letter along with at least recent 6 months Bank Statement
    • Loan Application Form (LAF)
    • Product Disclosure Sheet
    • Valid CNIC of both applicant & Co-partner (where applicable)
    • 2 passport size colour Photographs of applicant & Co-partner (where applicable)
    • Direct Debit Authority (DDA) (where applicable)
    • Undertaking for first time homeowner
    • Proof of allotment, transfer and/or Title Document of the property to be mortgaged (where available)
    • Direct Debit Authority (DDA) & Employer’s certificate mentioning that payroll account maintenance shall continue with the lending Bank (where applicable)
    • Proof of Employment (along with length of employment) for example:
      • Employment letter OR
      • Employment Certificate OR
      • Any valid documentary evidence from employer
    • Income Proof document (salary breakup and deductions to be clearly mentioned) for example:
      • Current Salary Slip OR
      • Salary Certificate
      • Account Maintenance Certificate along with last 6-month Bank statement with Salary Credits