AL Habib Kamyab Khatoon Zarai Finance

Housing Finance Features

Buying your own Home The product is offered to individuals who intend to buy already built residential property (house or apartment). Financing Criteria Financing is available from PKR 300,000 up-to PKR 100 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.Spouse,Father,Mother and Son can be made as co-borrower for income clubbing or property ownership. No Charges for Early Settlement and Baloon Payment. 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 Criteria Financing is available from PKR 300,000 up to PKR 50 Million 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. Spouse, Father, Mother and Son 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). No Charges for Early Settlement and Baloon Payment. Is your home due for Renovation? This product is offered to customers for the purpose of renovation of a constructed house. Financing Criteria Financing from PKR 300,000 up to PKR 20 million or up to 50% of the appraised property value whichever is lower (Residential House). 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. No Charges for Early Settlement and Baloon Payment. Financing from PKR 300,000 up to PKR 5 million or up to 25% of the appraised property value whichever is lower. (Residential Apartment) 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. Financing Criteria 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. No Charges for Early Settlement and Baloon Payment. Do you want to purchase a plot and construct over it? Bank AL Habib can help you achieve your goals through its financing facility. Financing Criteria This product will be offered to purchase the plot and construction thereon, First trench will be disbursed for plot purchase with maximum 50% of approved financing amount or 50% of land value whichever is lower. After purchase of plot, process of construction to be followed by disbursing three more trenches of remaining amount.

AL Habib Digital Account

About Us

Bank AL Habib Dawood Habib Group, the sponsor of Bank AL Habib Limited has a history in the banking sector dating back to the 1920’s. The group played a major role in meeting the financial needs of Pakistan making it the first institution to provide banking services to the new Country. Dawood Habib Group Dawood Habib Group, the sponsor of Bank AL Habib Limited has a long track record in banking that dates back to the 1920s. The Group was among the founder members of Habib Bank Limited and played a major role in meeting the financial and banking needs of Pakistan. It was nationalized along with other Banks in Pakistan on Januar

Raast

Raast is Pakistan’s first instant payment system that enables end-to-end digital payments among individuals, businesses and government entities within seconds. Not only that it helps bring down the high cost of the transactions making small-value retail payments cheap. Click here to view list of Raast Enabled Branches Register RAAST ID Link / Unlink RAAST ID Delete RAAST ID Generate QR Code Raast Tutorial Simplified P2M Payments via RAAST Bank AL Habib has recently added the Raast Person-to-Merchant (P2M) feature to AL Habib Mobile which allows customers to scan Raast QR codes to make payments. Customers may also use the "Merchant Alias Payment" option which allows them to make payments through AL Habib Mobile and Netbanking using unique identifiers such as Virtual Payment Address (VPA), Till Code, or Merchant ID assigned to merchants. P2M will enable customers to pay directly to merchants for shopping, dining, and monthly utility expenses. With just a quick scan of the QR code provided by the merchant, transactions can swiftly and securely be completed, eliminating the need for cash or physical cards. Key Features Funds Transfer on Merchant Alias Customers can make payments by scanning Raast P2M accepted QRs Only account-based transactions can be performed

AL Habib Roshan Apna Ghar

Roshan Samaaji Khidmat