Habib Bank Limited Home Financing

Product Type

Roshan Apna Ghar

Tier

Fixed

Employment Status

All

Property Price

PKR

1.50 Crore

Down Payment

45 Lakh

Loan Period

Years

240 Months

Loan Calculations

Monthly Installments

PKR 107,666

Property Value

PKR 15,000,000

Down Payment

PKR 4,500,000

Loan Amount

PKR 10,500,000

Interest

10.9%

Loan Type

Islamic

Features and Benefits

Affordable & easy repayment plan

Helps in construction on a plot you already own

Allows you to expand or extend your existing Housing Unit

Enables you to purchase as well as the construction on the plot

Enjoy a 5% rental rate for the first five years

Purchase of House / Flat

Hybrid mark-up rates (Fixed & Floating)

Financing Up to PKR 10 Million

Property Insurance

Offered across the country

Purchase of a complete residential property (Apartment/Flat/House)

Enjoy up to 80% financing of the property value

Disclaimer

It is pertinent to mention here any additional documents may be required by the bank.

Required Documents

Computerised CNIC/Copy

Proof of income documents

Copies of property documents/ Details of property

Salary Slip/ Bank Statement

Employment Letter

Passport size coloured photographs of the applicant, co-applicant(s), & guarantor(s)

Latest 4-month salary slip (for salaried persons)

1-Year Bank Statement (for self-employed professionals)

Application form

Documents of all financing facilities the borrower availed from the banks/DFIs

Business /employment proof

Currently paid utility bills (Home and Office)

Proprietorship Letter/Account Certificate mentioning the name (for self-employed)

Disclaimer

Some/all features and benefits may not be applicable on every application, as each case may differ, allowing banks to offer more or less from the aforementioned list.

Overview

HBL, established in 1947, was the first commercial bank. Being Pakistan’s largest bank, HBL has not only grown its branch network but also maintained its position as the largest private sector bank in Pakistan with over 1,650+ branches and 2,100+ ATMs globally, serving around 23 million customers worldwide. Moreover, the Bank is a leading full-service commercial bank. The key areas of operation are Branch Banking, Treasury, SME & Rural Banking, Corporate & Investment Banking, Financial Institutions & Global Trade Services, Transaction Banking and Islamic Banking.

The mainstay of the Bank is the Branch Banking business, which helps in positioning HBL as the largest retail bank in Pakistan catering to all market segments. Furthermore, HBL Corporate & Investment Banking Group is a leading provider of financial services to multinational and local corporate clients across the country. Other than that, it also has the largest Treasury operations in Pakistan and plays a key role in Pakistan’s domestic markets.

HBL relishes a significant international footprint and is the largest domestic multinational as well. The Bank’s international footprint holds significant importance as it enables its core customers to use its services across the globe. Interestingly, China remains the lynchpin of HBL’s international strategy and the Bank is the largest executor of CPEC related financing in Pakistan. In December 2019, the Bank became successful in achieving the much-coveted branch license to offer financial services to clients in Beijing.

Moving forward, it is one of the largest and leading Islamic banking players in the country. The bank delivers a plethora of Shariah-compliant solutions to its diverse clientele and is committed to coming up with innovative products and initiatives for its valued customers. The Islamic services, offered by HBL, are first approved by the bank’s Shariah Board which is formed by renowned Shariah scholars of Pakistan. A housing scheme will provide convenient and affordable housing options under the Shariah-compliant guidelines of Diminishing Musharakah mode of financing.

Eligibility Criteria:

All men and women having a valid CNIC
Applicants should not have their own home
An individual can avail this Profit Subsidy Scheme only once in a lifetime