1. A Pakistani National; ( holder of either a Pakistani passport, or NICOP)
2. Your age should be between 23-50 years when you apply.
3. Verifiable continuous inflow of minimum gross annual income of US$ 60,000 & AED/SAR 180,000 or equivalent respectively in tax paying & non-tax paying countries.
4. No un-explained delays/defaults towards repayment of current/ past consumer financings from any Bank both in Pakistan and abroad.
5. Affordability of financing within Bank’s acceptable limits.
6. Salaried Person - Minimum continuous service of 02 years (not necessarily with the same employer)
7. Self Employed Professional - Must be practicing and conducting business for at least 03 years.
8. Business Person - In business for a minimum of 05 continuous years

(Bank reserves the right to refuse financing for any reason)

Tentative amount of financing that we would be able to finance can be deduced using following formula. GMI = Gross Monthly Incomes.

Some of the related important aspects are given below.

• We will provide upto 70% of the assessed value of the property that you intend to purchase (value is independently assessed by our valuators).
• The property should be located in acceptable localities of following cities of Pakistan - Karachi, Lahore, Rawalpindi, Islamabad, Multan, Faisalabad
• The amount of loan will be provided for a minimum of 3 years (10 years minimum for Home Start) and maximum of 25 years depending on your age.
• The minimum amount for Home Purchase loan is Rs: 2.00 million while the upper limit is Rs: 50.00 million for properties in Karachi, Lahore & Islamabad, while for other cities, it is Rs: 25.00 million. For Home Improvement, the upper limit is Rs: 3.50 million or 40% of the property value whichever is lower.
• The approval would be subject to the satisfactory Legal Opinion of the property to be financed.

Being the first to accommodate our overseas nationals, we offer the same facilities to them with one addition to above basic eligibility criteria i.e. either a valid Pakistani Nationality is held OR a valid CNIC/NICOP/Origin card is held.

The financing eligibility can be deduced by first converting your income into Rupees terms at prevailing exchange rate (discounted by 10%) and then applying the above multiplier factor formula.

Please note that the Mark up rate varies every month with the changes in 01 year KIBOR - a benchmark affected by market’s credit liquidity. Markup pricing is re-visited on the anniversary date of finance every year till its maturity keeping in view the then prevailing KIBOR.