Basic Eligibility Criteria (pre-requisites) is as follows.

1. A Pakistani National; ( holder of either a Pakistani passport, or NICOP)
    
2. Your age should be between 25-60 years when you apply.
    
3. Verifiable continuous inflow of minimum Rs. 20,000- Gross income every month.
    
4. No un-explained delays/defaults towards repayment of current/ past consumer financings from any Bank.
    
5. Affordability of financing within Bank’s acceptable limits.
    
6. Salaried Person - Minimum continuous service of 2 years (not necessarily with the same employer)
    
7. Business Persons - In business for a minimum of 3 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.

• Monthly Gross Income (all verifiable sources) X (multiply by) 40 = Financing amount
   
• If your spouse is also earning independently, she/he can be made the co-borrower in the financing, The enhanced financing amount can be arrived at by adding her/his share upto 50% by using BAL factor of 20 times in the above formula.

Some of the related important aspects are given below.

• We will provide upto 80% 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, Sargodha, Sialkot, Peshawar, Wah, Gujranwala, Hyderabad, Abbottabad or Quetta.
   
• The amount of loan will be provided for a minimum of 3 years and maximum of 20 years depending on your age. Loan tenures for Home Improvement are from 3 to 10 years.
   
  
• The minimum amount for Home Purchase loan is Rs: 1.00 million while the upper limit is Rs: 50.00 million for properties in Karachi, Lahore & Islamabad, while for other cities, it is Rs: 20.00 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 satisfactory legal opinion on the property intended for purchase.

Non-Resident Pakistanis

Being the first to accommodate our overseas nationals, we offer the same facilities to them with 1 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 ( for UK residents, multiply Sterlings with 105, for US residents, multiply Dollars with 59, for residents of Saudi Arabia, UAE, multiply Riyals and Dirhams with 15) and then applying the above factor formula.

The additional requirements with regard to documentation are specified separately in an attached .pdf document.
 

Our Matchless Offers

• No penalty on early settlement of loan with no time limit for early settlement (if done through private sources) (* does not apply to financing availed for purchase of land coupled with financing for construction thereon)
   
• Convenience of Balloon payments towards adjustment of principal every month without any extra charge or penalty (Min Rs. 50,000)

Please send us the requisite applicable documents to start the processing of your case. Please note that the Mark up rate varies every monthly with the changes in SBP rates, market rates and market conditions. Still, these are one of the lowest in Pakistan and can be obtained from us for reference since no rate is locked and it is applied when the case is logged in.