Top Banks Providing Home Loans In Pakistan

Now, owning a home your lifelong dream is a reality. In Pakistan, there are reputable banks that provide home loans. What’s noteworthy is that applying for a loan only requires a few simple procedures. You shouldn’t be concerned about high building prices or house loan interest rates anymore. The government instructed the State Bank of Pakistan to provide interest-free housing loans to banks.

In Pakistan’s growing real estate industry, it was difficult for middle-class and lower-class people to build or purchase their own houses. Following Pakistan’s state bank’s home financing strategies, a significant portion of people can now use the services of commercial banks to buy their dream home.

The amount provided by banks is enough to purchase land and then construct a house. The loan has a maximum term of 25 years. Additionally, not many people are aware of Pakistan’s house loans.

For more information or to discuss any real estate-related issues, visit our website or get in touch with Al-Sadat Marketing, the top real estate company.

The leading banks in Pakistan that provide house loans are as follows:

Habib Bank Limited (HBL)

Established in 1947, Habib Bank Limited (HBL) is the biggest bank in Pakistan. When searching for low-income house loans, this bank is a must-consideration. You will receive financing arrangements from the bank that are convenient for you. In addition, you can use the allocated funds to purchase a property or build a house for yourself in the area of your choice.

You have the option to choose the HBL Islamic Home Finance plan if you decide to use this bank for home finance. The minimum age requirement for an HBL house loan is 25, whereas self-employed and non-resident persons must be at least 30 years old. This home loan scheme is only available to the citizens of Pakistan.

Home loans ranging from 20 Lac to 7.5 Crores are offered by this bank, with repayment terms ranging from 3 to 25 years.

Standard Chartered Bank

Standard Chartered Bank (SCB) is a well-known provider of financial goods and services among local and foreign customers. You can apply for the Roshan Apna Ghar Scheme if you have a Roshan Digital Account.

Because Saadiq House Finance is available to those without RDA, this bank provides the most reliable house loan option in Pakistan.

If you are purchasing land or a house in Karachi, Lahore, Islamabad, or Rawalpindi, you can apply for a loan from this bank to finance your purchase. Saadiq’s home financing has a maximum 25-year payment term.

The Pakistani nationals who are not citizens and qualify for the Saadiq Home Finance Scheme are as follows:

Malaysia
Dubai
Singapore
Bahrain

JS Bank

The best place to get an affordable house loan in Pakistan is JS Bank because the bank offers an excellent home financing scheme. JS Bank’s Ghar Apna Scheme allows you to apply for the purchase of your dream home. The loan amount is between 5 lacs to 7.5 crore. The bank will provide you with a building loan if you own a plot of land.

But you may get a loan from the bank for a period of one to twenty years. All Pakistani nationals, even those living abroad, are also qualified for the loan.

Habib Metropolitan Bank

Are you experiencing challenges in getting a house loan in Pakistan from the bank? You can take the services of Habib Metropolitan Bank. You can take out a loan for property, a home under construction, or a completed home in the location of your dreams.

When you want funds for remodeling your old house, you will appreciate the bank’s policy for home renovation loans, as you will receive the necessary funds. The loan has a minimum age requirement of 27 and a maximum age limit of 60 years.

Muslim Commercial Bank (MCB)

For those who want a faster application procedure and don’t want to wait for loan eligibility, Muslim Commercial Bank is a viable alternative for them. Pakistan’s house loan documentation process for this bank is very easy and fast. This bank offers MCB Home Loans, which allow you to obtain a loan with a duration of two to twenty-five years.

The loan can be obtained by salaried individuals, self-employed individuals, retirees, and landlords, with a maximum loan amount of 5 crore.

Allied Bank Limited (ABL)

Pakistan’s leading bank, Allied Bank Limited, provides a number of home loan options. You can choose from other options if you believe that one policy or plan is not appropriate for you.

This bank offers fast financing, with loans up to 4 crores available to applicants between the ages of 25 and 27. People from Islamabad, Lahore, Karachi, Rawalpindi, Faisalabad, Multan, Gujranwala, and Sialkot are eligible to apply for the loan, which has a 25-year repayment duration.

List of Pakistani Banks That Offer Home Loans

The list of banks in Pakistan that provide the most incredible house loan options is as follows:

Alfalah Home Finance (3 years to 25 years)

National Bank of Pakistan (3 years to 20 years)

JS Bank (1 year to 20 years)
Askari Bank Limited (3 years to 25 years)

MCB Islamic Bank Ltd (1 year to 20 years)

Bank Al Habib (1 year to 25 years)

United Bank Limited (3 years to 20 years)

Bank Islami (2 years to 25 years)

Summit Bank (1 year to 20 years)

Standard Chartered Bank (1 year 5 years)
Allied Bank Limited (3 years to 25 years)
Faysal Bank (1 year to 20 years)

Habib Bank Limited (5 years to 20 years)
Bank of Punjab (3 years to 25 years)

Al Baraka Bank (2 years to 25 years)

Muslim Commercial Bank (25 years)

Meezan Bank (3 years to 25 years)

Dubai Islamic Bank (1 year to 20 years)

Conclusion:

If you are looking for home loans in Pakistan, we hope the information we have provided will be of use to you. In Pakistan, almost all banks provide house financing; however, their approaches and regulations vary. We advise you to examine your options before applying for a house loan. Then, you should select the plan that best meets your needs and goals. Also, You can purchase a house at affordable rates in Al Sadat Marketing.

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