A blog about real estate, lifestyle and tourism in Pakistan | Feeta Blog

  • News
  • Construction
  • Tips & Advice
  • International
  • Amazing Design
  • Interior Decoration
  • Style Your Home
  • Design Ideas

Banks Offering Home Loans for Pakistan Real Estate

List-of-Banks-That-Provide-Home-Loan-For-Pakistan-Real-Estate
feeta_admin
Monday, 03 May 2021 / Published in building plan, home loans, Market Overview, MARKETS, News, News & Updates, News and Update, Real Estate

Banks Offering Home Loans for Pakistan Real Estate

While prices have been high for homes for sale, people still want to own their own homes. Although it is not shocking, it is a bit difficult to buy a house in Pakistan. A house that fits your budget and meets your expectations could be much harder to find.

You could give up on a smaller house or a job you didn’t want at first. All that makes it inevitable to borrow a home. A home loan from a bank has its own advantages.

We know that building a house in today’s era can be very difficult due to the rising cost of raw materials, labor and housing tax. You only know how to translate the size of the lot before collecting a loan for your house. Once you know the exact size of your land, then it is easy for you to get a loan with a suitable plan. Fortunately, some banks provide Pakistani citizens with home financing.

You only have to pay the bank a certain amount of money per month. This promotes and promotes the entire construction process. Middle class and upper middle class can enjoy the benefits of their own home, all with home financing.

To see which banks in Pakistan offer home loan services, we have mentioned very helpful and detailed features of each bank.

Advantages Of Obtaining A Home Loan Form Bank

Before we get started, let’s look at advantages of getting a home loan from a bank.

  • High payments Permanent tenure: (home loans have the longest repayment, up to 30 years, among all types of loans, so that the burden of equivalent monthly payments can be reduced by extending the tenure). You can use a home loan EMI calculator to know how your home loan office is changing
  • Assess the capital appreciation: So you can prosper with the time of real estate improvement.
  • Save you from paying rent: They’re squeezing your monthly budget because rent is pretty high in subway cities. The EMI and families pay well.
  • Tax benefits on a second home: In the case of a second home, you are entitled to claim a deduction for the total amount of home loan interest paid under Section 24B of the Income Tax Act.
  • Unlike most loans, where loans cause down payment down payments, there are no down payment premiums for floating home loans.
  • No down payments: That you can use it to finance part of your home loan and reduce the pressure if you have extra capital. In the case of a revolving home loan, however, down payment fees may be paid.
  • Balanced Delivery Facility: In case of home loans, if your loan has a lower cost, you will transfer your home loan to a particular loan company.
  • Easy to buy home dreams: For many people, home loans cannot be bought with their own money, as it can be repaid in simple monthly installments, and buying a home is much simpler.

Banks that offer home loan in Pakistan

Pakistani people spend their lives saving money to buy their own house. Yet only a few will truly realize the dream. In such a state of affairs, a mortgage can be a very useful option. It may not be ideal for everyone, but it should be considered for people with a decent monthly income, especially people who live in rented houses.

Here is the list of banks you should look for:

Islamic Commercial Bank (MCB) – Pyara Ghar

For a variety of uses, MCB offers a variety of financial options such as buying a home, building, building or purchasing real estate.

Features

Their domestic financial alternative is available in all major cities like Lahore, Karachi, Islamabad, Faisalabad and Rawalpindi. For 2 to 20 years, MCB offers up to 20 million loans, except for industrial assets that you cannot get the loan from.

Bank Alfalah

Simply put, Alfalah Home Finance offers home loans. The amount for the loan can be claimed in 36 to 240 monthly installments, starting from Rs2 million to Rs.50 million.

Features

The applicant wants a minimum wage of Rs 70,000 and the age limit is between 23 and 60 years. CNIC, salary notes, bank balance and two years of employment for a current employer include the records required for loans. Loan papers

United Bank Limited (UBL) – UBL Address

Under the term “UBL Address,” the UBL provides support for purchasing and construction purposes. These loans are sold at two separate interest rates (so-called floating and adjustable).

Features

You must be a Pakistani citizen and earn a minimum monthly income of 15,000 to apply. Note that although the combined income of both partners reaches 15000, a family can apply for this loan. Using this program, you can get up to 500,000 and larger loans. Brand prices range from 11.99% to 16.5%, and these loans are offered for a period of 3–20 years.

Bank Al Habib

Like other banks, Al Habib Bank also lends 300,000 to 20 million rupees for 240 months.

Features

The minimum wage threshold is Rs. 60,000 and the average age is between 23 and 60 years. CNIC, payments and 12 monthly bank statements are the things needed for paperwork.

Askari Bank

Askari Bank gives loans of Rs 500,000 million to Rs 20 million, charged in a monthly installment of 36 to 300 installments.

Features

Like MCB, Askari Bank’s minimum wage requirement is Rs. 50,000. The age limit is 22-60 years and CNIC, salary invoices and a 12 month bank statement are the documents needed for further processing.

Meezan Bank

At the Meezan bank you are allowed to apply in 24 to 240 monthly installments for a loan amount starting at Rs. 500,000 to Rs. 50 million.

Features

Meezan Bank offers loans to those with Rs. 40,000 monthly salary. The age range varies between 25 and 65 years. A pay cut, a 12-month bank statement and proof of work are expected for the coming years.

Norma Luita

The Standard Chartered Home Finance division also offers loans. Like HBL, this bank also offers an online loan calculator for its customers. It is possible, in 12 to 240 monthly installments, to apply for a loan amount between Rs3 million and Rs30 million.

Features

The financing available with Standard Chartered Bank is up to 75% of real estate valuation. The salary and age criteria are of Rs. 50,000 and Rs. 21 to 60, respectively. If you intend to secure an SC loan, bring your CNIC, your salaries and your employer’s 12-month bank account and a letter with you.

What you can read next

In-Murrees-outskirts-real-estate-gold-lies-squandered-Or-does-it
Untapped Real Estate Potential in Murree’s Outskirts
funny-weird-architecture-shaming-pics
40 Architecture Examples That Look So Bad, People Just Had To Shame Them
4 Strategies Real Estate Investors Know About

Style Your Home - Gallery

Designer Tricks: A Behind the Scenes Peek at Designing a Living Room | lark & linen

Designer Tricks: A Behind the Scenes Peek at Designing a Living Room | lark & linen

Source: jacquelynclark.com

Pin #700169073308717066

Source: renoguide.com.au

versteckter Aufenthaltsraum. #hidden #Recreational #room #hidden #Recreational -…, #Aufent…

versteckter Aufenthaltsraum. -…, room

Source: well3.hizlievdenevenakliyat.com

Small And Elegant Bathroom Designs

Small And Elegant Bathroom Designs

Top 50 Best Hidden Door Ideas – Secret Room Entrance Designs

Top 50 Best Hidden Door Ideas – Secret Room Entrance Designs

Source: nextluxury.com

Pin #700169073308716926

Pin #700169073308717017

Source: 13.tropicalhomesdecor.com

12 marla house plan. 12 Marla house has complete layout plan with front elevation is a double storey house having 5 bedrooms with 5 attached bathrooms, where 2 bedrooms are…

12 marla house plan. 12 Marla house has complete layout plan with front elevation is a double storey house having 5 bedrooms with 5 attached bathrooms, where 2 bedrooms are master bedrooms. The house designs and its layout plan also include large TV Lounge with dinning. TV Lounge and dining area is 585 sqft. It’s a good option for 1 family. This 12 Marla house plan has a lawn. As you enter into the lobby there is no separation in the lounge and dining areas.

Source: gharplans.pk

Pin #700169073308717024

Pin #700169073308717017

Source: 13.tropicalhomesdecor.com

Hidden Bookcase Doors – Secure & Custom – High Tech Secret Bookcases

Hidden Bookcase Doors – Secure & Custom – High Tech Secret Bookcases

Source: hiddenpassageway.com

Pin #700169073308716982

Source: behance.net

25×45 plans (5)

25×45 plans (5)

Source: gloryarchitecture.wordpress.com

Hidden Passage Bookcase

Hidden Room/Custom Bookcases

Source: dovetailmt.com

57 Unbelievable secret doorways into hidden rooms

57 Unbelievable secret doorways into hidden rooms

Source: onekindesign.com

Spring Farmhouse Dining Room Table Ideas, Place Setting, Cotton, Decor, Inspiration, Decorating, Modern Farmhouse, Fixer Upper, Vase, Farm Table

Spring Farmhouse Dining Room Table Ideas, Place Setting, Cotton, Decor, Inspiration, Decorating, Modern Farmhouse, Fixer Upper, Vase, Farm Table

Source: northcarolinayogagirl.wordpress.com

I migliori programmi per disegnare stanze e edifici, arredare casa in 3D e progettare appartamenti, facili da usare. 5 Software gratis per arredare case.

I migliori programmi per disegnare stanze e edifici, arredare casa in 3D e progettare appartamenti, facili da usare. 5 Software gratis per arredare case.

Source: maidirelink.it

Pin #700169073307267413

Pin #700169073308716932

Source: stylecraftstairs.co.nz

58+ The Most Incredibly Overlooked Solution for Hidden Rooms in Houses Secret Passage Bedrooms Awesome – Fans of the fantasy genre certainly understand the secret rooms inside the house. Now…

58+ The Most Incredibly Overlooked Solution for Hidden Rooms in Houses Secret Passage Bedrooms Awesome – Fans of the fantasy genre certainly understand the secret rooms inside the house. Now many people want to adopt a secret room idea to secure the room or just for fun so that his house is more unique. Here are some tips for having houses secret passage bedrooms door. 1. Use Old Cupboard Have you ever watched Narnia? In this film, there is an old cupboard whose interior ends into …

Source: canimdan.saracogluyedekparca.com

GOSSIP

  • News
  • Construction
  • Tips & Advice
  • International
  • Amazing Design
  • Interior Decoration
  • Style Your Home
  • Design Ideas
TOP