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 23-60 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 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 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, Sargodha, Sialkot, Peshawar, Wah, Gujranwala, Hyderabad, Abbottabad, Rahim Yar Khan, Bahawalpur 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: 1.50 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 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 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 and then applying the above multiplier factor formula.

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

Convenience of Balloon payments towards adjustment of principal every month without any extra charge or penalty (Min Rs. 50,000 or multiples thereof)

Please note that the Mark up rate varies every month with the changes in KIBOR - a benchmark affected by market’s credit liquidity. Markup rate is applied on the date when the case is disbursed.