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    Habib Bank Home Loan Details - 06-01-2015 06:27 PM

    Habib Bank Pakistan Home Loan Schemes, Home Loans by Habib Bank Pakistan. Habib Bank Limited Home Loans and Personal Loans in Pakistan. HBL Loan Forms and Registrations 2015. HBL Home Loan Scheme Details.
    HBL HomeLoan
    HBL HomeLoan offers financing options to purchase a new house or renovate an existing house. For details regarding available financing options, call HBL PhoneBanking at 111-111-425 or contact your nearest HBL branch.
    Outright Purchase
    Home Improvement
    The outright purchase loan option provides financing for buying a new house. Home-improvement loan option provides financing for renovating your house.
    Outright Purchase Descriptors Home Improvement/ Renovation
    3 years to 20 years Loan tenure 3 years to 20 years
    Rs. 300,000 Rs. 15,000,000
    Loan amount
    Rs. 300,000 – Rs. 5,000,000
    85%
    Maximum financing amount
    (as % of appraised value of the property)
    70%
    5 years Property lease
    (years remaining at the time of loan maturity)
    5 years
    Borne by the Bank
    Property insurance
    Borne by the Bank
    Primary applicant and co-borrower
    Life insurance
    (through HBL by the insurance company on HBL?s panel)
    Primary applicant and co-borrower
    Eligibility Criteria
    Salaried Individuals Self-Employed Business Persons/ Professionals
    Nationality Pakistani (resident) Pakistani (resident)
    Age criteria of the main applicant and co-borrower whose income is being clubbed (spouse only)
    Permanent employees
    Minimum age at the time of loan application should be 21 years. Maximum age at the time of loan maturity should be 60 years.Contractual employees
    Minimum age at the time of loan application should be 21 years. Maximum age at the time of loan maturity should be 55 years
    Minimum age at the time of loan application should be 21 years. Maximum age at the time of loan maturity should be 65 years.
    Length of Employment
    Permanent employees
    Minimum 1 year experience; 6 months experience with confirmed employment status in the current job.

    Contractual employees
    Minimum 2 years work experience. Third party contractual not eligible.
    Minimum 2 years experience in personal business
    Documentation
    Salaried Individuals Self-Employed Business Persons/ Professionals
    • CNIC copy
    • 2 passport size photographs
    • Letter from employer
    • 2 latest salary slips or salary certificate
    • Bank statement for last 6 months and bank letter confirming details of account
    • Copies of property documents
    • CNIC copy
    • 2 passport size photographs
    • Proprietorship: Bank Certificate / Latest Tax Assessment Order
    • Latest one year bank statement
    • Partnership Deed
    • Registered Form C
    • Memorandum, Article of association and registered Form 29 A (applies to company directors)
    • Copies of property documents
    Schedule of Bank Charges
    Application processing charges (including 16% FED) Rs. 7,000/- (non-refundable)
    Early settlement charges 4.7% of outstanding principal
    Partial payment charges 4.7% of adjusted principal
    Late payment charges Rs. 700 (for each late payment)
    Property evaluation fee Actual cost plus 16% FED to be recovered
    Legal fee Actual cost plus 16% FED to be recovered
    The charges stated above are subject to change considering the market dynamics and maybe revised from time to time.


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