A home of your own is a long-held dream of all. By the time, if you're planning to construct a house on your plot or want to purchase an already built home then many banks in Pakistan are providing home loans to facilitate you.
All banks have different interest rates, repayment plans, and conditions. Many banks are also providing Islamic home loan facilities for the customers calling it a joint investment. HOUSE FINANCING under the Naya Pakistan Housing scheme is also being offered from many banks.
It is better to do comprehensive research and compare all house loan plans before applying for a loan.
Although every Pakistani bank offers home financing here we've compiled a list of banks that are trending and popular for house financing in Pakistan. is a list of Pakistani banks that are providing house loans with their interest rates.
1. HBL
HBL is one of the most trusted and leading banks in Pakistan. HBL offers loans both in regular and HBL Islamic home financing. For regular home financing from HBL Applicant can be Pakistani or non-resident Pakistani. Applicant should be 25 years and above. A home loan from pkr 3 million to pkr 40 million for the tenure of 5-20 years. There is an option between fixed and variable markup rates. Free property insurance is offered. An approximate markup is between 10%-12% depending on the period and amount of loan.
For Islamic or Sharia-compliant home financing applicants should be above Pakistani and 25 years and above. Monthly income must be between pkr 50,000- PCR pkr 100,000. Equal monthly installments to repay the account. House loan between 20 million to 75 million for the tenure of 3 to 25 years.
Habib Bank Islamic financing is extended to Naya Pakistan housing scheme with lower interest rates.
2. Meezan Bank
Meezan Bank is another popular bank when it comes to home financing. Meezan Bank offers Easy home- Islamic home financing. Here unlike conventional home financing work through diminishing Musharaka where Meezan bank takes joint ownership of your property and pays for your side. A property joint partner then pays rent of the house to the bank as installments for some time. The ownership is gradually returned to the house owner until repayment of all money invested by the bank. The rental amount remains fixed throughout the period as in Musharaka unit price remains the same throughout the period. A home financing of 65% to 75% of property value is provided.
Meezan bank is also the first Pakistani bank to provide low-cost house loans for Prime Minister Naya Pakistan housing scheme & clearly mention all plan.
Mera Pakistan Mera Ghar under Naya Pakistan- low-cost housing finance housing scheme by Meezan bank. A loan amount of 3.5 million to 6.5 million is offered with a 5% fixed rental rate for the first five years and 7% for the next five years.
Click for detail of Islamic house low-cost loan from MEEZAN BANK
3. Askari Bank
Askari bank is another trending bank to seek home loans especially from families of corps and forces. The bank provides a house loan for 5 million to 100 million. An applicant must be 21 years and above. A salary of pkr 50,000 or above is required to apply for a house loan. A markup rate between 10%-12% is charged on loan.
Askari bank is also offering loans under Prime Minister Mera Pakistan Mera that scheme by government' markup subsidy scheme. A home loan for first-time homeowners will be given under Tier1, Tier 2, and Tier 3 plans. A home financing from pkr 3.5 million to pkr 6.5 million is offered. A markup fixed rate of 5% for the first five years and 7% for the next five years is charged.
4. Bank Islami Pakistan
Bank Islami is offering house loans named Muskun house financing. The investment to buy, construct, or renovate a home will be a joint venture of the applicant and the bank Islamic based on diminishing musharaka law. The share of the bank is leased to you based on hijrah. Till the agreed time, you pay the rent to the bank till you buy bank units. An amount of 200k - 150 million is offered for the tenure of 2- 25 years in-home financing. Flexibility in partial prepayments is a plus point in Islamic home financing.
5. JS bank
JS bank Ghar Apna home loans finance up to 80% of the market value of the property. Markup rate is as low as 1 year KIBOR 4.25% (floating rate).
6. MCB
MCB is another old and popular bank offering home loans. A home loan of 5 million to 3 million is offered for the tenure of 2- 20 years. A verified history of the applicant is a must get a loan from MCB. Repayment of home loans is done In equal monthly installments (EMI).
7. Bank Alfalah
Bank Alfalah is also widely promoting its home loans. Alfalah has become a brand name in house financing. The key feature of bank alfalah home financing is the inclusion of your spouse or blood relative to increase your financing eligibility. There are annual partial payment options to pay back your loan quickly. A life and property insurance to feel safe.
8. National Bank of Pakistan NBP
NBP is a Pakistani government-owned commercial bank. National bank of Pakistan provides house loan under the Saibaan housing scheme.
An applicant must be Pakistani and above 22 years.
House loan from NBP is a joint investment user governments subsidized mark up rates.
House loans under Prime Minister Naya Pakistan housing scheme Mera Pakistan Mera Ghar are also available In NBP. A house loan of pkr 3 million- per 5 million is offered for the tenure of 3-20 years. Co-applicant income clubbing is allowed. The markup rate is variable. A minimum salary of 5000- or 15,000 is required to apply for a loan from NBP.