SitemapContact UsDownloads Quick Links Freedom Account Term Accounts Current Accounts Foreign Currency Accounts Savings Accounts Amaan Tabeer Annual Accounts Public Documents Current Jobs     About Us Individual Customers Business Customers Islamic Banking Investor Relations Careers     Services Car Loan Credit Cards Home Loan - Calculator - FAQs - SBP Regulations Bancassurance Debit Card Phone Banking FastTransfer Mutual Funds Frequently Asked Questions • Who can apply for HBL HomeLoan? • Is it possible for two people to jointly apply for HBL HomeLoan? • Can non-resident Pakistanis apply for the facility? • What is the markup rate on HBL HomeLoan? • What is the repayment procedure for new-to-HBL customers? • Can the repayment account be used for other transactions? • What is the repayment procedure for existing HBL account holders? • What is the minimum balance required to maintain the repayment account? • Can partial payments be made for HBL HomeLoan during the tenure? • Can the loan be repaid before the maturity date? Who can apply for HBL HomeLoan? Any salaried* or self-employed business person / professional with a regular, stable and verifiable income stream can apply for HBL HomeLoan. *Conditions apply in case of contractual employees. Top Is it possible for two people to jointly apply for HBL HomeLoan? Yes, two people can jointly apply for the home loan facility as co-borrowers / co owners (subject to fulfillment of certain criteria). Top Can non-resident Pakistanis apply for the facility? At this time, only resident Pakistani nationals can apply for the home loan facility. Top What is the markup rate on HBL HomeLoan? Currently, HBL HomeLoan offers a floating (variable) markup rate. It is calculated on the basis of prevailing 1 year Karachi Inter Bank Offer Rate (KIBOR) plus 400 basis points. This markup rate is revised every year. Top What is the repayment procedure for new-to-HBL customers? A non-checking repayment account is opened for borrowers who do not maintain an account with HBL. The borrower can easily deposit his/her monthly instalments in this account through any HBL branch. Top Can the repayment account be used for other transactions? HBL HomeLoan repayment account is a non-checking account. While the borrower can deposit monthly home loan instalment amount in this account other banking transactions and withdrawals can not be performed. Top What is the repayment procedure for existing HBL account holders? Existing customers have the facility of repaying their loan in monthly instalments through direct debit instructions from their existing accounts. Meanwhile, they can continue to use their accounts for regular banking transactions. Top What is the minimum balance required to maintain the repayment account? There is no minimum balance requirement for the repayment account. However, borrower should ensure availability of sufficient funds in the repayment account before the instalment due date. Top Can partial payments be made for HBL HomeLoan during the tenure? Borrowers are allowed to make partial loan payments subject to applicable charges. Additional terms and conditions may apply to partial payments. Can the loan be repaid before the maturity date? Yes, HBL HomeLoan can be settled before the maturity date. However, certain charges as per the Schedule of Bank Charges apply. Top     2012 HBL   Disclaimer   Privacy Policy