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Last Modified: Tuesday March 17, 2015

 
   
 
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Bullet 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.
 
Bullet Outright Purchase
 
Bullet 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
 
Bullet 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
Bullet 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
Bullet 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.