Product Name

Khushhali Apna Makaan

Product Type

Individual Micro-housing Loan 

Product Purpose

Loan for New construction and Structural Changes or Renovation in the existing house.

Loan Eligibility Criteria

• Minimum age to avail the loan: 20 years.
• Maximum age at limit maturity.
  • For Salaried Individuals: 60 Years.
  • For Self-employed Individuals: 68 years.
  • For Pensioner individuals: 70 years.
• Annual income of Applicant (net of business expenses) should exceed the limit as set by SBP from time to time.
• Residing in the house/ ownership of the house (if the property has been given on rent) for at least 1 year
• Salaried individuals must be working with the current employer for at least 2 years
• 2 years business experience
• NADRA CNIC/ SNIC holder

Tenure

6-120 Months

Repayment Options

• Equal Monthly Installments

Collateral

FOR PROPERTIES HAVING CLEAR TITLE

Loan amount up to PKR 500,000

•     Proof of Residence (copy of ownership documents given as annexure) will be attached with credit case. (Mandatory) 
•    Guarantor- (applicable where salary/pension not transferable).
•    Co-borrower (where applicable)
•    DP Note
•    Preferably Salary / Pension Account to be transferred to KMBL for salaried/pensioners where possible. 

For Loans PKR. 100,000 up to PKR 2,000,000

•     Equitable Mortgage OR Registered Mortgage
•     In case of Equitable Mortgage, the original title document will be retained at branch and MODTD shall be issued. Verified photocopy of title document will be attached with credit case.
•     Guarantor (Mandatory in case salary pension is not transferred to KMBL)
•     Co-borrower (where applicable)

For Loans PKR 2,000,001 up to PKR. 5,000,000:

•     Registered Mortgage only                                                                                                                .

For Salaried/ Pensioners transfer to KMBL Individual

A.    Loan amount up to PKR 03 Million: (Home Improvement & Renovation Purpose):

 

• Salary / Pension Transfer to KMBL. (Mandatory)
• Proof of residence (bill or document, rent agreement or affidavit etc.) Mandatory 
• Guarantor (as per recommendation of BCC)
• Co-borrower (where applicable)
• Co-Signer (where applicable)

 

B. Loan amount from 03 Million to PKR 05 Million: (Home Improvement & Renovation Purpose):

 

• Salary / Pension Transfer to KMBL. (Mandatory)
• Equitable mortgage: The original title document will be retained at branch and MODTD shall be issued. 
• Photocopy of title document & MODTD will be attached with credit case. Mandatory
• Co-borrower (where applicable)
• Co-Signer (where applicable)

Loan Ticket  (minimum & maximum)

PKR 50,000 to PKR 5,000,000

Service charges

As per SOC, for more information please contact on our helpline 051 111 047 047

 

 

*Terms and conditions apply