Product Name

Khushhali Apna Makaan

Product Type

Secured 

Product Purpose

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

Loan Eligibility Criteria

• Age: 25 -60 years (65 years for Pensioners)
• Annual income of Applicant should be equal to or less than PKR 1,500,000 per year
• 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

Equitable Mortgage/ Registered Mortgage

For Loans up to PKR 250,000:

No Salary/Pension Transfer Case:

• Original property documents or Copy of Documents as per the Ownership Document List will be retained at the branch. (Mandatory)

Note: In the case of the Original Title Document MODTD will be retained at the branch & a copy of the signed MODTD will be given to the borrower by the branch.
 

• Postdated Cheque of salary/pension accounts for salaried/pensioner individuals.

Or

• Co-borrower/Guarantor in case of self-employed individuals

Salary / Pension Transfer with KMBL:

• Salary/Pension Account to be transferred to KMBL. 
• Postdated Cheque of salary/pension account.
• Copy of Document or as per Ownership Document List or proof of residence will be retained at the branch (Mandatory)
• In the case of Stamp Paper property/ shamillat property, available proof of ownership/Residence/Occupation will be taken along with Affidavit on Stamp Paper on the standard format (KHML-00001A). (Mandatory)

For Loans equal to or greater than PKR 250,001 to PKR 1,000,000: 

No Salary/Pension transfer case:

• Co-borrower Or guarantor. (Mandatory)
• Original property documents as per the Ownership Document List will be retained at the branch. (mandatory)

Note: In the case of the Original Title Document MODTD will be retained at the branch & a copy of the signed MODTD will be given to the borrower by the branch.
 

• Postdated cheque of salary/pension accounts for salaried/pensioner individuals.

Or

• Guarantor in the case of self-employed individuals.

Salary/Pension transfer with KMBL:

• Original property documents as per Ownership Document List.

Note: In case of Original Title Document and MODTD will be retained at branch & copy of signed MODTD will be given to the borrower by the branch. In the case of Stamp Paper property/shamillat property available proof of ownership/residence/occupation will be taken along with Affidavit on Stamp Paper on the standard format (KHML-00001A). (Mandatory)

 

• Salary/Pension Account to be transferred to KMBL.
• Postdated Cheque of salary/pension account.

Loan Ticket  (minimum & maximum)

PKR 50,001 to PKR 3,000,000

Service charges

28-32% APR