Outright
Purchase: The
outright purchase loan option
provides financing for buying
a new house.
Home Improvement:
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 HBLs panel)
Primary applicant
and co-borrower
Nationality
Salaried Individuals
Self-Employed
Business Persons/
Professionals
Pakistani (resident)
Pakistani (resident)
Permanent employees
Minimum age at the time of
Age criteria of the
loan application should be 21
main applicant and
years. Maximum age at the
co-borrower whose
time of loan maturity should
income is being
be 60 years.
clubbed (spouse only) 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
Length of
Employment
Minimum age at the
time of loan
application should be
21 years. Maximum
age at the time of
loan maturity should
be 65 years.
Permanent employees
Minimum 2 years
Minimum 1 year experience;
experience in
6 months experience with
personal business.
confirmed employment status
in the current job.
Contractual employees
Minimum 2 years work
Salaried Individuals
Self-Employed Business
Persons/ Professionals
CNIC copy
CNIC copy
2 passport size photographs
2 passport size photographs
Letter from employer
Proprietorship: Bank Certificate /
Latest Tax Assessment Order
2 latest salary slips or salary
certificate
Bank statement for last 6 months
and
bank letter confirming details of
account
Copies of property documents
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
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
Choice of used, new local/imported and
reconditioned imported car.
Repayment options ranging up to 7 years.
Up to 85% of financing for the car of your
choice.
Insurance at all times for complete peace of
mind and security.
Round the clock support available through
HBL Phone Banking; you can place your
requests and queries, track the status of your
repayment/loan account and avail other valueadded services through HBL PhoneBanking.
Salaried
Individuals
Self-Employed
Business
persons/
Professionals
Citizenship
Pakistani
Pakistani
Age
22-60 years
22-70 years
Minimum
monthly income
Rs. 20,000
Rs. 25,000
Salaried Individuals
Self-Employed Business
persons/Professionals
Copy of CNIC
Copy of CNIC
2 recent passport size photographs
2 recent passport size photographs
Latest original salary slip and
personal bank statement for last 3
months.
Bank statement for last 6 months
and bank letter confirming details of
account.
Proof of Business.
