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How To Apply For Home Loan In Pakistan – All Banks

Home Loan In Pakistan

Owning a home is a dream that many Pakistanis aspire to fulfill. Fortunately, numerous banks in Pakistan offer home loans to make this dream a reality. If you’re considering applying for a home loan in Pakistan, this guide will walk you through the process, providing valuable information on how to apply for home loan in Pakistan and navigate the application process with various banks in Pakistan.

Step-By-Step Guide to Home Loan in Pakistan

Step 1: Research the Banks

Before diving into the application process regarding home loan in Pakistan, it’s crucial to research and compare the home loan offerings from different banks. Consider interest rates, loan tenure, processing fees, and other relevant terms. 

Read more: A Step-by-Step Guide to How to Become a Tax Filer in Pakistan?

Some prominent banks in Pakistan that offer home loans include:

MCB Bank Home Loan Program

MCB offers “Apna Ghar Mehfooz Zindagi”  home loan in Pakistan with highly competitive interest rates, allowing borrowers to secure funds for a period ranging from 2 to 25 years. With MCB home loans, you can finance various housing needs, including purchasing a house, buying a plot and constructing a house, or renovating your existing home. 

Additionally, MCB extends its financing support for a broad range of amounts, allowing borrowers to access funds up to PKR 50 million or even higher, catering to diverse financial requirements.

For Non-Residents

The minimum net income requirement is PKR 500,000 or its equivalent, with specific conditions applied. Eligibility for this variant is exclusively open to the salaried segment, encompassing both permanent and contractual employees. This specific variant allows customers to apply for the purchase of a house exclusively.

Eligibility Criteria

  • All applicants must possess a valid CNIC, SNIC, NICOP, or a Pakistan Origin Card. Furthermore, applicants may hold dual nationality. 
  • Compliance with a local co-borrower requirement is mandatory, and the co-borrower must be a blood relative, according to the bank’s policy. 
  • To qualify for this home loan variant, applicants must demonstrate a one-year banking relationship with any bank in Pakistan or the country of the customer’s residence. This prerequisite ensures a level of financial stability and familiarity with banking practices.


To check standard pricing, click here. You will get a special 50% discount on prepayment charges for Roshan Digital Account holders.

Documents Required

  • Application form
  • Copy of valid and original CNIC/SNIC
  • Two passport-size photographs
  • Declaration of all financing facilities availed from all banks/DFIs
  • Income documents
  • Business /employment proof
  • Copy of property documents
  • Any other document required by the Bank

Application Form

To apply for MCB’s home loan, click here.

Allied Bank Home Loan Program

Recognizing the unique financial requirements of each borrower, Allied Bank Limited is dedicated to assisting you in discovering the ideal housing finance plan tailored to your specific needs.

Avail financing up to Rs. 75 million with a flexible repayment tenure spanning from 3 to 25 years. Enjoy the option of transferring your loan at a low markup rate and benefit from complimentary life insurance, subject to specified terms and conditions.

Please note that this facility is presently available in nine cities, namely Karachi, Lahore, Islamabad, Rawalpindi, Faisalabad, Gujranwala, Sialkot, Multan, and Hyderabad.

You can access further details here

Eligibility Criteria

To be eligible to apply for housing finance from Allied Bank, you must meet the following criteria:

  • You are a Pakistani National.
  • Your age falls within the range of 25 to 57 years.

For Salaried Individuals:

  • Maintain at least six (06) months’ relationship with ABL or any other bank.
  • Possess a minimum employment history of 3 years.
  • Demonstrate a minimum net monthly salary of Rs.50,000/-.

Documents Required

The following basic documents are required to apply for Allied Home Finance:

  • Last six months’ Bank Statement (ABL / Any other bank, as the case may be)
  • Copy of CNIC/ Smart NIC
  • Proof of Income
  • Complete and duly signed Application Form.
  •  Additional document(s) may also be requested


To apply for the ABL’s home loan scheme, click here.

Meezan Bank Home Loan Program

Easy Home by Meezan Bank offers an interest-free solution for your home financing needs. Unlike conventional house loans, Easy Home operates on the principle of Diminishing Musharakah, involving joint ownership of the property between you and Meezan Bank. This co-ownership arrangement, based on joint ownership rather than lending and borrowing, makes Easy Home a Shariah-compliant option. 

Meezan Bank shares the cost of the house, creating joint ownership, and gradually transfers ownership to you, ensuring a Shariah-compliant structure. Monthly payments to the bank include both rent for the home and equity share, with the total payment decreasing as your ownership stake in the property increases. Upon completing the agreed-upon investment, you become the sole owner with a clear title to the property.

Eligibility Criteria

Primary Applicant:

  • Minimum age: 25 years
  • Maximum age at financing maturity: 65 years


  • Minimum age: 21 years
  • Maximum age at financing maturity: 70 years


Easy Home follows the framework of Diminishing Musharakah. In this concept, Meezan Bank and the customer engage in a Musharakah Agreement, contributing investments for the property’s acquisition, construction, or renovation.

Under this agreement establishes joint ownership between the bank and the customer, rooted in the Musharakah agreement and based on the principle of Shirkat ul Milk. The bank’s share is segmented into units, leased to the customer, who commits to acquiring the bank’s units over the transaction’s duration. As the customer purchases units monthly, they gradually assume property ownership.

Throughout the financing period, the rental amount adjusts by the remaining bank’s share (units) in the property. In this Unique Musharakah-based Installment (UMI) model, the Musharakah unit price remains constant throughout the financing tenure.

More details can be viewed here

Application Form

You can download Meezan Bank’s application form here

Bank Alfalah Home Loan Program

Bank Alfalah is here to transform your dream home into a reality. Through Alfalah Ghar Assan, they offer swift and convenient solutions for purchasing a house or apartment and acquiring land to construct your dream home. Their program facilitates easy and affordable monthly installments, making the homebuying process seamless and accessible.

With Alfalah Ghar Assan, you benefit from end-to-end personalized advisory and processing services at every stage of your homebuying journey. 

Alfalah Ghar Asaan offers two distinct facilities:

  • Alfalah Ghar Asaan – Home Buy: This facility is designed for the purchase of an already constructed housing unit or apartment.
  • Alfalah Ghar Asaan – Build a Home: Extended to customers who either already own a residential plot or plan to acquire one with subsequent construction of a house.

Eligibility Criteria

  • Open to all Pakistani citizens holding valid CNIC / NICOP / SNIC.
  • This subsidized scheme is specifically tailored for first-time homebuyers.
  • Applicants can avail the facility under the scheme only once.
  • Applicable only for constructing and first purchasing newly constructed affordable housing units.

Documents Required

  • Facility Application Form
  • CNIC copy of the applicant / co-applicant
  • Proof of income documents
  • Copies of property documents/details of property


The pricing is  2% for first five years, 4% for next five years, 5% for 11 – 15 years, and 1year KIBOR + 2.5% after 15 years. More details regarding the pricing plan can be viewed here

Application Form

You can download Bank Alfalah’s application form here

Habib Bank Limited Home Loan Program

Musharakah is a financing model that empowers you to realize your dreams of owning a car or a house. HBL follows this model. This housing scheme, guided by Shariah-compliant principles of Diminishing Musharakah financing, provides you with a convenient and affordable avenue to acquire the house of your dreams. 

You can use this financing for various purposes, including purchasing completed residential property, constructing a house (including land purchase), renovating a house/apartment, or replacing (BTF) of an existing mortgage facility.

The financing limit ranges from PKR 2,000,000 to PKR 100,000,000/-. Repayment is structured through equal monthly installments over a flexible payment tenure, ranging from 3 to 25 years. You can finance up to 70% of the property value. Additionally, the financing scheme includes mandatory property and life Takaful coverage for added security.

Eligibility Criteria

For salaried individuals, 

  • Applicant must be a Pakistani citizen.
  • Applicant must be 25 years or more at the time of financing application and 60 years or less/ retirement age, whichever is lower at the time of financing maturity.
  • Monthly income must be from PKR 50,000/ or above.

For self-employed individuals, 

  • Applicant must be a Pakistani citizen
  • Applicant is to be 30 years or more at the time of application and 65 years at maturity of financing.
  • Monthly income must be from PKR 100,000/ or above.

Documents Required

For salaried individuals,

  • Copy of valid CNIC/NICOP/SNIC
  • Two recent passport-size photographs
  • Original salary certificate stating date of joining and cadre of employment.
  • Latest three original/attested salary slips
  • Twelve months’ bank account statement where salary is credited.
  • Proof of five years’ occupation (business or profession)

For self-employed,

  • Copy of valid CNIC/NICOP/SNIC
  • Two recent passport size photographs
  • Proof of five years’ occupation (business or profession)
  • Bank certificate stating Title/ CNIC#/ Account#/ A/c Opening Date/ Business Entity/ Authorized Signatory Name
  • Bank statement for last 12 months

Application Form

You can apply for HBL’s home loan here

Askari Bank Home Loan Program

Askari Bank is committed to providing highly affordable housing finance through its “Mera Pakistan Mera Ghar” mark-up subsidy scheme, which offers subsidized mark-up rates. This initiative is specially crafted to empower individuals who are currently without homes, allowing them the opportunity to become homeowners rather than continuing to reside in rented accommodations.

The scheme boasts several salient features designed to make homeownership more accessible. First and foremost, applicants benefit from a significantly discounted processing fee, set at a nominal Rs. 6,000. Furthermore, a fixed mark-up rate as low as 2% per annum ensures a stable and affordable financing structure. Notably, there are no charges for partial payments, and early settlement incurs no additional charges, providing borrowers with flexibility.

Property insurance is another key aspect of this scheme, with a low rate of 0.05% of the sum insured. The application process is streamlined, featuring quick processing and requiring minimal documentation, making it convenient for potential homeowners.

Applicants can also enjoy a flexible payment plan, allowing for a loan tenor of up to 20 years. Additionally, the financing limit extends up to Rs. 10 Million, accommodating a range of budgetary requirements.

Eligibility Criteria

  • All Men/Women Holding Valid CNIC – Salaried/ Self Employed Individuals
  • First-time home owner.
  • The borrower must not have availed housing finance previously from any Bank/DFI.
  • One individual can avail subsidized house finance facility under the scheme, only once.

Documents Required

  • Application Form
  • Copy of Valid CNIC
  • Salary Slip/Proof of Income
  • Latest Bank Statement – 6 Months for Salaried/Pensioners & 12 Months for Self Employed Individuals
  • Copies of Title Documents
  • Any other document required by the Bank

Application Form

To apply for Askari Bank’s home loan form, visit here


The minimum pricing is Rs. 500,000. For detailed pricing plan, click here

Mera Pakistan Mera Ghar Housing Scheme

Recognizing the critical need to enhance the availability of adequate housing in Pakistan and understanding the vital role of the construction sector in stimulating economic activities, the Government of Pakistan has set forth an ambitious vision to significantly increase the number of housing units in the coming years. 

Various measures have been implemented to translate this vision into reality, aligning with the government’s commitment to fostering growth in the construction and housing sector. In response to this national imperative, the State Bank of Pakistan has been actively involved in implementing measures since July 2020 to facilitate financing for the housing and construction sector. 

Launch of MPMG Home Loan Program

A significant milestone in this effort was reached in October 2020 when the Government of Pakistan introduced the Government Markup Subsidy Scheme, now popularly known as the Mera Pakistan Mera Ghar (MPMG) markup subsidy scheme. Building on the momentum, the government further refined the features of the MPMG scheme in March 2021, incorporating valuable feedback from stakeholders to extend its benefits to a broader segment of the population.

The MPMG markup subsidy scheme is available in both conventional and Islamic modes, providing a framework that allows banks to offer financing for constructing and purchasing houses at exceptionally low financing rates. The primary focus is on catering to the financial needs of the low to middle-income segments of the population, ensuring inclusivity in access to affordable housing.

Crucially, the State Bank of Pakistan is the executing partner in collaboration with the Government of Pakistan and the Naya Pakistan Housing and Development Authority (NAPHDA). This collaboration underscores the coordinated efforts of various stakeholders to address the housing shortage and stimulate economic growth through targeted initiatives in the housing and construction sector.

Financing obtained through the MPMG Scheme serves multiple purposes, including acquiring a house, flat, or apartment. Additionally, individuals can utilize the funds to purchase a plot and undertake subsequent construction. The scheme also supports extensions in pre-owned housing units, providing financial assistance for improvements. Furthermore, financing is available for construction projects on an already-owned plot, offering flexibility for diverse housing needs.

Eligibility Criteria 

  • All Pakistanis with valid CNIC and NICOP
  • First time house owner
  • One individual can have subsidized house loan facility under this scheme only for once
  • For Naya Pakistan Housing and Development Authority (NAPHDA) projects, NAPHDA will shortlist the eligible candidate and  upon request of candidate, will forward the candidate profile to banks for financing


  • Borrower will be charged financing rate of 3 percent for first five years.
  • 5 percent for next five years.
  • KIBOR + up to 250 bps for the remaining financing tenor

Application Form

You can download the official form here

Documents Required

Loan Application Form (LAF) along with CF UndertakingOriginal
Product Disclosure SheetOriginal
Valid CNIC of applicant & Co-partner (where applicable)Copy
2 passport size color Photographs of applicant & Co-partner (where applicable)Original
Undertaking for first time homeownerOriginal
Proof of allotment, transfer and/or Title Document of the property to be mortgagedCopy
Direct Debit Authority (DDA) & Employer’s certificate mentioning that payroll account maintenance shall continue with the lending Bank (where applicable)Original

Step 2: Understand Eligibility Criteria

Each bank has specific eligibility criteria for home loan applicants. Typically, factors such as age, income, employment status, and credit history play a crucial role. Make sure you meet the bank’s requirements before initiating the application process.

Step 3: Gather Necessary Documents

Prepare a comprehensive set of documents to support your home loan application. Commonly required documents include:

  • Proof of Identity (CNIC/Passport)
  • Proof of Residence (Utility bills)
  • Proof of Income (Salary slips, bank statements)
  • Property documents
  • Employment verification documents

Step 4: Estimate Loan Amount and Repayment Capacity

Home Loan In Pakistan

Determine the loan amount you need based on your budget and the property’s cost. Additionally, assess your repayment capacity by considering your monthly income, existing debts, and other financial obligations.

Step 5: Submit Application

Once you’ve chosen a bank and gathered all necessary documents, visit the bank’s nearest branch to submit your home loan application. Some banks may also offer online application facilities, making the process more convenient.

Step 6: Loan Processing and Verification

After submitting your application, the bank will initiate the processing and verification phase. This involves assessing your documents, conducting a property valuation, and verifying your financial stability.

Step 7: Loan Approval

Upon successful verification, the bank will approve your home loan. You’ll receive an offer letter detailing the approved loan amount, interest rate, and other terms and conditions.

Step 8: Signing the Agreement

Carefully review the loan agreement and, if satisfied, sign the necessary documents. This typically involves legal and financial documents related to the home loan.

Step 9: Disbursement of Loan

After signing the agreement, the bank will disburse the loan amount either directly to you or the seller/developer, depending on the property type.

Step 10: Repayment

Once you receive the loan amount, ensure timely repayment of the installments. Set up a systematic repayment plan to avoid any penalties and maintain a good credit history.

The Bottom Line

Remember, the home loan application process may vary slightly between banks, so staying informed and seeking guidance from the respective bank’s representatives is essential. Homeownership is a significant milestone, and with careful planning and adherence to the application process, you can turn your dream of owning a home in Pakistan into a reality.


How to take home loan in Pakistan?

To obtain a home loan in Pakistan, approach a bank, submit required documents, and complete the application process, which typically involves an assessment of eligibility and property valuation.

Which bank is offering best home loan in Pakistan?

Due to its variable annual return policy, NBP Home Loan offers competitive rates in Pakistan. Through the NBP Saibaan program, the bank provides construction and purchase loans, with a maximum amount of approximately Rs. 35 million, available for a flexible tenure ranging from 3 to 20 years.

How much loan can I get for house in Pakistan?

You can obtain financing up to Rs. 6 million for a house of up to 5 Marla (125 Square Yards) or a flat/apartment with a size of up to 1,250 Square Feet.

What is the new loan scheme in Pakistan 2023?

Mera Pakistan Mera Ghar is a new home loan scheme for lower-middle class to get their own homes at subsidized rates.

Which bank has cheapest home loan?

Mera Pakistan Mera Ghar is the cheapest home loan scheme by the government of Pakistan.

Which bank gives fastest home loan?

Allied Bank gives the fasted home loan in Pakistan.

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