Al Habib home loan requisites are:
- Must be a Pakistani citizen
- Minimum relationship of 1 year with any bank
- Debt Load Ratio (DBR): Up to DBR 50% aggregate of Net Income
- Age: Minimum 25 years. Maximum 60 years for Salaried Persons; and 65 years for Self-Employed Professionals (SEP) and Self-Employed Entrepreneurs (SEB) upon maturity of the financing.
- Position in Employment/Company: Minimum 2 years for Employee and SEP, 3 Years for SEB.
- Minimum Income: Rs.60,000/- per month to take home for Salaried and Rs.100,000/- per month for SEP / SE
- positive credit history
- Co-borrower with a minimum net income of Rs.30,000 can be added for income and property club purposes.
It will be necessary to prove all the requirements when applying for funding.
How and where to apply for Al Habib home financing?
To apply for Al Habib home financing, you must go to an Al Habib physical agency with all the necessary documents to apply for the loan.
It will be necessary to present previous documentation of the property to assess the market value of the desired property.
During the financing analysis process, a consultant will be assigned to help you set up the best repayment plan, as well as to assist throughout the hiring process.
What are the financial characteristics of Al Habib home financing?
- Interest rates of 3% per annum for wage earners
- Interest rates of 3.5% for self-employed persons
All of this information can be found on the Al Habib home loan page. Before choosing the best financing option for your profile, take a look at the other articles we have prepared for you here at Clube Utua!
See more details about financing the house of Al Habib!