Khushhali Apna Makaan

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Loan

Khushhali Apna Makaan

Product Type

Individual Micro-housing Loan

Product Purpose

  • Home Purchase: Buy a house, flat, or apartment.
  • Construction: Build a home on owned land, or purchase a plot to build.
  • Renovation & Extension:
    • Secured: Upgrade, extend, or renovate an owned home (self-occupied or rented).
    • Unsecured: Upgrade or renovate an owned home (self-occupied or rented).

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.
  • Maximum Net Annual Income: Rs. 1,500,000 (or as revised 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 Applicants: Minimum 2 years as a permanent employee, backed by salary reflection in bank statements.
  • Self-Employed Applicants: Minimum 2 years of business experience required.
  • NADRA CNIC/ SNIC holder.

Tenure

6-120 Months

Repayment Options

  • Equal Monthly Installments

Collateral

For Self-Employed / Salary/Pension Non-Transfer Case (Un-Secure): Loan amount up to Rs. 500K.

  • Proof of ownership; copy of property document or affidavit etc. (Mandatory).
  • PDC (any bank) & DP Note OR
  • Personal Guarantee & DP Note OR
  • Co-borrower (where applicable).
  • Co-Signer (where applicable).

For Self-Employed / Salary/Pension Transfer Case (Secure): Properties having clear title.

Loans Rs.100,000 up to Rs.2,000,000

  • Equitable Mortgage OR Registered Mortgage OR Digital Charge creation.
  • In case of Equitable Mortgage, original title document will be retained at branch and MODTD shall be issued while copy of the same will be provided to customer. Verified photocopy of title document will be attached with credit case.
  • Co-borrower (where applicable).
  • Co-Signer (where applicable).

For Loans Rs.2,000,001 up to Rs.5,000,000

  •     Registered Mortgage (manually or through Digital Charge creation).

For Salary/Pension Transfers to KMBL.

A.    Loan amount up to Rs.3 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 Rs.3 Million to Rs.5 Million: (Home Improvement & Renovation Purpose):

  • Salary / Pension Transfer to KMBL (Mandatory).
  • Equitable mortgage / Digital Charge Creation through 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 Amount (minimum & maximum)

Rs.50,000 to Rs.5,000,000

Service charges

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

*Terms and conditions apply