Submitted by adminkmbl on Thu, 03/11/2021 - 18:16
Home Plus

Product Name

Khushhali Home Plus

Product Type

Individual Micro-housing Loan 

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

Shamillat and Stamp paper property allowed only in case of salary/pension transfer to KMBL.


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 1,000,000

Service charges

22-28% APR

Related Products