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.