Business Real Estate

List of Top 7 Banks Providing Home Loans in Pakistan

“A house is made of walls and beams; a home is built of love and dreams.” -Ralph Waldo Emerson

Most people dream of having their own home because living in a rented house can be frustrating and uncomfortable due to the lack of privacy, comfort, and high utility expenses. However, building a home can be challenging. We should analyze certain things before setting aside a budget for our construction projects.

Are you searching which bank is best for house loan in pakistan? Before starting the construction of your house, you must be aware of factors effecting the real estate market. To get a deep insight into the factors effecting the real estate market, read our blog, about Factors Affecting Real Estate Market in Pakistan.

You also need to know the exact size of your land and have a proper plan. It is better to look for good construction companies in Pakistan to get an estimated construction cost before applying for a loan. The construction companies would also guide you precisely about the plot size conversion. Read this blog to learn about plot size conversion in Pakistan.

There are several good companies currently operating in Pakistan. You could go for either big names in the construction industry or can select entrepreneurs and startups. If you are interested in entrepreneurship or considering starting a side business, we have some good business ideas in Pakistan.

The construction companies would also break down the construction cost to make it more comprehensive. To get a rough idea about the construction cost, visit our website and read this blog to find out the estimated construction cost of 5 Marla house design.

But wait for a second, besides the best construction companies in Pakistan, shouldn’t you also know about the best insurance companies in Pakistan.

Your budget should be flexible enough to accommodate any fluctuations caused by the increased cost of construction materials, labor wages, updated government policies, and property tax in Pakistan. Therefore, it is safe to say that constructing your dream home could be expensive and extensive. is here to educate you and share good things with you. Fortunately, some banks provide interest free home loan in pakistan, which allows middle and upper-middle-class individuals to pay a monthly amount to the bank, making the construction process more accessible and more practical.

Since most people aren’t aware of the home financing solutions offered by famous banks in Pakistan, we have compiled a comprehensive guide detailing the banks providing home loans in Pakistan.

Here we go!

List of Top 7 banks Providing Home Loans in Pakistan

Here’re list of top 7 banks providing home loans in Pakistan:

  1. Habib Bank Limited
  2. Muslim Commercial Bank (MCB)
  3. Allied Bank Limited
  4. Faysal Bank
  5. Meezan Bank
  6. Alfalah bank
  7. Standard Chartered Bank

1. Habib Bank Limited

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If you are looking to apply for a loan to buy or build a property, you should consider checking out the home financing plans offered by Habib Bank Limited (HBL). HBL, one of the famous banks in Pakistan, is also included in the list of banks providing home loans in Pakistan. Pakistan’s largest bank offers many services, including HBL Islamic Home Finance scheme.

HBL Islamic Home Finance

HBL Islamic home finance is a shariah-compliant scheme. The scheme facility offers customers a convenient option to build their homes hassle-free. The scheme is based on the principle of Diminishing Musharakah (DM). Many of you must have heard this term, but for those unaware, we would briefly describe what DM exactly is.

DM is a form of joint ownership of a property or asset in which any joint owners buy the ownership share of the other joint owner(s) until the ownership of the jointly acquired property is fully transferred to the purchasing owner. The financing limit of this scheme ranges between PKR 20 lakh to PKR 7.5 crore. The bank can also sponsor up to 70% of the property value. HBL has easy installment plans for its customers. Equal monthly installments facilitate you to pay in a minimum of 3 years and a maximum of 25 years. In addition, the bank can finance up to 70% of the property value. Also read our blog, best Cities to Invest in Real Estate Pakistan.

Who Can Apply for a Home Loan Through HBL?

HBL offers this service to salaried individuals and self-employed and non-resident people. Per the bank policy, the age limit for salaried customers must be 25 or above, whereas non-resident and self-employed applicants should be aged 30 or above. It is pertinent to mention that the scheme is valid only in Pakistan.

Phone Number: 111-111-425

2. Muslim Commercial Bank (MCB)

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MCB is a good option for those seeking a home loan in Pakistan. Applying for MCB Home Loans is relatively simple, requiring minimal documentation. The bank offers competitive prices for home loans, allowing borrowers to purchase a new house, renovate their existing home, or build a house on a plot and vice versa.

Who Can Apply for a Home Loan Through MCB?

MCB gives home loan in Pakistan to the following: Salaried persons, self-employed individuals, pensioners, and landlords. You can get a maximum loan of PKR 50 million. The flexible installment plans of the bank allow you to pay between 2 to 25 years.

Phone Number: 111-000-622, 042-35987979

3. Allied Bank Limited

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Considered one of the leading banks in Pakistan, Allied Bank Limited (ABL) offers various home finance plans with different repayment options, allowing customers to construct or buy their own homes at their convenience.

The Allied Home Finance Scheme

The Allied Home Finance scheme allows obtaining a loan of up to PKR 4 crores, with a 3 to 25 years repayment period. The bank offers a loan transfer facility for its customers at low markup rates, free life insurance, and a solar system finance facility for renovation purposes, ensuring quick and easy processing. Read our blog to know more about best housing societies in Pakistan.

It is worth noting that Allied Bank Limited presently offers a range of products, such as purchasing a home/apartment, constructing a home on previously owned land, home renovation, and buying and building a house.

The bank currently offers this home loan facility in eight cities, including Islamabad, Lahore, Karachi, Rawalpindi, Faisalabad, Multan, Gujranwala, and Sialkot.

Who can apply for a home loan through ABL?

To get a home loan in Pakistan through ABL, you must be:

  • Pakistani National
  • 25 to 57 years old

Allied bank Low-Cost Housing Scheme

The bank rolled out an exclusive Low-Cost Housing Scheme for children of martyrs, widows, transgenders, and differently-abled people. Under this scheme, applicants can obtain a home loan of PKR 5 to 27 lakh.

The repayment tenure of ABL is up to 12.5 years, including a six-month grace period. To qualify for this scheme, one must be a citizen of Pakistan and have a net income of at least PKR 30,000 per month that can be verified.

Contact number Allied Bank Pakistan: 111-225-225

4. Faysal Bank

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Next comes Faysal bank on our list of banks providing home loans in Pakistan. Faysal Bank offers its Faysal Islamic Home Finance program to aspiring homeowners. The home loan scheme follows the principle of diminishing Musharakah. This involves the bank and the customer jointly purchasing the property, with the bank renting out its share of units to the customer. Also read our blog areas to buying houses in Islamabad.

Once the customer has paid off all the units, ownership of the property is transferred solely to them.

Currently, the following services are offered under this plan:

  • Home Purchase
  • Home Renovation
  • Home Builder/Plot + Construction
  • Home Refinance (transferring home finance facility from another bank to Faysal Bank)

However, the scheme is available only in Lahore, Islamabad, Rawalpindi, and Karachi.

Who can apply for a home loan through Faysal Bank?

To qualify for the loan, the applicant must be a Pakistani citizen. Salaried individuals must have a net income of at least Rs. 100,000 and be between 21 and 60 years of age.

Phone Number: 021-111-06-06-06


home loans in pakistan-realtorspk

Meezan Bank is considered one of the famous banks in Pakistan that provides Islamic home financing solutions. Its interest-free option, Easy Home, operates on the principle of diminishing Musharakah.

If you are looking for Shariah-compliant home financing options, consider Meezan Bank. Meezan Bank offers loan amounts ranging from Rs. 500,000 to Rs. 50 million. The bank facilitates its customers with easy installment plans. You can pay the loan in 24-240 monthly installments. Moreover, the installment amount of the initial years is comparatively lower and affordable. Read our blog How to Make a Profitable Property Investment in Pakistan. Also checkout the eligibility criteria for meezan bank loan against property.

Who can apply for a home loan through Meezan Bank?

To be eligible for a Meezan Bank home loan, you must have a monthly income of approximately Rs. 40,000 and fall within the age range of 25 to 65. Additionally, you will need to provide salary slips, a 12-month bank statement, and proof of employment for the past two years for further processing.

Phone Number: 021 111 331 331

6. Alfalah Bank

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Alfalah bank is one of the leading banks in Pakistan that launched home finance schemes. Alfalah Home Finance gives home loan in Pakistan on easy terms and conditions. You can apply for a loan amount starting from Rs2 million to Rs. 50 million, payable in 36 to 240 monthly installments.

Who can apply for a home loan through Alfalah Bank?

The minimum salary requirement for the filer is Rs. 70,000, and the age limit is 23-60 years. Documents required for loans include CNIC, salary slips, 12-month bank statements, and two years of employment under the current employer.

7. Standard chartered Bank

standard chatter providing home loans in pakistan-realtorspk

Standard Chartered Bank (SCB) is renowned for its excellent customer service and financial products. If you hold a Roshan Digital Account (RDA), you can apply for the Roshan Apna Ghar Scheme through SCB. However, you can still apply for the Saadiq Home Finance option if you do not have an RDA account.

Saadiq Home Finance is an Islamic financing option that follows the principles of diminishing Musharakah. It provides facilities, including:

  • Home Purchase
  • Home Credit (for renovation)
  • Enhancement to existing Saadiq Home Finance
  • Balance Transfer Facility (transferring home financing facility from another bank to SCB)

Furthermore, Saadiq Home Finance allows for a financing tenure of up to 25 years. However, the bank is currently offering the service in the selected cities of Pakistan, i.e., Islamabad, Rawalpindi, Lahore, and Karachi.

Who can apply for a home loan through SCB?

  • Pakistani & Non-Resident Pakistanis (in Malaysia, Singapore, Dubai, and Bahrain)
  • Salaried individuals (25-60 Years) with a net income PKR 50,000
  • Self-Employed (65 Years) with a net income PKR 75,000

Phone Number: 021-111 002 002

So this was it. Make sure to read our other blogs to get more information related to real estate.


In short, building your dream is no longer an impossible thing. You must research thoroughly and select the most suitable option per your requirement. You can avail home financing scheme of the banks mentioned above and turn your dream into reality.

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