Khushhali Bank Home Loan Scheme
Product Name
Khushhali Apna Makaan
Product Type
Individual Low-Cost Housing Loan under Govt. of Pakistan’s Markup Subsidy Scheme
Product Purpose
a- Financing for purchase of Constructed House
b- Financing for purchase of Flat
c- Financing for purchase of Land and subsequent construction
d- For construction of house on customer owned land
e- Extension/Expansion in customer owned house
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Loan Eligibility Criteria
1. All Pakistani men/women holding a valid CNIC
2. Must be 25 – 65 years old at the time of applying for loan.
3. First time home owner (does not own any constructed house) with submission of undertaking as per Khushhali Apna Makaan process and procedures document annexures.
4. One individual can have subsidized house loan facility under this scheme only once
5. Exclusions as applicable per Bank’s Credit policy
Tenure
Minimum: 5 years
Maximum: 20 years
Also Check: Digital Loan in Pakistan – Finja Loan
Also Check: Barwaqt Loan App Information
Repayment Options
Equal Monthly Installments
Collateral
In line with SBP instructions regarding GMSS, housing unit financed will be mortgaged in favour of KMBL.
Loan Ticket (minimum & maximum)
PKR 250,000 to PKR 2,000,000
Type of Loan
Loan Eligibility Criteria
All Pakistani men/women holding a valid CNIC
Must be 25 – 65 years old at the time of applying for loan.
First time home owner (does not own any constructed house) with submission of undertaking
as per Khushhali Apna Makaan process and procedures document annexures.
One individual can have subsidized house loan facility under this scheme only once
Exclusions as applicable per Bank’s Credit policy
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
Loan Eligibility Criteria
Valid CNIC/SNIC holder
Age: 20 years and above
Individuals: Self-employed, SME owners, Salaried (with alternate business)
KMBL customers having TDC/ Current/ Saving accounts
National/ Defense Savings certificate holders
Loan Eligibility Criteria
Age: 22 – 60 Years
Minimum landholding of 3 acres (For tractor financing)
Doing business at the same location for the past 1 year
Resident of the same location for the past 2 years
NADRA CNIC/ SNIC holder
Not defaulter of KMBL or other banks
Loan Eligibility Criteria
Age: 20 – 65 Years
Business experience of minimum of 2 Years
Resident of the same location for the past 2 years
NADRA CNIC/ SNIC holder
Not defaulter of KMBL or other banks
KHUSHHALI SARMAYA (MICRO ENTERPRISE LENDING)
Loan Eligibility Criteria
Age: 22 – 60 years
Applicant must be micro-entrepreneurs who are either self-employed or employ few individuals maximum 10 (excluding seasonal labors)
Minimum business experience of 2 years
NADRA CNIC/ SNIC holder
Must have good credit history
Loan Eligibility Criteria
Age 20 to 67 Years
Retired Employees/spouses of deceased employees receiving pensions from government, semi-government and military institutions
Pension Book (as applicable)
Personal Guarantee (as applicable)
Last three months bank statement of the pension account in case pension is directly credited to a bank (as applicable)
Authority letter from pension payment institute to open and maintain pension account at KMBL (as applicable)
Annual income of the applicant should not exceed Rs. 1,200,000/- or as set by SBP from time to time.
Customer’s Repayment capacity and frequency assessment
Applicant residing in the area from the last 1 Year
Valid CNIC/SNIC of the applicant
Not defaulter of KMBL & other institutions
Loan Eligibility Criteria
Age: 20– 63 years
Age of animal to be purchase must be between 9 months and 7 years
Applicant willingness to tag the animal for insurance cover
Minimum 2 year experience of livestock keeping/ handling
Having at least 1 animal
NADRA CNIC/ SNIC/ NICOP holder
Loan Eligibility Criteria
Age: 20– 63 years
Minimum KMBL relationship of 3 cycles (not less than 24 months)
Previous loan of KMBL to be either fully settled or only accrued mark-up to be paid till date
Permanent resident of the locality for 2 years
NADRA CNIC/ SNIC/ NICOP holder
2 years experience
Loan Eligibility Criteria
Age: 20 – 63 Years
Household annual income up to 1,200,000
Business experience of minimum of 2 Years
NADRA CNIC/ SNIC holder
Not defaulter of KMBL or other banks
Loan Eligibility Criteria
Age: 20 – 63 Years
Proposed Value Chain Partner’s reference
Household annual income less than or equal to Rs. 1,200,000/-
Business experience of 2 years
NADRA CNIC/ SNIC holder
Not defaulter of KMBL or other banks
Loan Eligibility Criteria
Age: 20– 63 years
Income: Less than or equal to Rs. 1,200,000
Permanent resident of the locality for 2 years
NADRA CNIC/ SNIC holder
2 years experience
KHUSHHALI QARZA
Loan Eligibility Criteria
Age: 20 – 63 years
Income: Less than or equal to Rs. 1,200,000
Permanent resident of the locality for 2 years
NADRA CNIC/ SNIC holder
2 years experience
Service charges
5% for first 5 years
7% for next 5 years
KIBOR+7% for next 10 years
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