U Bank Home Loan
Now build the home of your dreams!
U Bank offers Home Loan facility to salaried individuals, business owners, and pensioners, for the purchase of a complete residential property, apartment, flat, or house. U Bank Home Loan can also be availed for construction on a newly-purchased or previously owned plot, its structural improvement, or for the purpose of house renovation.
Salient Features
Loan Facility: PKR 150,000 to PKR 3,000,000
Loan Tenure: 3 to 25 years
Minimum Markup Rate
Repayment in Easy Monthly Installments
Provision of Loan in Case of Joint/Family Property
Required Documents
- Original CNIC
- Passport-sized photograph
- Proof of income
- Offered property-related documents
- Offered property should be free from any bar and charges
Terms and Conditions are applicable
FAQs
Who can apply for this loan?
Any resident Pakistani with a valid CNIC/NICOP
What is the eligibility criteria?
Any business or salaried individual is eligible to apply
Is there any age limit for the borrower to avail this loan?
The age limit requirement is 25 – 65 years of age at the time of loan application and loan maturity respectively
What is the procedure to apply for this loan?
The customer will be required to follow the following steps:
- Visit the nearest U Bank branch
- Provide the necessary property-related documents
- Provide other required KYC documents
- Deposit the upfront charges
- Sign the loan application form and submit
What documents are required for this loan?
The following documents are required:
Sole Proprietors – Proof of business like a business card, cash memo, letterhead, or utility bill, and bank statement
Businesses Individuals – Proof of business like a business card, cash memo, letterhead, or utility bill, and bank statement
Salaried Individual – Three (03) recent salary slips or a salary certificate, and six (06) months’ bank statement
What kind of processing charges are applicable?
- Loan Application Fee
- Insurance Charges
- Property Valuation Fee
- Legal Appraisal fee
What kind of collateral is required for this loan?
Mortgage creation on property
For what purpose can I receive this loan?
This loan can be availed for Housing
What is the down payment requirement?
A minimum of 10% as down payment is required
Additional requirements for insurance and safety?
Property Insurance required
Do you have a Shari’ah-compliant version of this loan?
Yes. Please visit: Makaan Asaan – Diminishing Musharakah Financing