Regular Mortgage Finance

Whether you are buying, building, renovating or transferring your existing home loan, Askari Mortgage Finance offers the right plan to you.

Particulars Details
Tenure of Loan 3 to 25 years
Minimum Age of Borrower 21 years
Maximum Age till Maturity of Loan 62 years (Salaried)
65 years (SEB/SEP/Pensioner)
Minimum Salary/Income
Permanent Employees
Contractual Employees
SEB/SEP (Branch Customers)
SEB/SEP (Non Branch Customers)

Rs. 50,000/-
Rs. 60,000/-
Rs. 100,000/- Average Balance
Rs. 100,000/- Average Balance
Minimum Employment – Salaried

SEB/SEP (Branch Customers)
SEB/SEP (Non Branch Customers)
Overall 1 year & 6 months with current employer
6 months banking relationship
1 Year in same business/profession
2 Years in same business/profession
Finance Amount (subject to DBR) Rs. 500,000/- to Rs. 100 Million
Minimum Equity Requirement 25%
Top Up/Limit Enhancement Renovation/Completion purpose
Balance Transfer Facility against already availed mortgage finance from other bank After completion of atleast 18 months
Mark-up Rates
Branch Customer (Salaried/SEB/SEP)
Non-Branch Customer (Salaried/SEB/SEP)

1 Year KIBOR + 3%
1 Year KIBOR + 4%

Click Here to Calculate your Installment

Documents mainly required:

  • Application Form duly filled in all respects
  • Copy of valid CNIC
  • Salary Slip / Proof of Income
  • Bank Statement
  • 2 Passport size photographs
  • Biometric Verification

You can apply by visiting our Branches or by calling at our 24 hrs Voice & Virtual Center at 111-000-787. Our dedicated staff will help you complete your loan application form and other formalities.

You can also submit your details here, our staff will contact you.

1. What types of Housing Finance AKBL offers?

  • Purchase of House/ Apartment/ Flat/ Residential Unit
  • Purchase of Plot (+) plus Construction
  • Construction of House/ Residential Unit on already owned plot
  • Renovation of House/ Apartment/ Flat/ Residential Unit
  • Extension/ Expansion/ Improvement
  • Balance Transfer Facility (BTF) against existing financing facility of borrower from other banks/DFIs.
  • Note: Housing finance will not be allowed purely for the purchase of land/ plot

2. Who can apply for AKBL House Finance?

  • Officers Serving & Retired/ widows
  • Serving & Retired JCOs/ Equivalent And Lower Cadres/ widows
  • Civilians working in Armed Forces Organizations Permanent & Contractual
  • Salaried Individuals including GOP/ Semi Government/ Autonomous Bodies
  • Self Employed Businessman & women/ Professional (SEB/SEP)
  • Specially Abled Persons/ Visually Impaired Person/ Persons with Disabilities (PWD)
  • Askari Bank Employees

3. Can overseas Pakistanis obtain House Finance facility from AKBL?
    Yes. The individuals maintaining FC account with AKBL, Remittances/ Roshan Digital     Account holders/ Holders of Naya Pakistan Certificates

Note: Facility can only be allowed In case of joint account maintaining with AKBL.

4. Can I obtain financing on my owned property by mortgaging it?

    Yes, purpose of finance has to be in line with the purpose defined by regulator i.e.

  • Financing for construction of house on owned piece of land.
  • Balance Transfer Facility (BTF) against existing financing facility of borrower from other banks/ DFIs.
  • Renovation of owned House/ Apartment/ Flat/ Residential Unit
  • Extension/ Expansion/ Improvement of Residential Unit


5. Can I avail more than one House loan?
    Yes. One can avail two Mortgage Loans at a time from Askari Bank within 40% DBR and     as per prevailing SBP PRs.

6. What is the minimum and maximum financing amount?
    The minimum financing amount is Rs. 500,000/. The maximum financing limit will be up to     50% Debt Burden Ratio as per SBP PR.

7. What would be the financing tenure?
    Loan tenure is Minimum 3 years and maximum 25 years

8. What is the age criteria for applying Askari Mortgage Finance?
    Minimum 21 years and Maximum 65 years at the time of loan maturity.

9. What is the minimum monthly income criterion?

    Salaried: Permanent Rs. 40,000/-, Contractual Rs. 50,000/-
    Armed Forces: 25,000/-

10. Can I club income of Co-Borrower?
    Yes. Clubbing of Co-Borrower income may be allowed in case of     spouse/son/parents/un-married daughter/Sibling.

11. Can the loan amount be used for any other purpose?

    No, the loan amount can only be used for specific purpose i.e.

  • Purchase of House/ Apartment/ Flat/ Residential Unit
  • Purchase of Plot (+) plus Construction
  • Construction of House/ Residential Unit on already owned plot
  • Renovation of House/ Apartment/ Flat/ Residential Unit
  • Extension/ Expansion/ Improvement
  • Balance Transfer Facility (BTF) against existing financing facility of borrower from other banks/DFIs.


12. In which area of the country one can avail House Finance form AKBL?

    Mortgage Finance facility can be availed from all cities / areas without discrimination.

13. Where financing is not allowed?
    The financing shall not be allowed for;

  • Commercial Properties.
  • Construction or possession of land on the encroached area of Public/ Government Land.
  • Properties built against Housing Authority By-Laws.


14. What is the Application processing time?
    The processing time of Mortgage Finance is 30 days form login till approval subject to     complete application with required documents.

15. What are the Application processing Charges?

    Processing Charges will be applicable as per prevailing Bank’s Schedule of Charges     (SOC).

16. What is insurance coverage?

    Property Insurance is mandatory, however life insurance is optional. Insurance premium is     born by the borrower rates are nominal. It covers construction cost of financed house and     value of property in case of apartment.

17. What is the repayment mode?

    Payment of Equal Monthly Installment (EMI) comprising of principal, mark-up and     Insurance cost etc. will be made through Direct Debit Authority (DDA) of borrower’s     account maintained with AKBL.

18. Can I avail income tax rebate on House Financing?

    Yes, one can claim tax rebate against its House Finance mark-up paid during the year, or     as per prevailing Tax laws of the country.

19. Can I make balloon payments or premature termination is allowed?
    Yes, Balloon payment or premature termination option is available for all customers.     Charges will be applied as per prevailing Bank’s schedule of charges.

20. How will I get update of my House Loan Application?

    Our Sales/ front end staff is quite supportive and always there to serve you. You can visit/     call or send email at our Customer Services center(s) as well.

Email Address: CustomerServices@askaribank.com.pk