Samba Home Loan

Features & Benefits

• An installment based facility against the collateral of residential property
• Financing limit from PKR 3,000,000 to PKR 100,000,000/-
• Equal monthly installments
• Flexible rates from *KIBOR+3.00% to 5.00% based on risk assessment
• Flexible tenure from 2 to 20 years
• Financing up to 75% of property value
• Co-borrower option available
• Free Property and life insurance

* KIBOR (annually renewal)

Product Offerings

• Purchase of Constructed House
• Home Renovation
• Purchase of Plot including Construction of House
• Balance Transfer Facility

Exceptions

RESIDENT PAKISTANI:

• Pakistani nationals residing and working in Karachi, Lahore and Islamabad
• Applicant must be 30 years or more at the time of financing application and 60 years or less/ retirement age, whichever is lower at the time of financing maturity (70 years at loan maturity for Self-Employed Individuals)
• Monthly income must be from PKR 100,000/- Salaried Individuals and PKR 500,000/- for Self-Employed Individuals

NON-RESIDENT PAKISTANI:

• Pakistani  citizens living abroad.
• Monthly income must be equivalent to USD 3,500/- or above for Salaried Individuals and USD 5,000/- for Self-Employed Individuals
• Non-Resident Pakistanis can only apply for Samba Home Loan with a co-borrower who is a Resident Pakistani

Terms and Conditions apply. 

• The given requirements and eligibility criteria are indicative minimum requirements only and may vary depending on various factors including but not limited to customer profile, credit history, employment status etc.
• All Samba Home Loan applications will be subject to regulations and Samba Bank’s internal credit policies.

To apply for Samba Home Loan, please contact Samba Phone Banking on +92-21-11-11-SAMBA (72622) or write to us on samba.care@samba.com.pk.

You will need to provide the following minimum documents to apply for Samba Home Loan:

• Complete and signed Samba Home Loan Application Booklet
• Valid CNIC / Smart Card (Non-Resident Pakistanis are also required to provide a copy of their valid Passport, Visa and/or Work Permit)
• Bank Statement
• Valid documentary evidence of employment or business:
• Salaried Individuals: Pay / salary slips duly validated by employer’s Human Resource Department
• Self-Employed Individuals: Tax Returns, Proprietorship letter, NTN Certificate, Partnership Deed, Articles / Memorandum of Association etc. (requirements may vary  on a case-to-case basis)
• Loan payoff / termination sheet(s) and / or repayment schedule(s) from existing Bank(s) for ‘Balance Transfer Facility’ applications