Albeit, banking sector being quite dynamic in Pakistan and consumers making extensive use of different types of loans for various purposes. However, making use of mortgages or home financing services is still not as prevalent as other types of finances. People in Pakistan spend their lives in saving the money, in order to be able to buy their own home. Still, very few can manage to actually live this dream. In such state of affairs, mortgage can be a very handy option. It may not work out perfectly for all and sundry, but it is worth taking into consideration for people with good monthly income, especially those who are living in rented houses.
There are a number of banks providing different home finance products for their customers and you can avail any of them when buying or constructing your home. Some of these banks are mentioned below.

National Bank Pakistan (NBP) – Mera Pakistan, Mera Ghar
The National Bank offers loans designed for your individual needs that will fit within your budget. National Bank also provided quick local service, attractive interest rates and a choice of repayment plans. NBA has defined the following eligibility criteria. Applicant must be a Non-Resident RDA account holder. Applicant must be 20 years of age or more at the time of financing application and 65 years or less at the time of financing maturity. There will be no minimum income criteria.

United Bank Limited (UBL) – UBL Address
UBL provides financing for both buying and constructing purposes, under the name “UBL Address”. These loans are made available with two types of interest rates (known as floating and adjustable). To be eligible, you need to be a resident of Pakistan and earning a minimum monthly income of 15000. Note that a family can qualify for this loan even if the total income of both spouses is up to 15000. One can get up to 500,000 and bigger loans by taking advantage of this service. Mark up rates lie between 11.99 percent and 16.5 percent of actual amount and these loans are granted for durations of 3 to 20 years.

Standard Chartered – Home Purchase & Home Credit
Headquartered near Clifton, Karachi on I.I Chandigarh Road, Standard Chartered is a well-known name in banking sector. In Pakistan, Standard Chartered Bank provides financing only for completed residential properties (do not cover commercial properties). Once you submit the application, they will verify to determine, if you meet their eligibility criteria that goes like this – borrower monthly income should be at least 30,000 per month and he/she should be not less than 25 years of age. One can get as much as 30 million worth of financing from Standard Chartered Home Purchase scheme. On the other hand, home Credit is intended for people who are going for maintenance or construction work.

Muslim Commercial Bank (MCB) – Pyara Ghar
MCB offers a range of financing options for different purposes including home purchase, renovation, construction or land purchase. Their home finance option is available in all major cities like Lahore, Karachi, Islamabad, Faisalabad, and Rawalpindi. MCB provides up to 20 million loans for a period of 2 to 20 years; however you cannot obtain this loan for commercial properties. Additionally, the customer service branch of MCB is situated on Jail Road, Lahore.
These are not the only options, seeing that many other banks like Citibank, HSBC and NBP have their own programs as well. In case you are looking for home finance, you should stop at all of these banks in person and consult with the banker. After accumulating basic information, you can compare between the options and choose the one that suits you best.

Habib Bank Limited (HBL) – Roshan Apna Ghar
​HBL is pleased itself to be amongst the highest contributors in the collection of deposits through ​Roshan Digital Account led by the State Bank of Pakistan (SBP) for the ease of millions of Non-Resident Pakistanis (NRPs) residing across the world. HBL offers House Finance facility to all customers of Roshan Digital Account (RDA), Naya Pakistan Certificates (NPCs) and Islamic Naya Pakistan Certificate (INPC). This facility is available to all the customer of Government Mark-up subsidy scheme for housing finance​.

JS Bank – Cash Asaan
JS Bank provides loan under Cash Asaan program. By this program, a personal loan facility with up to six (6) multiples of gross salary and a flexible financing tenure of up to five (5) years in equal monthly installments. The term and conditions for getting loan are these: Loan from Rs. 40,000 to Rs. 2 million with equal monthly installments of 1 to 5 years to flexible tenure. Two (2) post-dated cheques equivalent to six (6) monthly installments each year. For Gold Proxy Loan customer, no additional collateral required.

Allied Bank – Allied Personal Finance
With Allied Personal Finance, you can realize your dreams be it transforming your house into your dream house with all desired luxuries, making wedding a memorable event, gearing up with latest gadgets or enjoying holidays with family and friends at your dream destinations – just apply for Allied Personal Finance and repay in easy monthly installments with peace of mind.

Faysal Bank – Personal Installment Loans for Professionals
Faysal bank pleased to announce the launch of Faysal Personal Installment Loan for Professionals such as Doctors, Chartered Accountants, Engineers, Professors, Teachers, Architects and Actuaries at affordable rates. Loan amount from PKR 50,000 to PKR 500,000 (maximum up to PKR 2 million subject to the income and Debt Burden Ratio (DBR). Flexible tenures ranging from 12 to 60 months for repayments has been decided.

Bank of Punjab (BOP) – Punjab Rozgar Scheme
Government of Punjab has been working on various uplift initiatives which have been merged as a single scheme post-COVID. “Punjab Rozgar Scheme”, launched by Punjab Small Industries Corporation (PSIC) in collaboration with The Bank of Punjab aims to provide subsidized small business loans in the range of Rs. 100,000/- to Rs. 10,000,000/-

Sindh Bank – Sukoon Salary Loan
Sindh Bank Sukoon Salary Loan is the most convenient product for your immediate needs. Whether you have an urgent payment to make, need to meet expenses for a wedding in the family, to pay your child’s education expense, renovate your home or take a family vacation. Put an end to your worries and avail the Sukoon Salary Loan, a hassle-free way to fulfil your needs.

Bank of Khyber – Khyber Karobar Support Program
Khyber Karobar Support Program provides easy access to finance for initiation, promotion, expansion and development of economically viable enterprises. It also provides access to finance on consistent basis to the provincial economy. To encourage potential youth to play their role in economic development of the province by creating new enterprises.
All mentioned banks are highly recommended to approach for getting loans.