Loan against property in Pakistan 2024 – information

Loan Against Property: When you need a significant amount of money, a loan against property in Pakistan can be a great option. It allows you to leverage the value of your existing residential or commercial property to secure financing for various purposes. But with numerous banks offering this service, choosing the right one can be overwhelming.

This article provides a comprehensive overview of banks offering loans against property in Pakistan, helping you make an informed decision.

Popular Banks Offering Loans Against Property:

Several reputable banks in Pakistan cater to your needs when it comes to loans against property. Here are some of the leading ones:

  • Habib Bank Limited (HBL): One of the largest banks in Pakistan, HBL offers competitive loan against property schemes with flexible repayment tenures. They cater to both conventional and Islamic financing options.

  • Meezan Bank: Known for its Islamic banking products, Meezan Bank offers Easy Home – an Islamic House Financing scheme. This Sharia-compliant product functions through Diminishing Musharakah, where you and the bank co-own the property, and the bank’s share gradually reduces with each installment.

  • Standard Chartered Bank: Standard Chartered offers financing for up to 75% of the property’s value. They have a well-defined eligibility criteria, including minimum salary requirements and age limits.

  • Alfalah Bank: Alfalah Bank’s Alfalah Karobar Finance provides financing against residential and commercial properties for business purposes. This can be helpful if you need funds to expand your business or invest in new ventures.

  • Muslim Commercial Bank (MCB): MCB offers competitive loan against property schemes with long repayment tenures of up to 25 years. This can be beneficial if you require a larger loan amount and prefer manageable monthly installments.

Remember, this list isn’t exhaustive. It’s advisable to research and compare loan options from various banks before making a decision. Consider factors like interest rates, processing fees, loan amount eligibility, and repayment terms.

Tips for Choosing the Right Loan Against Property:

  • Compare interest rates: Interest rates can significantly impact your overall loan cost. Look for banks offering competitive rates based on your creditworthiness and loan amount.

  • Consider processing fees: Banks may charge processing fees for loan applications. Factor these fees into your calculations to determine the total loan cost.

  • Evaluate loan amount eligibility: Banks usually have a maximum loan amount based on the property’s value. Ensure the offered amount meets your financing needs.

  • Repayment terms: Choose a repayment term that aligns with your budget and financial capabilities. Longer terms may lead to lower monthly installments but higher overall interest payments.

  • Read the fine print: Carefully review the loan agreement before signing. Understand all terms and conditions, including prepayment penalties and any hidden charges.


By leveraging a loan against property, you can unlock the potential of your existing property to meet your financial goals. Researching different banks, comparing offerings, and considering the factors mentioned above will empower you to make an informed decision and secure the most suitable loan against property in Pakistan.

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