MCB Bank Home Loan Program Latest Update

MCB Bank Home Loan Program

MCB Bank Home Loan Program: With extremely low interest rates, MCB provides “Apna Ghar Mehfooz Zindagi” home loans in Pakistan, enabling borrowers to obtain cash for two to twenty-five years. You can fund a variety of housing needs with MCB Home Loans, such as buying a house, buying a plot of land and building a house on it, or remodeling your current home.

Furthermore, MCB offers a wide range of financing amounts, meeting a variety of financial needs by enabling borrowers to obtain loans up to PKR 50 million or even higher.

 

How To Apply For Home Loan New Update

A common goal for Pakistanis is to become homeowners. Thankfully, there are a lot of institutions in Pakistan that provide home loans to help realize this ambition. If you’re thinking about applying for a home loan in Pakistan, this article will help you every step of the way. It offers helpful advice on how to apply for a home loan in Pakistan and handles the application procedure with different Pakistani banks.

Now easily you can get a home loan from MCB Bank through the MCB Home Loan Program.

 

For Non-Residents Home Loan From MCB

With certain restrictions in place, the minimum net income requirement is PKR 500,000 or its equivalent. This version is only available to those in the paid sector, which includes both contract and permanent workers. Customers can apply only for purchasing a house with this particular model.

Eligibility Criteria

• Every applicant needs to have a current Pakistan Origin Card, SNIC, CNIC, or NICOP. Moreover, candidates may be dual nationals. 
• The bank’s policy requires compliance with a local co-borrower requirement, and the co-borrower must be a blood relative. 
• Applicants must show proof of a one-year banking relationship with any bank in Pakistan or the customer’s home country to be eligible for this type of house loan. 
• This requirement guarantees a certain level of financial stability and knowledge of banking procedures.

Pricing

Click here to view normal pricing. If you have a Roshan Digital Account, you will receive a special 50% reduction on prepayment charges.

Documents Required For Home Loan From MCB Bank

1. Application form
2. Copy of valid and original CNIC/SNIC
3. Two passport-size photographs
4. A statement of all the financing options used by all banks and DFIs
5. Income documents
6. Business /employment proof
7. Copy of property documents
8. Any other document required by the Bank

Application Form

To apply for MCB’s home loan, click here.