FIRST Home Loan

Housing Finance Product up to Pkr 500,000

FIRST Home Loan is a loan product for individuals looking to improve their living conditions. Under the product applicant can finance home improvements; e.g. reinforcement of house structure, construction of a room, getting a paint job, plumbing and sanitation improvement, electrical system or appliances installation.

Eligibility Criteria
  • Annual income (net of business expenses) not exceeding PKR 600,000
  • Valid CNIC
  • Age between 18-65 years
  • 3 years Business Experience OR 3 years of permanent employment in any govt. / private / semi-private institution
  • Pensioners or Salaried individuals
Type of Credit
  • Medium & Long Term Finance
Purpose of Credit
  • Housing loans can be given for non-structural improvement or structural improvement;
  • Non-structural improvements are minor improvements to houses e.g. repairs, paint, carpeting of Floors, plumbing etc
  • In case of rented property, the client can only avail loan for movable assets e.g. furniture and fixture, etc.
  • Structural Improvements are incremental improvements in the home i.e. major permanent improvement to housing e.g. addition of a room, bathroom, etc.
Lending Methodology
  • Individual Loans
Loan Amount
  • Minimum: Pkr 150,001
  • Maximum: Pkr 500,000
Loan Tenor
  • Up to 84 months
Loan Repayment
  • Equal Monthly Installments
  • Equal Quarterly Installments
Security Arrangements
  • 3rd Party Personal Guarantee
  • Salary Account Lien Marking
  • Pension Account Lien Marking
Other Benefits
  • Credit Linked Life Insurance

Other Terms & Conditions Apply Download