Original Source: Banks providing home loans in pakistan
Most people dream of having their own home because living in a rented house can be frustrating and uncomfortable due to the lack of privacy, comfort, and high utility expenses. However, building a home can be challenging. We should analyze certain things before setting aside a budget for our construction projects.
Before starting the construction of your house, you must be aware of factors effecting the real estate market. To get a deep insight into the factors effecting the real estate market, read our blog, about Factors Affecting Real Estate Market in Pakistan.
You also need to know the exact size of your land and have a proper plan. It is better to look for good construction companies in Pakistan to get an estimated construction cost before applying for a loan. The construction companies would also guide you precisely about the plot size conversion. Read this blog to learn about plot size conversion in Pakistan.
There are several good companies currently operating in Pakistan. You could go for either big names in the construction industry or can select entrepreneurs and startups. If you are interested in entrepreneurship or considering starting a side business, we have some good business ideas in Pakistan.
The construction companies would also break down the construction cost to make it more comprehensive. To get a rough idea about the construction cost, visit our website and read this blog to find out the estimated construction cost of 5 Marla house design.
But wait for a second, besides the best construction companies in Pakistan, shouldn’t you also know about the best insurance companies in Pakistan.
Your budget should be flexible enough to accommodate any fluctuations caused by the increased cost of construction materials, labor wages, updated government policies, and property tax in Pakistan. Therefore, it is safe to say that constructing your dream home could be expensive and extensive.
Realtorspk.com is here to educate you and share good things with you. Fortunately, some banks in Pakistan provide home financing, which allows middle and upper-middle-class individuals to pay a monthly amount to the bank, making the construction process more accessible and more practical.
Since most people aren’t aware of the home financing solutions offered by famous banks in Pakistan, we have compiled a comprehensive guide detailing the banks providing home loans in Pakistan.
Here we go!
List of Top 7 banks Providing Home Loans in Pakistan
Here’re list of top 7 banks providing home loans in Pakistan:
- Habib Bank Limited
- Muslim Commercial Bank (MCB)
- Allied Bank Limited
- Faysal Bank
- Meezan Bank
- Alfalah bank
- Standard Chartered Bank