UBL Address Home Loan Facility

Owning a house of your very own is a cherished dream. A lot of planning and hard work is involved in making this dream come true. That is why, at UBL we aim to make your decision easier, by offering you the right ingredients that can help you realize your dream with absolute convenience.

UBL Address empowers you to become the proud owner of a home by offering a variety of product and pricing options that are flexible yet affordable. So choose the best product option and pricing to suit your needs.

All product options are amortized and range over a tenor of 3 - 20 years.

Buying a Home

Why rent when you can buy? Buying a home of your choice has never been so easy. With a maximum financing limit of 70% you can easily buy a house or apartment that best fits your requirements. So go ahead and start the search for your dream home because with easy and affordable installments you need not think of renting a house when you've got UBL Address.

Building a Home

Have you ever settled for anything less than perfect? There's nothing like building your perfect home, your way. With every detail in place like the elegant French windows or the perfectly manicured lush green lawn, just the way you've always imagined. By chalking out well planned fund tranches at each phase of the building process, UBL Address brings you your dream house one step closer.

Construction

What do you do with an empty piece of land? Construct your dream house with all the aesthetic details you've ever wished for. UBL Address helps you through every stage of construction by providing you with well planned out fund tranches so that you can better manage your construction.

Floating Rate

In this option, you get a fixed rate for a period of 12 months, which gets re-priced annually. (Upward or downward, only to the extent of Kibor).

Eligibility Criteria

  • Minimum monthly income: Rs.50,000
  • Age: 23 to 65 years
  • Resident Pakistani
  • Self-employed businessman/professional or salaried individual
  • Minimum loan size: Rs. 500,000

Documentation Requirements

  • Copy Of NIC
  • Two recent Photographs each of primary as well as co-borrowers
  • Signed Lou (Letter of Understanding), which states the applicable rate at the time of booking of loan.
  • General Income Documents for Salaried and SEB/SEP are given below. However, your exact Documentation Requirement as per your specific Segment & Profession will be communicated to you by our respective ROs.

Documentation Requirements

  • Copy Of NIC
  • Two recent Photographs each of primary as well as co-borrowers
  • Signed Lou (Letter of Understanding), which states the applicable rate at the time of booking of loan.
  • Other Documents are required to substantiate the length of business
  • General Income Documents for Salaried and SEB/SEP are given below. However, your exact Documentation Requirement as per your specific Segment & Profession will be communicated to you by our respective ROs.
  • Segments Docs Required
  • Salaried
    • Employment Certificate confirming last 12 months work experience
    • Tax Document for the past 24 months
    • Current Salary Slip
    • Bank Statement for the last 12 months
  • SEB/SEP
    • Last 3 years Tax Assessment Order or Registered Partnership Deed
    • Bank Statement for the last 12 months
    • Salary Slip/Salary Certificate
    • Employment Certificate confirming last 12 months work experience
    • Tax Document for the past 24 months
    • Current Salary Slip
    • Bank Statement for the last 12 months

Markup Rates

Both Floating and Adjustable Rate Options are available. The Floating Rate Option is subject to annual revision from the time of loan booking. Any change in the mark up rate may be either upward or downward revision (if required) after every twelve (12) months from the date of the booking of the loan(upward or downward only to the extent of Kibor).

Markup rates are calculated on the basis of the prevailing one year Karachi Inter-Bank Offered Rate (KIBOR*) which is taken as the base rate. A margin that varies from one pricing option to another is charged over and above the base rate, the details of which are as follows:

  • Segments Docs Required
  • Salaried KIBOR + 3.5% = Applicable Markup Rate
  • SEB/SEP KIBOR + 4.5% = Applicable Markup Rate

The applicable markup rate will be the rate prevailing at the month of booking. This will be communicated to the applicant through the Repayment Schedule -

To know more about the applicable rates for various pricing options, please call UBL Phone Banking at 111-825-888.

* KIBOR is defined as the average rate "ask side" for one year tenure as published on Reuters Page KIBOR or as published by Financial Market Association of Pakistan in case Reuters Page in unavailable.

Penalty & Charges

  • Type of Penalty & Charges Amount & penalty %age
  • Late Fees (per installment) Rs.1000
  • Appraisal Charges Rs 5,000
  • Legal Charges Rs 5,000
  • Life Insurance Optional
  • Property Ins Complimentary
  • Processing Charges Rs 5,000 (Non refundable)
  • Partial Payoff Max 6 monthly installments. Penalty charges apply on amount exceeding Rs 50, 000 or 6 monthly installments. 8% for Year 1 5% in Year 2 3% in Year 3 & onwards

Repayments

At UBL, you are at the core of all our endeavors. That is why, keeping your convenience in mind, we are now introducing new ways for you to make payments against your UBL Address loan. You can choose from a variety of convenient channels for making payments, all of which allow you to save time and cost.

Drop Box Facility

UBL Drop Box Facility at our branches offers a hassle free and secure cheque deposit system which gives you the opportunity to pay your UBL Address repayments on time, without standing in long queues.

  • Make cross cheque payable to UBL Address"
  • Write your loan number and name at the back of the cheque
  • Drop the envelope containing your cheque in the UBL drop box placed at a branch near you

Please drop your cheque at least 3 days prior to your repayment due date in order to provide cushion for cheque clearing.

Internet Banking

UBL netbanking will give you the opportunity to conveniently pay your bills on time, through the internet. Repayments through netbanking are simple, fast and convenient.

Simply log on to your netbanking account. In case, you still haven't signed up for netbanking, please visit our website: www.ubl.com.pk/ebank to sign up. Click on "GETTING STARTED" and follow the instructions.

Once logged in:

  • Click on "PAY BILLS & DONATIONS"
  • Click on "ADD UBL BILLS"
  • In "Bill Type" select "Address" from the drop down box
  • Enter your 8 digit loan number (e.g. 00000123) without the "MTG" prefix
  • Once your "UBL Address" bill id has been added to the list you can make repayments every month

Please note that from October 1, 2006 onwards, a fee of Rs.200 would be charged on all counter cash repayments of consumer loans at our branches.

Target Cities (Property Locations)

The property offered for mortgage must be located in a targeted area of any of the following cities:

  • Karachi
  • Lahore
  • Islamabad
  • Rawalpindi
  • Faisalabad

Please note that all branches in the above cities can be contacted for UBL Address.