Tool
Home Loan Calculator Pakistan
Enter the price of the house or flat and your pay. See the monthly instalment at each bank, cheapest first, and what the government's Apna Ghar scheme would cost you instead. SBP's 2026 housing rules are built in.
Cheapest bank, monthly instalment
Rs 129,187
MCB Bank, 15.39% variable, over 20 years
- Loan you are asking for
- Rs 9,600,000
- Most you can pay a month under SBP's 65% limit
- Rs 162,500
SBP lets all your loan instalments together reach 65% of take-home pay. Banks can be stricter: Bank AL Habib uses 50%. A bank also checks age, job history and the property itself.
Apna Ghar scheme: 5% for 10 years
The government's Apna Ghar programme lends first-time buyers up to Rs 10,000,000 at a fixed 5% for the first 10 years. After that the bank charges 1-year KIBOR + 3%. Longest loan 20 years, 10% down, no processing fee and no penalty for paying early.
- Monthly, years 1 to 10 at 5% fixed
- Rs 63,356
- Still owed after year 10
- Rs 5,973,266
- Monthly from year 11, estimate at today's KIBOR + 3% (15.68%)
- Rs 98,872
- Total markup over the loan (estimate)
- Rs 9,867,343
The instalment fits within 65% of your pay, after your existing loans.
The year 11 figure is only an estimate. Nobody knows what KIBOR will be in ten years, and the instalment will move with it.
| Bank | Rate used | Monthly | Total markup | Share of pay |
|---|---|---|---|---|
| MCB BankMCB Home Loan, conventionalCheapest conventional | 15.39% variable6-month KIBOR 12.39% + 3%Variable, changes when KIBOR changes | Rs 129,18720 years | Rs 21,404,830 | 52%Fits the 65% limit |
| Meezan BankEasy Home, IslamicCheapest Islamic | 15.68% variable1-year KIBOR 12.68% + 3%Variable, changes when KIBOR changesNeeds at least 25% down (Rs 3,000,000), so we used that. | Rs 123,05720 years | Rs 20,533,763 | 49%Fits the 65% limit |
| Bank AlfalahAlfalah Home Finance, conventional | 15.68% variable1-year KIBOR 12.68% + 3%Variable, changes when KIBOR changes | Rs 131,26120 years | Rs 21,902,680 | 53%Fits the 65% limit |
| Bank AL HabibAL Habib Housing Finance, conventional | 15.68% variable1-year KIBOR 12.68% + 3%Variable, changes when KIBOR changes | Rs 131,26120 years | Rs 21,902,680 | 53%Over the 50% limit |
| HBFCGhar Sahulat Scheme, conventional | 15.68% variable1-year KIBOR 12.68% + 3%Variable, changes when KIBOR changes | Rs 131,26120 years | Rs 21,902,680 | 53%Fits the 65% limit |
| Allied Bank IslamicAllied Aitebar Home Musharakah, Islamic | 16.18% variable1-year KIBOR 12.68% + 3.5%Variable, changes when KIBOR changes | Rs 134,85920 years | Rs 22,766,079 | 54%Fits the 65% limit |
| JS BankJS GharApna, conventional | 16.93% variable1-year KIBOR 12.68% + up to 4.25%Variable, changes when KIBOR changesPublished range starts at KIBOR + 3% | Rs 140,30220 years | Rs 24,072,493 | 56%Fits the 65% limit |
| Allied BankAllied Home Finance, conventional | 17.68% variable1-year KIBOR 12.68% + up to 5%Variable, changes when KIBOR changesPublished range starts at KIBOR + 1.75%Needs at least 25% down (Rs 3,000,000), so we used that. | Rs 136,68620 years | Rs 23,804,554 | 55%Fits the 65% limit |
Ranked by the instalment on your own down payment and loan length, so the order shows which rate is cheapest. Where a bank needs more down or a shorter loan, its row shows the figures on the bank's terms.
Rate not published, ask the bank
- Bank Alfalah Islamic, Islamic Home Musharakah. Profit rate not published. Finances up to 80%.
- Dubai Islamic Bank, Dubai Islamic Home Finance. Margin over KIBOR not published. Finances up to 70%. Free property takaful.
- UBL, UBL Address. Linked to 1-year KIBOR, spread not stated. Free property insurance.
- BankIslami, Muskun Housing Finance. Only the charges are published. Profit rate not found.
- HBL: its Loans page no longer lists a home loan for residents.
- Faysal Bank: its site blocked our reader, so nothing could be read.
Rates were read from each bank's own page on 6 October 2026. 1-year KIBOR is 12.68% and 6-month KIBOR 12.39% (SBP, 5 October 2026). Variable rates are shown at today's KIBOR and reset, usually once a year. Your final rate depends on the bank's approval. Processing, valuation, legal and insurance charges follow each bank's schedule of charges and are not included.
How we worked out these numbers
We read each bank's home finance page on 6 October 2026. Almost every home loan in Pakistan is KIBOR plus a spread, so we added each bank's published spread to KIBOR on SBP's site: 12.68% for 1 year, 12.39% for 6 months (MCB uses the 6-month rate). 8 products have a spread we could read and are compared.
Where a bank prints only a range and does not say who gets which rate (Allied Bank and JS Bank), we used the top of the range, so the instalment shown is the most you should expect. Where a bank needs a bigger down payment or a shorter loan than you entered, we used the bank's figure and said so in the row.
A variable rate resets, usually every year. Over 20 years KIBOR will move a lot, so the instalment shown is for the first year, not a promise for the whole loan.
Frequently asked questions
How much down payment do I need for a home loan in Pakistan?
SBP allows banks to finance up to 90% of the property, so the legal minimum is 10%. Most banks ask for more on their own products: 15% at HBFC, 20% at Bank Alfalah and JS Bank, 25% at Meezan and Allied. The Apna Ghar scheme needs 10%.
How long can a home loan run?
SBP allows up to 30 years since its 2026 housing rules. Most bank products we checked stop at 25 years, HBFC at 20. Apna Ghar loans run up to 20 years.
How much of my salary can go to the home loan instalment?
Under SBP's 2026 rules, all your loan instalments together can be up to 65% of your take-home pay, including car loans and cards. Banks can set a tighter limit. Bank AL Habib, for example, uses 50%.
Who can get an Apna Ghar loan?
Pakistani citizens with a CNIC who do not already own a house or flat. The home can be a house up to 10 Marla or a flat up to 1,500 sq ft. The loan is up to Rs 10,000,000 at 5% for the first 10 years. Bank staff are not eligible.
What happens to the Apna Ghar rate after 10 years?
The subsidy ends and the bank charges 1-year KIBOR + 3% on what you still owe. We estimate that payment at today's KIBOR, but KIBOR in ten years could be higher or lower, so treat it as a rough guide.
Is an Islamic home loan cheaper?
Not automatically. Islamic banks use Diminishing Musharakah, where you buy the bank's share bit by bit and pay rent on the rest, but the rent is still priced off KIBOR. Meezan's Easy Home, for example, is KIBOR + 3% for salaried people, the same spread as several conventional loans.
Before you apply
Based on SBP's Prudential Regulations for Housing Finance 2026 (SH&SFD Circular 04 of 2026), SBP's Apna Ghar circulars of 2025 and 2026, and bank pages read on 6 October 2026. Estimates only. Your final rate depends on the bank's approval, KIBOR resets, and fees follow each bank's schedule of charges. Pakistan Era is not affiliated with any bank or with the Apna Ghar programme.