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. |
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| 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. |
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| 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. |
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| Land
Plus 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. |
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| 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). |
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| Eligibility
Criteria |
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Minimum monthly income:
Rs.50,000 |
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Age: 23 to 65 years |
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Resident Pakistani |
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Self-employed businessman/professional
or salaried individual |
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Minimum loan size: Rs. 500,000 |
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| Documentation
Requirements |
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Copy Of NIC |
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Two recent Photographs each of
primary as well as co-borrowers |
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Signed Lou (Letter of Understanding),
which states the applicable rate at the time of
booking of loan. |
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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. |
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| Segments |
Docs
Required |
| Salaried |
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Employment
Certificate confirming last 12
months work experience |
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Tax Document
for the past 24 months |
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Current Salary
Slip |
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Bank Statement
for the last 12 months |
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| SEB/SEP |
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Last
3 years Tax Assessment Order or
Registered Partnership Deed |
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Bank Statement
for the last 12 months |
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Salary Slip/Salary
Certificate |
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Other Documents are required to
substantiate the length of business |
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| 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 |
Pricing |
| 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. |
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| Penalty & Charges |
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| 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 |
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| 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. |
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| Drop Box Facility |
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| 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. |
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Make cross cheque payable
to UBL Address” |
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Write your loan number and name
at the back of the cheque |
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Drop the envelope containing your
cheque in the UBL drop box placed at a branch near
you |
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| Please drop your cheque at least 3 days
prior to your repayment due date in order to provide cushion
for cheque clearing. |
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| Internet Banking |
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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: |
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Click on “PAY
BILLS & DONATIONS” |
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Click on “ADD UBL BILLS” |
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In “Bill Type” select
“Address” from the drop down box |
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Enter your 8 digit loan number
(e.g. 00000123) without the “MTG” prefix |
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Once your “UBL Address”
bill id has been added to the list you can make
repayments every month |
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| 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. |
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| Target Cities (Property Locations) |
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The property offered for mortgage must be located in a targeted area of any of the following cities:
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Karachi |
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Lahore |
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Islamabad |
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Rawalpindi |
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Faisalabad |
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| Please note that all branches in the above cities can be contacted for UBL Address. |
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