No doubt it’s become much easier to get house loan in Pakistan and anyone can get the house loan in Pakistan. If you have your own business or working in any industry, you can apply for house loan. As bank always prefer to pay loan to people those are well settled and they can pay them back a handsome amount on month basis. Do not apply for any bank loan without reading this complete article. Because this article will help you a lot to learn more and more about bank loan in Pakistan.
Across the world all the banks pay loan to obligors/customer those are looking for bank loan. All the banks working for profit and not only the banks make money from these customers, government of each country also make money from customers/some of the percentage always there for government.
If you have some sort of settled business or have well settled job you can apply for bank loan. Keep in mind low return become much difficult for everyone to complete/return the bank loan. Do not get bank loan if you don’t have enough money to pay back to bank, following calculations will help you to pay back to banks without major loss.
If someone get loan from bank for whatever the purpose PKR 1,000,000 for seven years on 22% interest rate as its usual here in Pakistan. Personal will pay extra amount PKR 1,199,168. Personal who take loan will return PKR 2,199,168 against PKR 1,000,000. Now you can understand what you should do and what should you think before taken any bank loan. For this purpose team Jobs in Pakistan will update you time by time but for now these details are enough for you to understand the basics of the bank loan. Do not forget to use bank loan calculator before applying for any bank loan – because most of the people do not know much about these things and they get the bank loan and after all they are unable to return the bank loan.
There are several benefits of house loan in Pakistan – major benefit of house loan is you have your own house and all the house rent goes to your own pocket nothing more than this help you but there are several disadvantages of house loan as mentioned below.
There are thousands disadvantages of bank house loan – some of the major bank house loan disadvantages are mentioned below.
It is not recommended for people those are unable to return less than PKR 100,000 per month – if you have such enough resources then you should wait for some time and then use it for this purpose do not go with any of the bank. As this article is not to motivate you to leave the bank facilities but still we are not recommending to get bank loan.
If you are working in any of the industry which one is not stable and you do not know that how much time you will survive with such organization. Keep in mind do not get any house loan from bank. Because not a single bank across the world pay loan without proper collateral or recovery plan. So, whenever you fall in any trouble they will recover your amount by selling your property or things those you have, so always make right decisions.
| Year(s) | Bank Loan | Interest (%) | Annual Charges | Total Payment | Monthly Instalment | Annaul Payment | Remaining Amount |
| 1st Year | 1000000 | 22 | 220000 | 1220000 | 25000 | 300000 | 920000 |
| 2nd Year | 920000 | 22 | 202400 | 1122400 | 25000 | 300000 | 822400 |
| 3rd Year | 822400 | 22 | 180928 | 1003328 | 25000 | 300000 | 703328 |
| 4th Year | 703328 | 22 | 154732 | 858060 | 25000 | 300000 | 558060 |
| 5th Year | 558060 | 22 | 122773 | 680833 | 25000 | 300000 | 380833 |
| 6th Year | 380833 | 22 | 83783 | 464617 | 25000 | 300000 | 164617 |
| 7th Year | 164617 | 22 | 36216 | 200832 | 25000 | 399168 | 0 |
Find easy simple and attractive data input jobs work from home without investment and without any consultation fee / charges. Let’s start career with work from home to start data input jobs work from home across the world. For the same purpose team work from home already publish thousands of US based data input jobs so that everyone can find latest remote jobs.
This platform will help you to search out the world top class Quran academies those offer best Remote Quran Teaching Jobs with highest pay scale. Don’t miss this great opportunity to start your career as remote Quran teacher with world Quran academies, as well you can find the contact numbers without paying to anyone to start your career in this modern age with zero investment.
Find Online Jobs in Pakistan: All cities of To find Quran Students contact numbers just hit to reached to right place to find best student's contact numbers. This website is designed for people those are looking for remote Quran students across the world. This platform help teachers those are looking for students and they want to make money online without investment.
Work from home is the world unique platform where from you can find part-time flexible remote positions without paying to anyone. If you are interested to find the right opportunities without paying to anyone don’t waste your time and efforts. Explore this platform as already we publish thousands of remote flexible jobs for our valued visitors. If already you spend time with this platform and still unable to get the opportunities, don’t hesitate to connect with our professionals team for the same purpose.
Join latest remote jobs for customer services from developed organizations, almost developed organizations now hire resources those can manage their work remotely. You will find number of customer services remote jobs on this platform – keep in mind all services of work from home are free.
This platform would be helpful for students, learners and for professionals to get latest updates and to learn all related to tools and technology. Our professional team collect information from multiple sources and process them so that everyone can easily understand all information. So, don’t forget to explore complete platforms, we believe it would be great for you and it would be helpful while working in field. It is recommended for students and for females those are looking for part time opportunities anywhere in the world. Team work from home collect information from multiple sources and publish it so that our valued visitors easy get remote jobs and most updated and relevant information.
To become professional data entry specialist this is the right platform where from you can learn that how to choose data entry field and to find the right remote data entry specialist jobs. Might be there is any other platform across the world you can found all facilities as work from home offer without any charges. Our professional team always available to support individuals by offering free trainings, learning material and bundle of latest remote data entry specialist jobs. Keep in mind professional data entry specialist can earn $150 to $250 on daily basis, so why not to become professional in same field to earn thousands of dollar on monthly basis.