Mera Pakistan Mera Ghar

01

Apply Here

Perfectly simple & easy to distinguish of choice is prevents.

02

Get Call Back

Claims off duty or the obligations it will pleasures be repudiated.

03

Process Your Request

Demoralized by charms pleasure of the they cannot and trouble.

Eligibility Criteria

Eligibility Criteria

  • All men/women holding valid CNIC.
  • First time home owner (not already holding any residential property).
  • One individual can have subsidized house finance facility under this scheme only once..

Security Requirements

  • As per banks’ credit policy and prudential regulations for housing finance, the housing unit financed will be mortgaged in favor of financing bank.

Tier of the Scheme

Tier of the Scheme

  • Financing under Tier 0 is available through Microfinance Banks for financing of housing units under non-NAPHDA projects.
  • Financing under Tier 1 is available through banks for financing under NAPHDA projects.
  • Financing under Tier 2 and Tier 3 is available through banks for financing of housing units under non-NAPHDA projects.

Size and Age of Housing Units

Tier 1

  • House upto 125 sq yds (5 Marla) and
  • Flat/apartment with maximum covered area of 1,250 sq ft.

Tier 2

  • House upto 125 sq yds (5 Marla) with maximum covered area of 850 sq ft and
  • Flat/apartment with maximum covered area of 850 sq ft.

Tier 3

  • House upto 125 sq yds (5 Marla) with maximum covered area of 850 sq ft and
  • Flat/apartment with maximum covered area of 850 sq ft..

Tier 4

  • House upto 250 sq yds (10 Marla) and
  • Flat/apartment with maximum covered area of 2,000 sq ft.

Age of Housing Units

  • Newly constructed housing units during last one year from the date of application. However, this requirement will not be applicable till March 31, 2023 under Tier 0, Tier 2 and Tier 3.

Price of Housing Units

Maximum Price of Housing Units

Maximum Price (Market Value) of a single housing unit at the time of approval of financing, as under:

  • Tier 1 (T1) - Rs 3.5 million.
  • Tier 2 (T2) and Tier 3 (T3) - No cap.

Maximum finance Size

Maximum size of the finance of a single housing unit, as under:

  • Tier 0 (T0) - Rs 2.0 million.
  • Tier 1 (T1) - Rs 2.7 million.
  • Tier 2 (T2) - Rs 6.0 million.
  • Tier 3 (T3) - Rs 10.0 million.

Required Documents

For Formal Sector Employees

  • Original / Copy finance Application Form (LAF) along with CF Undertaking (As per State Bank of Pakistan).
  • Original Product Disclosure Sheet.
  • Copy of Valid CNIC of applicant & Co-partner (where applicable)
  • Copy of Original 2 passport size color Photographs of applicant & Co-partner (where applicable).
  • Original Undertaking for first time homeowner.
  • Copy of Title Document of the property to be mortgaged.
  • Original Direct Debit Authority (DDA) & Employer’s certificate mentioning that payroll account maintenance shall continue with the lending Bank (where applicable).
  • Original / Copy of Employment Proof (along with length of employment) for example:.
  • Employment letter or.
  • Employment Certificate or.
  • Any valid documentary evidence from employer.
  • Income Proof document (salary breakup and deductions to be clearly mentioned) for example:
  • Current Salary Slip
  • Salary Certificate.

Note:

  • Maximum of 60 days old salary slip may be accepted.
  • Online / e-salary slips are acceptable with positive verification.
  • Original salary slip / e-slip does not require stamp or sign..

For Salaried Segment

  • Original / Copy finance Application Form (LAF) along with CF Undertaking (As per State Bank of Pakistan).
  • Original Product Disclosure Sheet.
  • Copy of Valid CNIC of applicant & Co-partner (where applicable).
  • Original 2 passport size color Photographs of applicant & Co-.partner (where applicable)
  • Original Undertaking for first time homeowner.
  • Copy of Title Document of the property to be mortgaged.
  • Original Direct Debit Authority (DDA) & Employer’s certificate mentioning that payroll account maintenance shall continue with the lending Bank (where applicable).

For In-Formal Sector Employees

  • Original / Copy finance Application Form (LAF) along with CF Undertaking (As per State Bank of Pakistan).
  • Original Product Disclosure Sheet.
  • Copy of Valid CNIC of applicant & Co-partner (where applicable).
  • Copy of Original 2 passport size color Photographs of applicant & Co-partner (where applicable).
  • Original Undertaking for first time homeowner.
  • Copy of Title Document of the property to be mortgaged.
  • Original Direct Debit Authority (DDA) & Employer’s certificate mentioning that payroll account maintenance shall continue with the lending Bank (where applicable).

In case customer is employed in informal sector, one of the following documents shall be required to assess customer based on proxy income or repayment surrogates, for example:

  • Copy of Rent Agreemen.
  • Original Rent Payment declaration.
  • Copy of Utility Bills.
  • Copy of School Fee Challan.
  • Copy of Any other valid expense document (as per defined Income proxy)

For Self Employed Personals

  • Original Finance Application Form (FAF) along with CF Undertaking (As per State Bank of Pakistan).
  • Original Product Disclosure Sheet.
  • Copy of Valid CNIC of applicant & Co-partner (where applicable).
  • Copy ofOriginal 2 passport size color Photographs of applicant & Co-partner (where applicable). Valid CNIC of applicant & Co-partner (where applicable).
  • Original Undertaking for first time homeowner.
  • Copy of Title Document of the property to be mortgaged.
  • Original Direct Debit Authority (DDA) & Employer’s certificate mentioning that payroll account maintenance shall continue with the lending Bank (where applicable).

For Formal Sector Self Employed

  • Original Finance Application Form (FAF) along with CF Undertaking (As per State Bank of Pakistan).
  • Original Product Disclosure Sheet.
  • Copy of Valid CNIC of both applicant & Co-partner (where applicable).
  • Copy of Original 2 passport size color Photographs of applicant & Co-partner (where applicable).
  • Original Undertaking for first time homeowner.
  • Copy of Title Document of the property to be mortgaged.
  • Original Direct Debit Authority (DDA)
  • Proof of Business (stating ownership and length of business) for example:
  • Copy of Partnership Deed.
  • Copy of Bank Certificate for Sole Proprietor / Partnership.
  • Copy of NTN Certificate.
  • Copy of Rent agreement of office.
  • Copy of Professional Degree / Diploma &/OR Valid Membership of applicable Professional body.
  • Original / copy of Any other valid acceptable business document verifiable from authority fulfilling minimum business tenor requirement.
  • Original Income assessment document.
  • Original - Account Maintenance Letter along with last 6 months Bank Statement.

Note:

  • Maximum of 60 days Bank statement may be accepted.
  • Original Bank statement with bank stamp.

For In-Formal Sector Employees

  • Original / Copy finance Application Form (LAF) along with CF Undertaking (As per State Bank of Pakistan).
  • Original Product Disclosure Sheet.
  • Copy of Valid CNIC of applicant & Co-partner (where applicable).
  • Copy of Original 2 passport size color Photographs of applicant & Co-partner (where applicable).
  • Original Undertaking for first time homeowner.
  • Copy of Title Document of the property to be mortgaged.
  • Original Direct Debit Authority (DDA).

In case customer is employed in informal sector, one of the following documents shall be required to assess customer based on proxy income or repayment surrogates, for example:

  • Copy of Rent Agreement.
  • Original Rent Payment declaration.
  • Copy of Utility Bills.
  • Copy of School Fee Challan.
  • Copy of Any other valid expense document (as per defined Income proxy).

Documents for Bank’s Internal Use:

  • Original Income Estimation / Repayment calculation sheet as per applicable proxy / surrogate.
  • Original Bureau Reports.
  • Original Residence / Workplace / Document Verification Report including collateral verification.
  • World Check & NACTA Checks.
  • Original NADRA Verysis.
  • Original Property Appraisal Report.
  • Original Preliminary Legal Opinion.
  • Original Final Legal Opinion.

Pricing and Tenure

Pricing

Finance Tiers

  • Tier 0
  • Tier 1
  • Tier 2
  • Tier 3

Customer pricing

  • 5% for first 5 years & 7% for next 5 years
  • 3% for first 5 years & 5% for next 5 years
  • 5% for first 5 years & 7% for next 5 years
  • 7% for first 5 years & 9% for next 5 years

Pricing for period exceeding 10 years; 1-year KIBOR plus 3% p.a.

Finance Tenure

  • Minimum 5 years and maximum 20 years finance Tenure, depending upon choice of customers

Corporate Partnership With

Loan Payment Calculator: Check Your Monthly or Yearly Payment

Calculate Here