Product Description

Mera Pakistan Mera Ghar, in line with the Government of Pakistan’s vision to cater to the housing needs of low-income groups, seeks to facilitate any one of the following purposes:

  1. Purchase of House / Flat / Apartment
  2. Construction of House on already owned Plot
  3. Purchase of Plot and Construction of House
  4. Additional Construction on existing House

Loan Eligibility Criteria

  • Businessman (Formal/Informal) / Salaried Class
  • Household annual income less than Rs. 1,500,000/- (Net of business expenses)
  • Age between 25-59 years (Max. 64 Years & 8 Months at the time of Maturity of Loan)
  • Businessman / SEP: Experience of minimum of 2 Years required
  • Salaried: Minimum 02 years regular/confirmed employee with current organization and 05 years overall experience
  • Holding valid CNIC/SNIC
  • Not defaulter of any financial institutions & Public Utilities.
  • Residing or working in launching cities for at least 1 year in case of owned residence or Min. 02 years
  • Business location should be 02 years older in same city from finance being applied

Size of Housing Unit

  • House up to 125 Sq. yds (05 Marla)
  • Flat / Apartment with maximum covered area of 1,250 Sq. feet.

Loan Amount

Rs. 1,000,000/- to Rs. 2,000,000/-

Loan Tenure

Minimum 5 Years and Maximum 20 years

Basic Documentations

  • Valid Computerized National Identity Card (CNIC/SNIC)
  •  Valid and Clean eCIB and NADRA Verisys
  • 1 recent passport size photograph of the Customer
  • Proof of running business place for businessman (Formal / Informal)
  • Proof of the property to be mortgaged/property documents.
  • Legal Opinion
  • Valuation Report from PBA approved Valuator
  • 03 Salary Slips, Job Certificate on letter head in case of salaried person
  • Bank Statement for last six months in case of Businessman and Salaried Class
  • Undertaking regarding first time home owner
  • Consent form for Telco Data

Security

  • Mortgage of Property to be financed

Insurance

  • Free Credit Life Insurance – Applicable on permanent disability and death of borrower
  • Customer paid Insurance of Financed House.

Pricing

  • 5% for first 5 Years
  • 7% for next 5 Years
  • As per SOC for the last 10 Years (at the time of loan disbursement)

Note: 

*Terms & conditions applicable.

mera pakistan mera ghar

Products & Services

Whether you have small business, repaying your loans or sharing the gift of life. We take care of all!..
چاہے آپ کے پاس چھوٹے کاروبار ہیں، اپنے قرضے کی ادائیگی یا اشتراک کرنا زندگی کا تحفہ ہو. ہم سب کی دیکھ بھال کرتے ہیں ..

 

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