Mera Pakistan Mera Ghar
Low-Cost Housing Finance Scheme under the Prime Minister’s Vision
Eligibility Criteria:
- All Pakistani nationals holding valid CNIC
- The customer must not own any residential housing unit / apartment and will be first time home owner
- Facility will be available for only once to an individual.
- Facility will be for construction and first purchase of newly constructed affordable housing unit.
Financing Limit:
Tier I | Up to PKR 2,700,000/- |
Tier II | Up to PKR 3,000,000/- |
Tier III | Up to PKR 5,000,000/- |
Monthly Income:
Minimum | Maximum |
---|---|
|
|
Income Clubbing:
- As per prevalent policy applicable for borrower, co-borrower and guarantor
Financing Tenor:
- 10-20 Years (depending upon choice of the customer)
Loan To Value Ratio (LTV):
- Up to 85 : 15
Pricing:
Tier I & Tier II |
|
Tier III |
|
Collateral Specification:
Tier I | Housing units / apartments of up to 125 SY (up to 05 Marla) with covered area of up to 850 SF and priced (market value) at maximum of Rs. 3.50 Mn (built under NAPHDA projects). |
Tier II | Housing units / apartments of up to 125 SY (05 Marla) with covered area of up to 850 SF and priced (market value) at maximum of Rs. 3.50 Mn. |
Tier III | Housing units of more than 125 SY up to 250 SY (10 Marla) or apartments with covered area from more than 850 SF to 1100 SF and priced (market value) at maximum of Rs. 6.00 Mn. |
Last updated on: 12 Feb, 2021