Eligibility Criteria    

• All Pakistani Citizens holding valid CNIC
• The subsidized scheme is for first time home owner
• The facility can be availed only once by and individual

Purpose of Credit

• Housing loans can be given for structural improvement (expansion / extension), new construction, or purchase
• Structural Improvements are incremental expansion or extension in the existing home, as long as the total area does not exceed the limits mentioned above
• New Construction includes construction of housing structure on plot, completion of a new structure etc.
• Purchase includes purchase of home or housing unit

Features

• Financing for construction and first purchase of newly
• constructed affordable housing
• Financing Limit up to 2Million (20 lac (
• Tenure: 5 to 20 Years (depending upon choice of customer)
• * Rate of Interest
  • Fixed @ 5% per annum for 1st 5 Years.
  • Fixed @ 7% per annum for next 5 Years.
  • After 10 Years interest rate will be charged as per bank policy which will be charged from the customer.

Loan Repayment

Equal Monthly Instalments

Insurance

• Asset Insurance (bear by bank)
• Free Credit Life Insurance

Details of Housing Area

• House Upto 125 SY ( Upto 5 Marla House)
• Flat Appartment Upto covered area upto 1250 Sq.Ft