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Government Markup Subsidy Scheme (GMSS)

Government Markup Subsidy Scheme upto PKR 2,000,000

NRSP Microfinance Bank offers individual Low-Cost Housing Loan under Government of Pakistan Mark-up Subsidy Scheme. It provides convenient and affordable financing scheme for the purchase, construction and extension/expansion of houses and apartments.

Product Features

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)

Details of Housing Area   

  • House upto 125 SY (upto 5 Marla House)
  • Flat/Apartment upto covered area of upto 1250 sq.ft.
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