To own home is no more dream. The Government of Pakistan has introduced a Markup subsidy and Risk sharing scheme “MERA GHAR MERA ASHIANA”.
Target Market
- Salaried
- Self Employed Professional
- Self Employed Business Individuals
Scope
- Purchase of house/flat
- Construction of house on already owned plot
- Purchase of plot and construction of house
SIZE OF HOUSING UNIT
House of up to 5 Marla
Flat/Apartment of up to 1360 sq. ft. area
MAXIMUM LOAN SIZE
T1 = Up to PKR 2.0 million
T2 = Above PKR 2.0 Million and up to PKR 3.5
Million
MAXIMUM LOAN TENOR
20 years (subsidy for 10 years)
BANK PRICING
One Year KIBOR + 3%
CUSTOMER/END USER FIXED PRICING
Tier 1: 5%
Tier 2: 8%
BANK CHARGES
No processing cost
No prepayment penalty
LOAN TO VALUE (LTV) RATIO
90: 10 (90% loan & 10% equity)
RISK COVERAGE
10% of the outstanding portfolio under the scheme on first loss basis.
HOW TO APPLY
All FWBL Branches
* Terms and Conditions apply
REQUIRED DOCUMENTS
BASIC REQUIREMENTS
FOR SALARIED INDIVIDUALS
- Loan Application Form
- Valid CNIC
- Clean credit history
- Salary Slips of attested salary certificates for the last three months
- Bank statement for 6 months
- Copy of property documents
BASIC REQUIREMENTS FOR SELF-EMPLOYED BUSINESS PERSONS/PROFESSIONALS
- Loan Application Form
- Valid CNIC
- Clean credit history
- Two recent passport-size photographs
- Proof of occupation or business
- Bank statement for the last 12 months
- NTN/Tax returns
- Copy of property document
- First time homeowners’ citizens of Pakistan holding CNICs.
- Not owning any housing unit in their name
Your monthly
installments will be just
installments will be just
PKR
750
Pricing (%)
