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FOR INDIVIDUAL

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Benefits

Government Subsidy Scheme Features

misc protection

Tier 1 (NAPHDA), Tier 2 & Tier 3 (Non-NAPHDA).

building home

PKR 3.5M for Tier1 and no cap for Tier 2 &3.

time flexible tenure

Ranging between 5-20 years.

money other cash

Ranging from PKR 6.0M to PKR 10.0M.

Product Offering Details
TIER 1 (NAPHDA)
TIER 2 (NON-NAPHDA)
TIER 3 (NON-NAPHDA)
Size of Housing Units a) House up to 125 sq yds (5 Marla) with maximum covered area of up to 850 sq ft.
b) Flat/apartment with maximum covered area of 850 sq ft.		 a) House up to 125 sq yds (5 Marla)
b) Flat/apartment with maximum covered area of 1,250 sq ft		 a) House up to 250 sq yds (10 Marla
b) Flat/apartment with maximum covered area of 2,000 sq ft
Maximum Price of Housing Units Rs 3.5 million No Cap
Maximum Financing Rs 2.7 million Rs 6.0 million Rs 10.0 million
Pricing 1 to 5 years – 2%
6 to 10 years – 4%
11 to 15 years – 5%
Period Exceeding 15 years – KIBOR + 250 BPS		 5% for first 5 years &
7% for next 5 years
KIBOR+400 BPS for period exceeding 10 years		 7% for first 5 years &
9% for next 5 years
KIBOR+400 BPS for period exceeding 10 years
Financing tenor Minimum 5 years and maximum 20 years

Application Eligitbiliy

  • All men/women holding CNIC.
  • First time home owner.
  • One individual can have subsidized house finance facility under this scheme only once.

Documents required

Circular on Government Subsidy Scheme for Housing Finance

FAQs – Subsidy Scheme for Housing Finance

Links for all provincial housing societies/schemes/projects.

Eligitbiliy Citeria:

  1. All men/women holding CNIC.
  2. First time homeowner.
  3. One individual can have subsidized house Finance facility under this scheme only once.

Tier 1 = Housing Units/apartments of up to 125 square yards (5 Marla) with maximum covered area of up to 850 square feet

Tier 2 = House up to 125 sq yds (5 Marla) or flat/apartment with maximum covered area of 1,250 sq ft

Tier 3 = House up to 250 sq yds (10 Marla) or flat/apartment with maximum covered area of 2,000 sq ft

  • Housing Units/apartments of up to 125 square yards (5 Marla) with maximum covered area of up to 850 square feet:  PKR 3.5 Mn
  • No cap on Tier 2 and Tier 3
  • Housing Units/apartments of up to 125 square yards (5 Marla) with maximum covered area of up to 850 square feet:  PKR 2.7 Mn
  • House up to 125 sq yds (5 Marla) or flat/apartment with maximum covered area of 1,250 sq ft: PKR 6.0 Mn
  • House up to 250 sq yds (10 Marla) or flat/apartment with maximum covered area of 2,000 sq ft: PKR 10.0Mn
  • Housing Units/apartments of up to 125 square yards (5 Marla) with covered area of up to 850 square feet:

3% for first 5 years, 5% for next 5 years and market pricing will be applicable for the period exceeding 10 years

  • House up to 125 sq yds (5 Marla) or flat/apartment with maximum covered area of 1,250 sq ft: 

5% for first 5 years, 7% for next 5 years and market pricing will be applicable for the period exceeding 10 years

  • House up to 250 sq yds (10 Marla) or flat/apartment with maximum covered area of 2,000 sq ft

7% for first 5 years, 9% for next 5 years and market pricing will be applicable for the period exceeding 10 years

Min 5 to Max 20 years

Client can apply through our form updated on website or visit any branch nearby.

The KIBOR used for pricing will be One Year KIBOR, to be reset every year.

Facility can be terminated/paid‐off by borrower at any point in time. Further, financing banks will not charge any prepayment penalty in case of early repayment by the borrower.

Homeowner will not be allowed to sell the housing unit minimum before expiry of 5 years from the date of acquisition and until bank financing has been settled. Further, during this period, he/she will not be allowed to rent out financed housing unit.

The underlying Islamic mode of this housing program is Diminishing Musharaka. Diminishing Musharakah (Shirkat ul Milk) is a form of co-ownership in which Bank and customer will share in the joint ownership of a tangible asset (e.g. house) in an agreed proportion. It is agreed that one of the co-owners (customer) will purchase, in periodic instalments, the share of the other co-owner (Bank) until the ownership of that tangible asset is completely transferred to the purchasing co-owner (customer). Furthermore, along with the purchase of share, the co-owner (customer) will also make agreed periodic payments (rent) for the usage of other co-owner’s share (Bank) in the asset, till ownership of the asset is completely transferred to the customer.

Mera Pakistan Mera Ghar Program Government’s Subsidy Scheme for Low and Medium cost Housing Finance.

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