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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.

Home Finance

Please fill in the following information for an estimation of your repayment amount. The Approximate Monthly Repayment figure for Homer Finance is indicative and is not meant to be final or binding on the Bank. The Bank reserves the right to determine the final rental rate in accordance with applicable laws and amount that can be financed.

House ValuePlease enter an amount between BWP 100,000 and BWP 5,000,000

      Please enter a duration between 1 year and 25 years only.

      Bank Share

      Financing Years

      %
      years

      Please enter a duration between 3 years and 6 years only.

      Finance Amount Takaful Payment Monthly Payment
      1,400,000 50 13,975
      Total Monthly Payment 14,025
      rental rate 5%

      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 3% for first 5 years &
      5% for next 5 years
      KIBOR+250 BPS for period exceeding 10 years
      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

      • Copy of Valid CNIC
      • Salary Slip/ Bank Statement
      • Employment Letter

      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 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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