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FOR INDIVIDUAL

For Companies

Benefits

Government Subsidy Scheme Features

misc protection

Tier 1 and Tier 2

building home

No Cap

time flexible tenure

Up to 20 Years

money other cash

Up to PKR 3.5 million

Product Offering Details
TIER 1
TIER 2
Size of Housing Units a) House of up to 5 Marla

b) Flat/Apartment of up to 1360 sq. ft. area
Maximum Financing Up to PKR 2.0 million Above PKR 2.0 million and up to PKR 3.5 million
Pricing 5% for first 10 years

1-year KIBOR+300 BPS for period exceeding 10 years

 8% for first 10 years

1-year KIBOR+300 BPS for period exceeding 10 years
Financing tenor Maximum Up to 20 years
Bank Charges No processing cost

No prepayment penalty

Application Eligibility

  • All individuals holding CNIC.
  • Not owning any housing unit in their name.
  • Cities: Karachi, Lahore, Islamabad/Rawalpindi
  • Income: PKR 50,000

Documents Required

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

Eligibility Citeria:

  • First time homeowners’ citizens of Pakistan holding CNICs
  • Not owning any housing unit in their name.
  • House of up to 5 Marla
  • Flat/Apartment of up to 1360 sq. ft. area

No maximum cap.

  • For Tier 1, Up to PKR 2 million.
  • For Tier 2, Above PKR 2 million and up to PKR 3.5 million.
  • For Tier 1, 5% for first 10 years followed by 1-year KIBOR + 3 for subsequent years.
  • For Tier 2, 8% for first 10 years followed by 1-year KIBOR + 3 for subsequent years.

Maximum up to 20 Years

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

No

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.

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