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Mera Pakistan Mera Ghar: Product Features & Benefits

The Bank of Punjab is contributing to Pakistan's development by providing affordable housing financing under the Prime Minister's NAYA Pakistan Housing Program. There are three tiers of housing units eligible for financing depending on their size and price. Tier 1 units can be up to 5 marla with maximum price of Rs. 3.5 million and maximum financing of Rs. 2.7 million. Interest rates are fixed at 5% for first 5 years and 7% for next 5 years. Basic eligibility includes being a Pakistani citizen, first-time homeowner, and only one housing finance facility per household. Financing is available for purchase of constructed or under-construction homes up to one year old.

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Ali Azhar Khan
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77 views1 page

Mera Pakistan Mera Ghar: Product Features & Benefits

The Bank of Punjab is contributing to Pakistan's development by providing affordable housing financing under the Prime Minister's NAYA Pakistan Housing Program. There are three tiers of housing units eligible for financing depending on their size and price. Tier 1 units can be up to 5 marla with maximum price of Rs. 3.5 million and maximum financing of Rs. 2.7 million. Interest rates are fixed at 5% for first 5 years and 7% for next 5 years. Basic eligibility includes being a Pakistani citizen, first-time homeowner, and only one housing finance facility per household. Financing is available for purchase of constructed or under-construction homes up to one year old.

Uploaded by

Ali Azhar Khan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Mera Pakistan Mera Ghar

The Bank of Punjab, under guidance of State Bank of Pakistan through Prime Minister’s NAYA Pakistan Housing Program and NAPHDA is
contributing towards country’s development and prosperity by fulfilling dreams of millions through financing for affordable (low cost ) housing.

Product features & Benefits


Tiers Size of Housing Unit Maximum Price Maximum Rental Rate
of Housing Unit Financing

House Unit/ Apartment of upto 5% (fixed) for first 5 years and 7% (fixed) for next 5 years.
Tier (T1) 125 square yards (upto 5 Marla) For loan tenures exceeding 10 years; Bank’s Housing Finance mark rates
(NAPHDA with covered area of up to 850 Rs. 3.5 Million Rs. 2.7 Million will be applicable for the period exceeding 10 years.
Projects) square feet ** Rs 300,000 Subsidy by Government of Pakistan.

House Unit/ Apartment of upto 5% (fixed) for first 5 years and 7% (fixed) for next 5 years.
Tier 2 (T2) 125 square yards (5 Marla) with For loan tenures exceeding 10 years; Bank’s Housing Finance mark rates
(Other covered area of up to 850 square Rs. 3.5 Million Rs. 3.0 Million will be applicable for the period exceeding 10 years.
Projects) feet

House Unit more than 125 square 7% (fixed) for first 5 years and 9% (fixed) for next 5 years.
Tier 3 (T3) yards up to 250 square yards (10 For loan tenures exceeding 10 years; Bank’s Housing Finance mark rates
(Other Marla) or Apartment with Rs. 6.0 Million Rs. 5.0 Million will be applicable for the period exceeding 10 years.
Projects) covered area from more than 850
square feet to 1,100 square feet
Financing For 10, 15 and 20 years, depending upon choice of customers.
Tenure
Basic Eligibility Criteria
Citizenship All Pakistani nationals holding valid CNIC
Home First time home owner, one unit per household
Owner
Housing An individual can have subsidized housing facility under this scheme only once
Finance
Facility
Unit to be  Purchase of Constructed House/Apartment (Not more than 01 Year old, from the date of application)
financed  Purchase of Plot & Construction there on
 Construction on Self-Owned Plot
 Expansion/Extension of existing Housing Unit

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