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Mera Pakistan Mera Ghar

Bank AL Habib along with the Government of Pakistan and with the support of the State Bank of Pakistan offers an affordable and flexible Housing Finance Scheme. With the help of this scheme, you can turn your dream of owning a home into a reality and secure your future.

Avail this facility through our Islamic Banking branches.

For more details on Mera Pakistan Mera Ghar financing scheme, click here

Key Features

  • Free Life Takaful

  • Subsidized Rental Rate

  • Financing up to PKR 5 Million

  • Minimum Monthly Income Required: PKR 25,000/-

  • Available for up to 20 years

  • Easy Documentation

  • Quick Processing

  • No restrictions and no charges on early repayment

Eligibility Criteria

  • All men / women holding valid CNIC (including NRP).

  • First time home owner, one unit per household.

  • One individual can have subsidized house Financing facility under this scheme only once.

  • Minimum working experience for other than salaried and Self Employed Professionals is 3 years.

  • First purchase of newly constructed housing unit i.e. first transfer of title documents.
    (Not more than 1 year old from the date of application as established by completion certificate. In such areas where completion certificate is not available, valuation certificate issued by external valuers may be considered)

Monthly Income

  • Salaried Individuals – Rs. 25,000 up to Rs. 100,000/- per month net disposable income

  • Non Salaried Individuals – Rs. 25,000 up to Rs. 140,000/- per month net disposable income

Age (Applicant & Co-applicant)

  • No minimum age criteria, 60 years *at maturity

Financing Tenor--

  • Up to 10 years with flexibility to go up to 20 years

Early Repayment / Unit Purchase Option

  • No restrictions on early payment / unit purchase

Property Takaful

  • Life & Property Takaful will be obtained.

Frequently Asked Questions

  • What is the Parameter, Product Category & Project Scheme?
    Parameter Project Scheme Product Category
    Tier 1 Naya Pakistan Housing Development Authority (NAPHDA)
    • Purchase of a complete residential property (apartment / house)
    • Purchase of Plot and Construction thereon.
    Tier 2 Non – NAPDHA /Single House/Unit
    Tier 3 Non – NAPDHA /Single House/Unit
  • Parameter Size of Housing Unit
    Tier 1 Housing unit / apartment of up to 125 square yards (up to 5 Marla) with covered area of up to 850 square feet.
    Tier 2 Housing unit / apartment of up to 125 square yards (5 Marla) with covered area of up to 850 square feet
    Tier 3 Housing unit / apartment of more than 125 square yards and up to 250 square yards (10 Marla) or covered area from more than 850 square feet to 1,100 square feet.
  • Mark-up rates for loans up to 10 years are given hereunder:

    Parameter End User Pricing (Subsidy Rate) Bank Pricing
    Tier 1 First 5 years 5% 1 Year KIBOR + 2.5%
    Last 5 years 7%
    Tier 2 First 5 years 5% 1 Year KIBOR + 4%(spread may vary)
    Last 5 years 7%
    Tier 3 First 5 years 7%
    Last 5 years 9%
  • Market value of a single housing unit at the time of approval of financing is as under:

    Parameter Maximum Unit Price
    Tier 1 Rs. 3.5mn
    Tier 2 Rs. 3.0mn
    Tier 3 Rs. 6.0mn
  • Parameter Maximum
    Tier 1 Rs. 2.7mn
    Tier 2 Rs. 3.0mn
    Tier 3 Rs. 5.0mn

Documents Required

  • For Non-Salaried
    • Standardized Application Form
    • Valid CNIC of applicant & co-applicant (where applicable)
    • 2 recent color photographs (passport size) of applicant & co-applicant (where applicable)
    • 5 years acceptable Business Proof (e.g. NTN Certificate/Tax Returns / Bank Certificate) or any other valid business proof which may be acceptable to the bank
    • Last 6 months Bank Statement
    • Standardized Loan Application Form
    • Valid CNIC of applicant & co-applicant (where applicable)
    • 2 recent color photographs (passport size) of applicant & co-applicant (where applicable)
    • Latest Salary Certificate / Employment Letter mentioning employment details and joining date
    • Salary Slips of last 2 months
    • Last 6 months Bank Statement with reflection of salary credits