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
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
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)
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
No minimum age criteria, 60 years *at maturity
Up to 10 years with flexibility to go up to 20 years
No restrictions on early payment / unit purchase
Life & Property Takaful will be obtained.
Parameter | Project Scheme | Product Category |
---|---|---|
Tier 1 | Naya Pakistan Housing Development Authority (NAPHDA) |
|
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 |