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.
All your Mera Pakistan, Mera Ghar queries will be answered instantly through a joint call center facilitating customers at
033-77-786-786.
For more details on Mera Pakistan Mera Ghar financing scheme, click here
Free Life Takaful
Subsidized Rental Rate
Financing up to PKR 10 Million
Minimum 25,000/- for applicant and 20,000/- for co-applicant(s). Where the co-applicant is for property ownership only, minimum income and related documents would not be required.
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)
Minimum 25,000/- for applicant and 20,000/- for co-applicant(s).
Where the co-applicant is for property ownership only, minimum income and related documents would not be required income
Home Buyer
Home Construction
Home Construction
Newly constructed housing units during last one year from the date of application. However, this requirement will not be applicable till March 31, 2023 for Tier 2 and Tier 3
Minimum 5 years, and maximum 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 (NAPHDA) | a) House upto 125 sq yds (5 Marla) with maximum covered area of 850 sq ft and b) Flat / apartment with maximum covered area of 850 sq ft |
Tier 2 (Non-NAPHDA) | a) House upto 125 sq yds (5 Marla) and b) Flat / apartment with maximum covered area of 1,250 sq ft |
Tier 3 (Non-NAPHDA) | a) House upto 250 sq yds (10 Marla) and b) Flat / apartment with maximum covered area of 2,000 sq ft |
Rental rates are given hereunder:
Parameter | End User Pricing (Subsidy Rate) | Bank Pricing | |
---|---|---|---|
Tier 1 NAPHDA | 1 to 5 years | 2% | 1 Year KIBOR + 2.5% for period exceeding 15 years |
6 to 10 years | 4% | ||
11 to 15 years | 5% | ||
Tier 2 | First 5 years | 5.0% | 1 Year KIBOR + 4% for period exceeding 10 years =1- year KIBOR+4% |
Next 5 years | 7.0% | ||
Tier 3 | First 5 years | 7.0% | |
Last 5 years | 9.0% |
Market value of a single housing unit at the time of approval of financing is as under:
Parameter | Maximum Unit Price |
---|---|
Tier 1 | PKR 3.5 million |
Tier 2 | No Cap |
Tier 3 | No Cap |
Parameter | Maximum |
---|---|
Tier 1 | PKR 2.7 million |
Tier 2 | PKR 6.0 million |
Tier 3 | PKR 10.0 million |