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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 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

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

  • 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

Product Variants

  • Home Buyer

  • Home Construction

  • Home Construction

Age (Applicant & Co-applicant)

  • 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

Financing Tenor--

  • Minimum 5 years, and maximum 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 (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

  • 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 3.0% 1 Year KIBOR + 2.5%
    Next 5 years 5.0%
    Tier 2 First 5 years 5.0% 1 Year KIBOR + 4%
    Next 5 years 7.0%
    Tier 3 First 5 years 7.0%
    Last 5 years 9.0%
    For financing period exceeding 10 years, Bank Pricing will be applicable.

  • 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

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