With a view to promote affordable housing finance, the Government of Pakistan has introduced a Profit Rate Subsidy and Risk Sharing Scheme namely ‘Mera Ghar - Mera Ashiana’.

The key features of the scheme are given below:

 

Eligibility Criteria:

• First time homeowners citizens of Pakistan holding CNICs.

• Not owning any housing unit in their name.

 

Scope:

• Purchase of house/flat.

• Construction of house on already owned plot.

• Purchase of plot and construction of house.

 

Financing Tenure: 

• Maximum 20 years (subsidy for 10 years)

 

Size of Housing Unit:

• House of up to 5 Marla.

• Flat/Apartment of up to 1360 sq. ft. area.

 

Financing Limits: 

•  Tier 1:   Up to PKR 2 million

•  Tier 2:   Above PKR 2 million up to PKR 3.5 million

 

Pricing:

• Tier 1: 5% for first 10 years and variable at Kibor+3% for subsequent years

• Tier 2: 8% for first 10 years and variable at Kibor+3% for subsequent years

 

Bank Charges:

• No processing charges

• No prepayment charges

 

Bank Investment Ratio:

• 90:10 (90% financing & 10% equity)
   

Contact Us:

• Call us at 021 111 225 111
• Email address: home.musharakah@bankalfalah.com