Product Features |
Basic Eligibility Criteria |
All Citizens Holding CNIC |
| First time owner |
| One individual can have subsidized house loan facility under this scheme only once |
Products Offered |
Purchase of a complete residential property (Apartment/Flat/House) |
| Purchase of plot & construction thereon |
| Construction on owned plot |
| Extension/Expansion of self-owned residential property |
Categories
&
Size of Unit
|
Tier 1
|
Tier 2 |
Tier 3 |
| (NAPHDA Projects) |
(Non-NAPHDA) |
(Non-NAPHDA) |
a). House upto 125 square yards (5 Marla) with maximum covered area of up to 850 square feet
b). Flat/apartment with maximum covered area of 850 square feet |
a). House upto 125 square yards (5 Marla).
b). Flat / apartment with maximum covered area of 1,250 square feet |
a). House upto 250 square yards (10 Marla)
b). Flat/apartment with maximum covered area of 2,000 square feet |
| Maximum Price of Units |
PKR 3.5 million
Above is the Market Value of a single housing unit/Flat or Apartment at the time of approval of financing |
No Cap |
No Cap |
Maximum Financing/Debt to Equity (LTV) |
LTV up to 90% or
Rs. 2.7 million whichever is Less |
LTV up to 90% or
Rs. 6.0 million whichever is Less |
LTV up to 85% or
Rs. 10.0 million whichever is Less |
Subsidized Mark-up/ Profit Rate |
First 5 years = 3% |
First 5 years = 5% |
First 5 years = 7% |
| Next 5 years = 5% |
Next 5 years = 7% |
Next 5 years = 9% |
| After 10 years Bank's Normal Housing Finance rate would apply |
Collateral Security Requirement |
NAPHDA Projects |
NON – NAPHDA Projects |
| Trust will be responsible for the title documents |
Mortgage of Residential Property inBank’s Favor Banks charge through Registered/Equitable Mortgage
|
Loan Tenor |
Minimum: 5 years
Maximum: 20 years (depending upon choice of customers) |
Debt Burden Ratio (DBR) |
Maximum up to 50% (DBR is linked with Net Income) |
