Government’s Profit Subsidy Scheme for Housing Finance
HABIBMETRO SIRAT Bank brings to you Mera Pakistan Mera Ghar, Government’s Profit Subsidy Scheme for Housing Finance under the guidance of State Bank of Pakistan. This facility enables you to fulfill your dream of owning your own home with affordable and easy rentals. This facility is available nationwide at designated branches through Diminishing Musharakah mode of finance.
The facility offers the following options for your dream home
- First purchase of a newly constructed residential Apartment/House (Housing unit not more than 1 year old from the date of application, as established by Completion Certificate)
- Purchase of Plot + Construction
- Construction of housing unit on already owned plot
- Expansion/Extension of existing Housing Unit
Product Features & Benefits
Description | Tier 1
(NAPHDA Projects) |
Tier 2
(Non-NAPHDA) |
Tier 3
(Non-NAPHDA) |
Maximum Property Value | Rs. 3.5 Million | Rs. 3.5 Million | Rs. 6.0 Million |
Maximum Financing Amount | Rs. 2.7 Million | Rs. 3.0 Million | Rs. 5.0 Million |
Financing to Value | Up-to 90% | Up-to 85% | |
Profit Rate | 5% for first 5 Years
7% for next 5 Years
1 Year KIBOR + 250 bps for period exceeding 10 years |
5% for first 5 Years
7% for next 5 Years
1 Year KIBOR + 400 bps for period exceeding 10 years |
7% for first 5 Years
9% for next 5 Years
1 Year KIBOR + 400 bps for period exceeding 10 years |
Tenor | 10 to 20 Years | ||
Size of Property | Housing unit / apartment / flat of up to 125 sq. yds (up to 5 Marla) with covered area of up to 850 sq. ft. | Housing unit / apartment / flat of up to 125 sq. yds (5 Marla) with covered area of up to 850 sq. ft. | Housing unit / apartment / flat of more than 125 sq. yards up to 250 sq. yds (10 Marla)
or apartments/ flats with covered area from more than 850 sq. ft. to 1,100 sq. ft. |
Processing Fee | Rs. 5,000/- | ||
Balloon Payment / Early Settlement Charges | Nil |
Eligibility Criteria
- All men / women holding valid CNIC
- First time home owner, one unit per household
- One individual can have subsidized house Financing facility under this scheme only once
- Minimum Monthly Income Required: Rs. 25,000/-
- Up-to 4 Co-Applicant also allowed (Blood Relatives only)
- Minimum 5 years of employment/business experience
- Age of Applicant & Co-Applicant: 25 to 60 Years*
*At Maturity of facility
Minimum Documentation
- Filled out Application Form
- CNIC copy of the applicant / co-applicant
- Proof of income documents
- Copies of property documents / details of property
For more details, please call HABIBMETRO Contact Center at 111-142-242 or talk to our branch representative by visiting your nearest HABIBMETRO branch.