Government’s Profit Subsidy Scheme for Housing Finance
HABIBMETRO Bank brings to you Mera Pakistan Mera Ghar, Government’s Profit Subsidy Scheme for Housing Finance under the guidance of the State Bank of Pakistan. This facility enables you to fulfill your dream of owning your own home with an affordable and easy repayment plan. This facility is available nationwide at designated branches.
The facility offers the following options for your dream home:
- Purchase of constructed house and Flat/ apartment
- Purchase of Plot + Construction
- Construction of housing unit on an 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 | No Cap | No Cap |
Maximum Financing Amount | Rs. 2.7 Million | Rs. 6.0 Million | Rs. 10.0 Million |
Financing to Value | Up-to 90% | Up-to 85% | |
Profit Rate | 3% for first 5 Years
5% for next 5 Years
1 Year KIBOR + 250 bps for a period exceeding 10 years |
5% for the first 5 Years
7% for next 5 Years
1 Year KIBOR + 400 bps for a period exceeding 10 years |
7% for the first 5 Years
9% for next 5 Years
1 Year KIBOR + 400 bps for a period exceeding 10 years |
Tenor | Minimum 5 Years and Maximum 20 Years | ||
Size of Property | a) House up to 125 sq yds. (5 Marla) with a maximum covered area of 850 sq. ft.
and b)Flat/apartment with a maximum covered area of 850 sq ft |
a)House up to 125 sq yds (5 Marla)
and b)Flat/apartment with a maximum covered area of 1,250 sq ft. |
a)House up to 250 sq yds (10 Marla)
and b)Flat/apartment with a maximum covered area of 2,000 sq ft. |
Processing Fee | Rs. 5,000/- | ||
Balloon Payment / Early Settlement Charges | Nil |
Eligibility Criteria
- All men/women holding valid CNIC
- First-time homeowner, one unit per household
- One individual can have a 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.