| Eligibility Criteria |
❖ First time homeowner citizens of Pakistan holding CNICs
❖ Not owning any housing Unit in their Names
❖ Having clean eCIB and Data Check reports. |
| Scope |
❖ Purchase of House/Flat.
❖ Construction of house on already owned plot.
❖ Purchase of plot and construction of house
Purchase of Land/Constructed House from blood relatives is not allowed |
| Size of Housing Unit |
❖ House of up to 10 Marla. (2720 Sq ft)
❖ Flat/Apartment of up to 1500 sq. Ft. Area. |
| Maximum Loan Size |
❖ Up to PKR 10 Million. |
| Maximum Loan Tenor |
❖ 20 years (Subsidy for 10 years) |
| Bank Pricing |
❖ One year KIBOR + 3 %. |
| Customer/End user fixed pricing for 10 years. |
❖ Flat 5%
❖ After 10 Years: Bank’s approved rate will be applicable.. |
| Bank Charges |
❖ No processing Cost.
❖ No prepayment penalty |
| Loan to Value (LTV) ratio |
❖ 90: 10 (90% loan & 10 % equity) |
| Risk Coverage |
❖ 10 % of the outstanding portfolio under the scheme on first loss basis |
