Mera Pakistan Mera Ghar Housing Scheme – Al Kabir Town Lahore

Mera Pakistan Mera Ghar is a new low-cost house financing scheme by the GOP. It is launched to provide affordable housing options to Pakistan’s people and fulfill their dreams of owning a home. The National Bank of Pakistan, under the guidance of the State Bank of Pakistan through the Prime Minister’s NAYA Pakistan Housing Program and NAPHDA, is contributing towards the development of the country and prosperity. NBP is now offering a loan facility to construct and purchase your dream home anywhere in Pakistan.

However, we have excellent news for the investors and buyers of Al-Kabir Town Lahore; the State Bank of Pakistan has also approved all the phases of Al-Kabir Town for this low-cost house financing scheme.

Low-Cost House Financing Scheme and Al-Kabir Town Lahore

The approval of all the phases of Al-Kabir Town for the low-cost house financing scheme (Mera Pakistan Mera Ghar/ Apna Ghar Housing Scheme) is a big achievement. Now the people with low-incomes, small business people, even the salaried persons can build their dream homes in Al-Kabir Town Lahore by getting loans from the NBP. Loans will be offered on easy terms and conditions while easily returning that amount in easy installments.

Key Features of Mera Pakistan Mera Ghar Housing Scheme

• Free Life Insurance
• Subsidized Markup Rate
• Financing up to PKR 5 Million
• Available for up to 20 years
• Easy Documentation
• Quick Processing
• Minimum Monthly Income Required: PKR 25,000/-
• No restrictions and no charges on early repayment

Eligibility Criteria for Mera Pakistan Mera Ghar Housing Scheme

• All men/women holding CNIC
• First-Time homeowner
• Under this scheme, an individual can have a subsidized housing finance facility only once
• Loan facility only for construction and first purchase of newly constructed housing units
• Age Limited From 25 years to 60 years
• Minimum Monthly Income Required: PKR 25,000/-

Mera Pakistan Mera Ghar Low -Cost House Financing Scheme – All Details

This low and medium-cost housing program is comprising three tiers such as Tier 1 (NAPHDA), Tier 2 (Non- NAPHDA), and Tier 3 (Non- NAPHDA).

The first tier of the Mera Pakistan Mera Ghar Scheme is only for the constructed units provided/launched under Naya Pakistan Housing Scheme. However, the people who want to construct their house or want to purchase a newly built house/apartment/ villas can benefit from Tier 2 and Tier 3.

Following are the details of the Mera Pakistan Mera Ghar Scheme.

	Tier 1 (NAPHDA)	Tier 2 (Non-NAPHDA)	Tier 3 (Non-NAPHDA)
Size of Housing Unit	Housing Units/apartments of up to 125 square yards (5 Marla) with covered area of up to 850 square feet.	Housing Units/apartments of up to 125 square yards (5 Marla) with covered area of up to 850 square feet.	Housing Units of more than 125 square yards up to 250 square yards (10 Marla) or apartments with covered area from more than 850 square feet to 1,100 square feet.
Maximum Price of Housing Units	Rs 3.5 million	Rs 3.5 million	Rs 6.0 million
Maximum Loan size	Rs 2.7 million	Rs 2.7 million	Rs 5.0 million
Pricing	5% for first 5 years & 7% for next 5 years KIBOR+250 BPS for period exceeding 10 years	5% for first 5 years & 7% for next 5 years KIBOR+400 BPS for period exceeding 10 years	7% for first 5 years & 9% for next 5 years KIBOR+400 BPS for period exceeding 10 years
Loan Tenor	10/15/20 years	10/15/20 years	10/15/20 years

 

Size of House to Avail Under this Scheme

Housing Units/apartments/villas of up to 125 sq. yards (5 Marla) with covered area of up to 850 sq. ft.

Housing Units/apartments/villas of more than 125 sq. yards up to 250 sq. yards (10 Marla) or apartments with covered area from more than 850 sq. ft. to 1,100 sq. ft.

Maximum Price of the House to Avail Under this Scheme

Housing Units/apartments/villas of up to 125 sq. yards (5 Marla) with a covered area of up to 850 sq. ft: PKR 3.5 Million.

Housing Units/apartments/villas of more than 125 sq. yards up to 250 sq. yards (10 Marla) or apartments with covered area from more than 850 sq. ft. to 1,100 sq. ft: PKR 6.0 Million.

Maximum Financing Limit Under this Scheme

Housing Units/apartments of up to 125 sq. yards (5 Marla) with a covered area of up to 850 sq. ft: PKR 3.0 Million.

Housing Units of more than 125 sq. yards up to 250 sq. yards (10 Marla) or apartments with covered area from more than 850 sq. ft. to 1,100 sq. ft: PKR 5.0 Million.

Pricing Offered Under this Scheme

Housing Units/apartments of up to 125 square yards (5 Marla) with a covered area of up to 850 square feet:

5% for the first 5 years, 7% for the next 5 years, and market pricing will be applicable for the period exceeding 10 years

Housing Units of more than 125 square yards up to 250 square yards (10 Marla) or apartments with covered area from more than 850 square feet to 1,100 square feet:

7% for the first 5 years, 9% for the next 5 years, and market pricing will be applicable for the period exceeding 10 years.

How Can You Apply?

You can apply directly by contacting or visiting any branch of the designated banks.

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