Mera Pakistan Mera Ghar

Mera Pakistan Mera Ghar is a low-cost housing scheme offering affordable house financing to low and middle income households and is for both salaried and non-salaried individuals.

BOK with its vast network of branches nationwide is providing convenient and cost effective solution to every Pakistani household. Whether that is buying your dream house / apartment or acquiring land for construction of your home. 

BOK-Low Cost Housing Finance Under Mera Pakistan Mera Ghar

Particulars

Mark up Subsidy Program

Eligibility Criteria

  • All men/women holding valid CNIC
  • First time home owner (not already holding any residential property)
  • One individual can have subsidized house loan facility under this scheme only once.

Tiers of the Scheme

  • Financing under Tier 0 is available through Microfinance Banks for financing of housing units under non-NAPHDA projects.
  • Financing under Tier 1 is available through banks for financing under NAPHDA projects
  • Financing under Tier 2 and Tier 3 is available through banks for financing of housing units under non-NAPHDA projects

Size of Housing Unit

   Size of the loan is segregated into four tiers, as under:

  • Tier 0 (T0) - (a) House upto 125 sq yds (5 Marla) and                    

                      (b) flat/apartment with maximum covered area of 1,250 sq ft.

 

  • Tier 1 (T1) - (a) House upto 125 sq yds (5 Marla) with maximum covered area of 850 sq ft and                                                                 

                      (b) Flat/apartment with maximum covered area of 850 sq ft.

 

  • Tier 2 (T2) - (a) House upto 125 sq yds (5 Marla) and                    

                      (b) flat/apartment with maximum covered area of 1,250 sq ft.

 

  • Tier 3 (T3) - (a) House upto 250 sq yds (10 Marla) and                   

                      (b) flat/apartment with maximum covered area of 2,000 sq ft.

Age of housing units

   Newly constructed housing units during last one year from the date of application. However, this    requirement will not be applicable till March 31, 2023 under Tier 0, Tier 2 and Tier 3.

Maximum Price of Housing Units

  Maximum Price (Market Value) of a single housing unit at the time of approval of financing, as under:
  Tier 1 (T1) - Rs 3.5 million
  Tier 0 (T0),
  Tier 2 (T2) and Tier 3 (T3) - No cap

Maximum Loan size

   Maximum size of the loan of a single housing unit, as under:
   Tier 0 (T0) - Rs 2.0 million
   Tier 1 (T1) - Rs 2.7 million
   Tier 2 (T2) - Rs 6.0 million
   Tier 3 (T3) - Rs 10.0 million

Loan Tenor

   Minimum 5 years and maximum 20 years loan tenor, depending upon choice of customers.

Security Requirements
 

   As per banks’ credit policy and prudential regulations for housing finance, the housing unit financed will be    mortgaged in favor of financing bank.

Pricing

   Pricing for Housing Loans:

Loan Tiers

Customer Pricing

Tier 0

5% for first 5 years & 7% for next 5 years

Tier 1

3% for first 5 years & 5% for next 5 years

Tier 2

5% for first 5 years & 7% for next 5 years

Tier 3

7% for first 5 years & 9% for next 5 years

Note: Pricing for period exceeding 10 years; 1 year KIBOR plus 3% p.a.

To Download Form Please Click Here

For E Tracking of your application Click Here

To Apply Online Click here

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