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. 

Key Benefits

Lack of affordability is a key factor depriving mid and low-income population from full access to regular housing finances to meet their housing needs. In order to facilitate availability of long-term affordable funding for housing, State Bank of Pakistan (SBP) has shared guidelines to introduce a “Mark-up Subsidy Scheme for 5 Marla and 10 Marla” for Housing Finance”.

Within these guidelines, banks are required to develop house finance products for housing, based on the scheme criteria. BOK is committed to furthen strenghten its relationship by helping its valuable clients experience a simple hassle free consumer banking solution. In this regard, we introduce of a new segment “Mera Pakistan Mera Ghar Scheme” under our consumer finance portfolio.

  • Providing affordable House Financing for the people of Pakistan as per the vision of our Honorable Prime Minister.
  • Purchase of a complete residential property (Apartment /flat/ House)
  • Purchase of plot and construction 
  • Subsidized Markup/ Profit Rate
  • Maximum Price of Units upto Rs. 6.0 Million
  • Financing Range upto Rs. 5.0 Million
  • No restrictions on early payment/unit purchase
  • Optional Property & Life Takaful/Insurance

Product

  • BOK Low cost Housing Finance (Mera Pakistan - Mera Ghar)

Eligibility

  • All Pakistanis holding valid CNIC (not holding any property / house)
  • Single unit per house hold. Applicant age 30 years and maximum 60 years at the time of maturity of loan.
  • In case of NAPHDA schemes the applicant must have valid allotment letter form concerned authority.

Cost of House

  • Total cost of house (market value) including land cost: Upto 5 Marla (125 Sq. Yd): PKR 3.5 million Upto 10 Marla (250 Sq. Yd): PKR 6.0 Million

Size of Unit

  • Size of Housing (house or apartment) Tier 1,2: Land upto 5 Marla (125 Sq. Yd) & Covered
  • area upto 850 Sq. Ft Tier 3: Land upto 10 Marla (250 Sq. Yd) & Covered
  • area upto 1,100 Sq. Ft

Facility Amount

  • The maximum loan/ Finance amount (per applicant) will be:
  • Tier 1: PKR 2.7 million (minimum applicant's equity 0.5 m) Tier 2: PKR 3.0 million (minimum applicant's equity 0.5 m)
  • Tier 3: PKR 5.0 million (minimum applicant's equity 1.0 m) Under Tier 1: NAPHDA will provide subsidy of PKR 0.3 m per house unit.

Facility Tenor

  • Maximum tenor of Tier 1, 2 & 3 20 Years (240 months)

Grace period

  • Tier 1: No grace period as NAPHD will ensure Construction.
  • Tier 2 & 3: for construction upto 6 months
Markup/Income rate for customers Loan/facility Tenor Tier 1 Tier 2 Tier 3
First 5 Years 5% p.a. 5% p.a. 5% p.a.
Next 5 Years 7% p.a. 7% p.a. 7% p.a.
Remaining
Years
1 y KIBOR + 3% 1 y KIBOR + 3% 1 y KIBOR + 3%

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