Mera Pakistan Mera Ghar Scheme 2022 SBP NBP ABL UBL MCB HBL Meezan

Mera Pakistan Mera Ghar Scheme 2022 officially announced by the SBP (State Bank of Pakistan). Every citizen of Pakistan can participate in PM housing loan Pakistan apna ghar scheme. Now, all the banks of Pakistan gives you an opportunity to easily fulfil the needs to construct and built houses with the help of Government.

As we know that Government of Pakistan has launched a new schemes which named is “Mera Ghar, Mera Pakistan“. Under this scheme, all the low income persons/families can build their houses with subsidize profit rates. The term subsidize means that the installment of Mera Pakistan Mera Ghar loan would be fixed for the complete period.

Are you paying a house rent for your home and after 7 to 10 years the home will be on your name. All the banks of Pakistan, SBP, NBP, Meezan etc will provide you the facility to build your home with mera Pakistan mera ghar housing scheme.


Mera Ghar Mera Pakistan Housing Scheme 2022 Eligibility Criteria


The following criteria must be fulfil before apply for apna ghar scheme;

  • All Pakistanis with valid CNIC and NICOP
  • First time house owner
  • One individual can have subsidized house loan facility under this scheme only for once
  • For Naya Pakistan Housing and Development Authority (NAPHDA) projects, NAPHDA will shortlist the eligible candidate and upon request of candidate, will forward the candidate profile to banks for financing

Types of House Loan:

There are two types of loans are offered in apna ghar loan scheme;

NAPHDA Projects:

  • Up to Rs. 2.7 million can be financed under this category
  • Financing is available for house measuring up to 125 Square Yards (5 Marla) with maximum covered are of 850 Square Feet
  • Flat/apartment with maximum covered area of 850 square feet will be financed
  • To be eligible under MPMG, maximum price (Market Value) of a single housing unit at the time of approval financing shall not exceed Rs. 3.5 million

Non-NAPHDA Projects:

From Microfinance Banks:

  • Microfinance banks can provide up to Rs. 2 million financing to eligible borrowers

Also Check:

 

From Commercial Banks/DFIs:

  • Financing of up to Rs. 10 Million can be availed under this scheme
  • Financing amount is dependent on the size of residential unit
  • Up to Rs. 6 Million financing can be availed for a house measuring up to 5 Marla (125 Square Yards) and for a flat/apartment with the size up to 1,250 Square Feet
  • For a house measuring up to 10 Marla (250 Square Yards) and a flat/apartment up to 2,000 Square Feet, financing up to Rs. 10 million can be availed

Mera Ghar Mera Pakistan Financing Rates 2022

NAPHDA Projects Non-NAPHDA Projects

Borrower will be charged financing rate of

  • 3 percent for first five years
  • 5 percent for next five years
  • KIBOR + up to 250 bps for the remaining financing tenor

Tier 0: For Microfinance Banks Borrowers

  • Borrower will be charged financing rate of
      • 5 percent for first five years
      • 7 percent for next five years
      • KIBOR + 700 bps for the remaining financing tenor

Tier 2: For Commercial Banks/DFIs Borrowers

  • For financing a house measuring up to 5 Marla (125 Square Yards) and for a flat/apartment with the size up to 1,250 Square Feet, financing rate will be charged as follows:
    • 5 percent for first five years
    • 7 percent for next five years
    • KIBOR + 400 bps for the remaining financing tenor

Tier 3: For Commercial Banks/DFIs Borrowers

  • Financing to be availed for a house measuring up to 10 Marla (250 Squard Yards) and a flat/apartment up to 2,000 Square Feet, financing rate will be charged as follows:
    • 7 percent for first five years
    • 9 percent for next five years
    • KIBOR + 400 bps for the remaining financing tenor

Mera Pakistan Mera Ghar Installments Calculation

Tier 0 Tier 1 Tier 2 Tier 3
Financing Amount Installment Financing Amount Installment Financing Amount Installment Financing Amount Installment
Monthly installment from year 1 to 5
Rs. 0.5 Million 3,300 Rs. 1 Million 5,546 Rs. 1 Million 6,600 Rs. 6 Million 46,518
Rs. 1 Million 6,600 Rs. 2 Million 11,092 Rs. 3 Million 19,799 Rs. 8 Million  62,024
Rs. 2 Million 13,199 Rs. 2.7 Million 14,974 Rs. 6 Million 39,597 Rs. 10 Million 77,530
Monthly installment from year 6 to 10
Rs. 0.5 Million 3,751 Rs. 1 Million 6,351 Rs. 1 Million 7,501 Rs. 6 Million 52,492
Rs. 1 Million 7,501 Rs. 2 Million 12,702 Rs. 3 Million 22,503 Rs. 8 Million 69,990
Rs. 2 Million 15,002 Rs. 2.7 Million 17,147 Rs. 6 Million 45,007 Rs. 10 Million 87,487

Documents Required For Mera Ghar Mera Pakistan Housing Scheme

List of Required Documents

Documentation Requirement (Salaried Segment)

Original / Copy
Loan Application Form (LAF) along with CF Undertaking Original
Product Disclosure Sheet Original
Valid CNIC of applicant & Co-partner (where applicable) Copy
2 passport size color Photographs of applicant & Co-partner (where applicable) Original
Undertaking for first time homeowner Original
Title Document of the property to be mortgaged Copy
Direct Debit Authority (DDA) & Employer’s certificate mentioning that payroll account maintenance shall continue with the lending Bank (where applicable) Original
Formal Sector Employees Proof of Employment (along with length of employment) for example:

– Employment letter or

– Employment Certificate or

– Any valid documentary evidence from employer

Original / Copy

Income Proof document (salary breakup and deductions to be clearly mentioned) for example:

– Current Salary Slip or

– Salary Certificate

Note:

Maximum of 60 days old salary slip may be accepted

-Online / e-salary slips are acceptable with positive verification

-Original salary slip / e-slip does not require stamp or sign.

Original / Copy
Informal Sector Employees In case customer is employed in informal sector, one of the following documents shall be required to assess customer based on proxy income or repayment surrogates, for example:
– Rent Agreement or Copy
– Rent Payment declaration or Original
– Utility Bills or Copy
-School Fee Challan or Copy
– Any other valid expense document (as per defined Income proxy) Copy

 

Documentation Requirement (Self Employed)

Original / Copy
Loan Application Form (LAF) along with CF Undertaking Original
Product Disclosure Sheet Original
Valid CNIC of both applicant & Co-partner (where applicable) Copy
2 passport size colour Photographs of applicant & Co-partner (where applicable) Original
Direct Debit Authority (DDA) (where applicable) Original
Undertaking for first time homeowner Original
Title Document of the property to be mortgaged Copy
Formal Sector Self Employed Proof of Business (stating ownership and length of business) for example:
Partnership Deed or Copy
Bank Certificate for Sole Proprietor / Partnership or Original
NTN Certificate or Copy
Rent agreement of office or Copy
Professional Degree / Diploma &/OR Valid Membership of applicable Professional body or Copy
Any other valid acceptable business document verifiable from authority fulfilling minimum business tenor requirement. Copy / Original

Income assessment document

– Account Maintenance Letter along with last 6 months Bank Statement

Notes:

-Maximum of 60 days Bank statement may be accepted

-Original Bank statement with bank stamp

Original
Informal Sector Self Employed In case customer is employed in informal sector, one of the following documents shall be required to assess customer based on proxy income or repayment surrogates, for example:
Rent Agreement or Copy
Rent Payment declaration or Original
Utility Bills or Copy
School Fee Challan or Copy
Any other valid expense document (as per defined Income proxy) Copy

 

Documents for Bank’s Internal Use
Original / Copy
Income Estimation / Repayment calculation sheet as per applicable proxy / surrogate Original
Bureau Reports Original
Residence / Workplace / Document Verification Report including collateral verification Original
World Check & NACTA Checks
NADRA Verysis Original
Property Appraisal Report Original
Preliminary Legal Opinion Original
Final Legal Opinion Original
Property Insurance-Mandatory Original
Mortgage Life Insurance-Mandatory Original

Mera Pakistan Mera Ghar Video – ARY Waseem Badami


Mere Pakistan Mera Ghar Banks and Application Forms

Bank Name Official Link
National Bank of Pakistan (NBP) Apply Online
Standard Charter Apply Online
Allied Bank of Pakistan (ABL) Apply Online
Meezan Bank Apply Online
Askari Bank Apply Online
United Bank Limited (UBL) Apply Online
AlBaraka Apply Online
Bank Al Habib Apply Online
Bank of Khyber Apply Online
Habib Metro Apply Online
Bank of Punjab Apply Online
JS Bank Apply Online
Soneri Bank Apply Online
Mobilink Bank Apply Online
Samba Bank Apply Online
Bank Alfalah Apply Online
Bank Islami Apply Online
MCB Bank Apply Online
Sindh Bank Apply Online
HBL Bank Apply Online

Mera Pakistan Mera Ghar Helpline:

  • If you face any problem then you can lodge a complaint via Service Desk
  • You can also reach us by calling our helpline (111-727-273)
  • n case of any query or further information required on MPMG, please contact at: +92 (0) 3377786786
SBP Website Check Online
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