| Particulars |
Markup Subsidy Program |
| Eligibility Criteria |
• All men/women holding CNIC
• First time house owner
• One individual can have subsidized house loan facility under this scheme only once
|
| Age |
• Minimum Age at the time of application-25 years.
• Maximum Age for both applicants and co-applicants upon the maturity of the financing should not exceed
60 Years for SI and
65 Years for SEP & SEB;
|
| Tier of Scheme |
• 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/Apartments/Flats under non-NAPHDA projects
|
| Size of Housing Unit |
Size of the loan is segregated into three tiers, as under:
• Tier 1 (T1)
(a) House up to 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 up to 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 Unit |
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 2 and Tier 3.
|
| Maximum Price of Housing Units |
Maximum Price (Market Value) of a single housing units/Apartments/Flats at the time of approval of financing, as under:
Tier 1 (T1) - Rs 3.5 million
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 1 (T1) - Rs 2.7 million
Tier 2 (T2) - Rs 6.0 million
Tier 3 (T3) - Rs 10.0 million
|
| Loan Type |
Long term housing finance loans.
|
| Loan Size, Pricing & Security |
| Loan Tiers |
Customer Pricing |
Bank Pricing |
| Tier-1 |
3% for first 5 years &
5% for next 5 years
|
1 Year KIBOR + 250 BPS |
| Tier-2 |
5% for first 5 years &
7% for next 5 years |
1 Year KIBOR + 400 BPS
(Spread may vary)
|
| Tier-3 |
7% for first 5 years &
9% for next 5 years |
| For loan tenors exceeding 10 years, market rate i.e. bank pricing will be applicable for the period exceeding 10 years. |
|
| Tenure of Loan |
Minimum 5 years and maximum 20 years loan tenor, depending upon choice of customers.
|
| Monthly Salary |
No minimum or maximum salary
|
| Job Experience |
No minimum or maximum job experience required.
|
| Geographical Distribution |
Whole of Pakistan.
|
| Loan Repayment |
Based on Monthly Installment (MI) payable on the 1st of every month.
|
| Processing Fee & Charges |
Processing Fees* Rs. 5000/-
Other charges at Actual
*Processing fee is payable for approved cases at the time of disbursement.
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