Alfalah Ghar Asaan applications are being accepted by Bank Alfalah providing low-interest loan under Mera Pakistan Mera Ghar for the construction and purchase of newly constructed low-cost housing under the Naya Pakistan Housing Programme (NPHP).
Under the Mera Pakistan Mera Ghar scheme, the government is providing loan of Rs. 300,000 each for the first 100,000 housing units that are constructed while also giving citizens an opportunity to avail loan of up to Rs. 5 million (50 lakhs) for the purchase of these newly constructed affordable housed / apartments.
Salaried Individuals: Minimum 25 years and Maximum 60 years at time of maturity of loanNon Salaried Individuals: Minimum 25 years and Maximum 65 years at time of maturity of loan
Net Monthly Income
PKR 25,000 per month net disposable income
Up to 4 co-applicants allowed with 100% income clubbing of co-applicants
All cities of Pakistan where Bank Alfalah has it branch network
Employment / Business Tenor
Minimum 5 years
Security Requirement: The financed housing unit / apartment financed will be mortgaged in favor of financing bank as per banks’ policy and SBP prudential regulations.
Note: Property should be Accessible, Transferable, Mortgage-able, Free of any legal charge with any private or public individual/institution, and an approved map from the concerned authority shall be available
Facility Application Form
CNIC copy of the applicant / co-applicant
Proof of income documents
Copies of property documents / details of property