Alfalah Ghar Asaan: Mera Pakistan Mera Ghar Loan – Bank Alfalah

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).

Alfalah Ghar Asaan: Mera Pakistan Mera Ghar Loan – Alfalah Bank.

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.

Read more: Mera Pakistan Mera Ghar Loan Application [Complete Information].

Here we cover all information regarding Alfalah Ghar Asaan (Mera Pakistan Mera Ghar) application process through Bank Alfalah to help you get a quick and easy loan on affordable monthly installments.

Product Variants

Basic Eligibility Criteria for Alfalah Ghar Asaan (Mera Pakistan Mera Ghar)

Bank Alfalah – Mera Pakistan Mera Ghar Loan (Alfalah Ghar Asaan) Information

DescriptionCategory 1 (NAPHDA)Category 2 (Non-NAPHDA)Category 3 (Non-NAPHDA)
Size of Housing UnitHousing unit / apartment/ flat of up to 125 square yards (up to 5 Marla) with covered area of up to 850 square feet.Housing unit / apartment / flat of up to 125 square yards (5 Marla) with covered area of up to 850 square feetHousing unit / apartment / flat of more than 125 square yards up to 250 square yards (10 Marla)OR apartments/ flats with covered area from more than 850 square feet to 1,100 square feet
Maximum Price of UnitsRs.3.5 MillionRs.3.5 MillionRs.6.0 Million
Maximum Financing LimitRs.2.7 MillionRs.3.0 MillionRs.5.0 Million

Financing Tenor: Minimum 10 with flexibility to go up to 20 years at customer’s choice.

Subsidized Mark-up/ Profit Rate

First 5 YearsFixed RatesNext 5 YearsFixed RatesExceeding 10 YearsVariable Rates
Category 15%7%1 Year KIBOR + 2.5%
Category 25%7%1 Year KIBOR + 4.0%
Category 37%9%1 Year KIBOR + 4.0%

Key Qualification Criteria – Alfalah Ghar Asaan (Mera Pakistan Mera Ghar)

DescriptionDetails
Age (Applicant & Co-applicant)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 IncomePKR 25,000 per month net disposable income
Co-ApplicantUp to 4 co-applicants allowed with 100% income clubbing of co-applicants
Financing CitiesAll cities of Pakistan where Bank Alfalah has it branch network
Employment / Business TenorMinimum 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

Minimum Documents

Contact Information:

Contact Centre Number: 111 225 111
Dedicated email address: home.finance@bankalfalah.com
Bank’s website: https://www.bankalfalah.com/personal-banking/loans/alfalah-home-finance/

Apply Here

Read more: Faysal Tabeer: Mera Pakistan Mera Ghar Loan – Faysal Bank.

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