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Bank AL Habib Mera Pakistan Mera Ghar

by Shazeya Daudpota
Nov 13, 2020
in Information
Reading Time: 10min read
A A
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Bank Al Habib Mera Pakistan Mera Ghar offers an easy and affordable house financing scheme. Bank Al Habibi like other banks with the support of the Government of Pakistan and State Bank of Pakistan can materialize the dream of owning a house with their flexible Housing Finance Scheme.

Bank AL Habib: Mera Pakistan Mera Ghar

The customers can avail the Bank Al Habib Mera Pakistan Mera Ghar through their conventional and Islamic Banking branches.

All Pakistani nationals holding valid CNIC can avail this opportunity and turn their dream into reality. The total financing offered by Bank Al Habib is upto PKR 5 million with subsidized Mark Up Rate.

Monthly income required to avail loan under Mera Pakistan Mera Ghar Scheme is as low as PRK 25,000/- only and both salaried and non-salaried individual falling in the age bracket of 25 years to 60 years are eligible for this Hosing Finance Loan Facility.

READ MORE: Mera Pakistan Mera Ghar Loan Application [Complete Information]

Your dream house is no longer just a dream.With Mera Pakistan, Mera Ghar’s easy and flexible housing scheme, buy or construct the home you always wanted
For more details, visit https://t.co/JFdNN2fI7Y or call us at 111-014-014#MeraPakistanMeraGhar #RishtaBharosayKa #BankALHabib pic.twitter.com/RkIFjN6Twj

— Bank AL Habib Limited (@BAHLOfficial) November 11, 2020

The details pertaining to Bank Al Habib Mera Pakistan Mera Ghar Scheme is listed below:

Table of contents

  • Key Features
  • Frequently Asked Questions
    • Documents Required
    • Contact

Key Features

  • Free Life Insurance
  • Subsidized Markup Rate
  • Financing up to PKR 5 Million
  • Minimum Monthly Income Required: PKR 25,000/-
  • Available for up to 20 years
  • Easy Documentation
  • Quick Processing
  • No restrictions and no charges on early repayment

Eligibility Criteria

  • All men/women holding valid CNIC.
  • First-time homeowner, one unit per household.
  • One individual can have a subsidized house loan facility under this scheme only once.
  • Minimum Monthly Income Required: PKR 25,000/-

Product Variants

  • Construction
  • First purchase of newly constructed housing unit
  • Purchase of plot and construction thereupon
  • Expansion / Extension of the existing housing unit

Age (Applicant & Co-applicant)

  • 25 to * 60 years
    *at maturity

Financing Tenor

  • 10 / 15 / 20 years, depending upon the choice of the customer

Early Repayment

  • No restrictions and no charges on early repayment

Insurance

  • Property Insurance
  • Free Life Insurance

Your dream house is no longer just a dream.With Mera Pakistan, Mera Ghar’s easy and flexible housing scheme, buy or construct the home you always wanted
For more details, visit https://t.co/bMBwEAql7n or call us at 111-014-014#MeraPakistanMeraGhar #RishtaBharosayKa #BankALHabib pic.twitter.com/HTC1xjYWsV

— Bank AL Habib Limited (@BAHLOfficial) November 10, 2020

Frequently Asked Questions

What is the Parameter & Project Scheme?

ParameterProject Scheme
Tier 1Naya Pakistan Housing Development Authority (NAPHDA)
Tier 2Non – NAPDHA /Single House/Unit
Tier 3Non – NAPDHA /Single House/Unit

What is the Size of Housing Unit?

ParameterSize of Housing Unit
Tier 1Housing unit/apartment of up to 125 square yards (up to 5 Marla) with a covered area of up to 850 square feet.
Tier 2Housing unit/apartment of up to 125 square yards (5 Marla) with a covered area of up to 850 square feet
Tier 3Housing unit/apartment of more than 125 square yards and up to 250 square yards (10 Marla) or covered area from more than 850 square feet to 1,100 square feet.

What is the Subsidy Profit/Mark-up Rate?

ParameterEnd User Pricing (Subsidy Rate)Bank Pricing
Tier 1First 5 Year 5%
Next 5 Year 7%
1 Year KIBOR + 250 BPS for a period exceeding 10 years
Tier 2First 5 Year 5%
Next 5 Year 7%
1 Year KIBOR + 400 BPS for a period exceeding 10 years
Tier 3First 5 Year 7%
Next 5 Year 9%
1 Year KIBOR + 400 BPS for a period exceeding 10 years

What is the Maximum Price of Unit ?

Market value of a single housing unit at the time of approval of financing is as under:

ParameterHouse Value
Tier 1PKR 3.5mn
Tier 2PKR 3.5mn
Tier 3PKR 6.0mn

What is the Financing Range ?

ParameterLoan Amount
Tier 1PKR 2.7mn
Tier 2PKR 3.0mn
Tier 3PKR 3.0mn
Bank AL Habib: Mera Pakistan Mera Ghar

READ MORE: Naya Pakistan Housing Scheme: First Pre-Fabricated House inaugurated

Documents Required

For Non-Salaried Individuals

  • Standardized Loan Application Form
  • Valid CNIC of applicant & co-applicant (where applicable)
  • 2 recent color photographs (passport size) of applicant & co-applicant (where applicable)
  • Minimum 3 years proof of business for business individuals and 2 years proof of business for SEP (self employee professional)
  • Acceptable income proof (e.g. NTN Certificate/Tax Returns / Bank Certificate) or any other valid business proof which may be acceptable to the bank
  • Account maintenance certificate and last 6 months Bank Statement(s)

For Salaried Individuals

  • Standardized Loan Application Form
  • Valid CNIC of applicant & co-applicant (where applicable)
  • 2 recent color photographs (passport size) of applicant & co-applicant (where applicable)
  • Minimum 2 years employment period
  • Latest Salary Certificate / Employment Letter mentioning employment details and joining date
  • Salary slip of last month
  • Account maintenance certificate and last 6 months Bank Statement with reflection of salary credits

Contact

For more details

  • Visit http://bankalhabib.com
  • Call us at 111-014-014

Mera Pakistan Mera Ghar By Other Banks

  • UBL Ameen Mera Pakistan Mera Ghar Application Guide
  • NBP Saibaan: Mera Pakistan Mera Ghar [Complete Guide]
  • Meezan Bank Easy Home: Mera Pakistan Mera Ghar [Guide]
  • Alfalah Ghar Asaan: Mera Pakistan Mera Ghar Loan – Bank Alfalah
  • Faysal Tabeer: Mera Pakistan Mera Ghar Loan – Faysal Bank

Follow INCPAK on Facebook / Twitter / Instagram  for update.

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Comments 3

  1. Athar ul Islam says:
    6 hours ago

    Hi,
    I would like to have precise list of house document required by Bank.

    Thankyou,

    Reply
    • FIA says:
      5 hours ago

      Only the bank can provide you the information.

      Reply
  2. Pingback: Bank AL Habib Mera Pakistan Mera Ghar - IslamInvestor.com

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