Faysal Tabeer: Mera Pakistan Mera Ghar Loan – Faysal Bank

Faysal Bank is accepting applications for Faysal Tabeer which is their name for Mera Pakistan Mera Ghar Loan being provided for the construction and purchase of newly constructed low-cost housing under the Naya Pakistan Housing Programme (NPHP).

Faysal Tabeer: Mera Pakistan Mera Ghar Loan – Faysal 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.

Faysal Tabeer (Mera Pakistan Mera Ghar) offers convenient and affordable option to fulfill your residential requirements. Now you can buy a house / apartment or opt for construction finance in a complete Shariah compliant way using Diminishing Musharakah mode of financing.

Read more: Naya Pakistan Housing Scheme – locations, rates & prices.

Faysal Bank – Mera Pakistan Mera Ghar Loan (Faysal Tabeer) Information

TierSize of Housing UnitMaximum Price of Housing Unit (PKR)Maximum Financing (PKR)Customer Pricing
(Rental Rate)
Tier 1 (T1) (NAPHDA Projects)Housing Units/apartments of up to 125 square yards (up to 5 Marla) with covered area of up to 850 square feet. (NAPHDA)3.5 Million2.7 Million5% for first 5 years & 7% for next 5 yearsFor period exceeding 10 years = 1 year KIBOR + 2.5%
Tier 2 (T2)(Non-NAPHDA Projects)Housing Units/apartments of up to 125 square yards (5 Marla) with covered area of up to 850 square feet.3.5 Million3.0 Million5% for first 5 years & 7% for next 5 yearsFor period exceeding 10 years = 1 year KIBOR + 4%
Tier 3 (T3)(Non-NAPHDA Projects)Housing Units of more than 125 square yards up to 250 square yards (10 Marla) or apartments with covered area from more than 850 square feet to 1,100 square feet.6.0 Million5.0 Million7% for first 5 years & 9% for next 5 yearsFor period exceeding 10 years = 1 year KIBOR + 4%

*FINANCING TENURE: UP TO 20 YEARS

Eligibility Criteria

Faysal Bank Mera Pakistan Mera Ghar (Faysal Tabeer) – Security Requirements

As per banks’ credit policy and prudential regulations for housing finance, the housing unit financed will be mortgaged in favor of financing bank.

Documents required:

DocumentOriginal or CopySelf EmployedSalaried
Product Disclosure SheetOriginalYesYes
Valid Computerized National Identity Card (CNIC) (of both applicant and Co-partner, if applicableCopyYesYes
2 passport size color photographs each for applicant and co-partner (if applicable)OriginalYesYes
6 month Bank Statement (if applicable)OriginalYesYes
Facility Application form (FAF) including CF undertakingOriginalYesYes
Undertaking for first time homeownerOriginalYesYes
Title Document of the property to be mortgaged (if applicable)CopyYesYes
Bank Statement of 1 year (if available) (for businessman only)OriginalYesNot Required
NTN or any other business proof document (if available)Original/CopyYesNot Required
Current Salary Slip or Employer letter/ Salary Certificate (salary breakup and deductions to be clearly mentioned). Maximum of 60 days old salary slip may be accepted.Original salary slip/e-slip does not require stamp or signOriginal/CopyNot RequiredYes
Professional Degree & Or valid Membership of applicable Professional bodyCopyYesNot Required

You can find more information about Mera Pakistan Mera Ghar by clicking the post below:

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