NBP Saibaan: Mera Pakistan Mera Ghar [Complete Guide]

NBP Saibaan is a product offered by National Bank of Pakistan under Mera Pakistan Mera Ghar scheme. Like many others banks NBP Saibaan is offered under the PM’s Naya Pakistan Housing Scheme.

NBP Saibaan: Mera Pakistan Mera Ghar

NBP Saibaan will offer an opportunity to fullfil the dream of owning a house. Under this scheme applicants can purchase a home, have it constructed or purchase a land and construct a home on cheaper rates.

The offered under NBP Saibaan is up to 35 Millions, the financing period of which is 3 to 20 years.

The loan facility is available for all Pakistani nationals with satisfactory credit history. The income requirement for government is as low as Rs.5000/-.

For other salaried Class minimum net take home salary requirement is Rs. 10,000/-. For Business Persons & Self-Employed Professionals minimum net take home is PKR 15,000/-.

Products Offered Under NBP Saibaan

1. Home Purchase (House or Apartment)

Financing Amount Upto 35 Million
Financing Period3 to 20 years
Debt and Equity70:30 (Maximum)
Debt Burden 45% (Maximum)

2. Home Construction

Financing AmountUpto 35 Million
Financing Period3 to 20 years
Debt and Equity70:30 (Maximum)
Debt Burden45% (Maximum)

3. Land Purchase Plus Construction

Financing AmountUpto 35 Million
Financing Period3 to 20 years
Debt and Equity70:30 (Maximum)
Debt Burden45% (Maximum)

4. Balance Transfer Facility (BTF)

(If you have a Home Finance Facility outstanding with another bank you can have it transferred to NBP.

General Information

The markup rate being offered is Variable. The variable markup rate is pegged with SBP Discount Rate with spread of 2% in which Life & Disability Insurance coverage is mandatory. The markup rate is revised on every financing anniversary if there is change in SBP Discount Rate. Bank has the right to change the spread for fresh cases.

The mode of repayment is direct deduction (through debt authority) of Installment from salary account or the Customer’s Current Account at NBP which has to be kept funded with at least one monthly installment amount.

Repayment is monthly in the form of Total Monthly Installment (TMI) comprising of principal, mark-up, insurances portions according to the amortization schedule based on pricing and tenure. The amortization schedule will be revised if there is change in bench marked rate on financing anniversary after every 12 installments.

Property insurance and life & disability insurance coverage is mandatory.

Fees, charges and government taxes apply.

Full or partial (balloon) within 5 years will be subjected to early payment service charges @ 2 % of the amount being paid, after 5 years no charges will apply.

In case of late payment, returned cheques and delay in construction, service charges will be levied as per NBP’s approved tariff.

*NBP conditions apply

NBP Saibaan: Mera Pakistan Mera Ghar

Eligibility Criteria

Eligibility *

Age Requirement:

Income Requirement:

Length of Service/Business Requirement:

* NBP conditions apply

Required Documents

With duly filled Applications Form:*

1) FOR SALARIED PERSONS, WHOSE SALARIES ARE DISBURSED THROUGH NBP BRANCH

2) FOR SALARIED PERSONS OF MNCs AND NBP APPROVED COMPANIES

3) FOR OTHER SALARIED PERSONS

4) FOR BUSINESS PERSONS

5) FOR SELF-EMPLOYED PROFESSIONALS

**Any other document may be required on case to case basis by the bank.

NBP Saibaan

How to Apply

Instructions for completing the Application Form:

Note: The form is designed to be viewed in Adobe Acrobat Reader

NBP Saibaan Application Form

** Applicant should submit the Form himself (in-person/ by hand) to NBP Saibaan Team with a non-refundable fees of Rs. 15.Now, housing for all* with NBP Saibaan* NBP conditions apply

DOWNLOAD APPLICATION FORM

NBP SAIBAAN TEAM

Frequently Asked Questions

Q-1. What is NBP Saibaan?
A-1. NBP Saibaan is a Housing Finance Product

Q-2. Who are eligible for NBP Saibaan?
A-2. All Pakistani resident nationals, CNIC Holder, having clean eCIB & DataCheck reports and maintaining salary / current account with NBP subject to fulfillment of the policy parameters of NBP Saibaan.

Q-2. What kind of Products are offered under NBP Saibaan?
A-2. Following five products are being offered under NBP Saibaan:

  1. Home Purchase Finance (HP), for the purchase of ready residential house or apartment.
  2. Home Construction Finance (HC), for construction and extension of self owned residential property.
  3. Balance Transfer Facility (BTF), for taking over house loan from other financial institute.
  4. Land Purchase plus Construction (LPC), for purchasing of residential plot and subsequently.

Q-3. What is Balance Transfer facility (BTF)?
A-3. If a customer has already availed housing finance facility from another bank then his/her outstanding financing amount can be transferred to NBP subject to a 24 months satisfactory repayment history and fulfillment of all the terms and conditions of NBP Saibaan.

Q-4. What is the maximum financing amount being offered under NBP Saibaan?
A-4. Maximum financing amount being offered is as under:

Home Purchase PKR Up to 35 million
Home Construction PKR Up to 35 million
BTF PKR Up to 35 million
Purchase of Land plus construction PKR Up to 35 million
(Financing amount shall depend upon the net take home salary/income of the borrower and other product criteria).

Q-5. What is the tenure of the financing?
A-5. The tenure for products is as under:

(Actual tenure depends on age of the customer).

Q-6. What is the Debt to equity ratio?
A-6. Product wise debt to equity ratio is as under:

Q-7. What is the maximum percentage allowed for debt burden?
A-7. The maximum debt burden percentage is 45%.

Q-8. What type of mark-up rate is being offered and what is the bench markup of mark-up rate?
A-8. The markup rate being offered is Variable. The variable markup rate is pegged with SBP Discount Rate with spread of 2% in which Life & Disability Insurance coverage is mandatory. The markup rate is revised on every financing anniversary if there is change in SBP Discount Rate. Bank has the right to change the spread for fresh cases.

Q-9. Is Grace Period available under NBP Saibaan?
A-9. Maximum grace period allowed in Home Construction and Land Purchase plus Construction cases is 15 months. During this grace period the monthly installment comprises of markup and insurance amount only. No grace period is allowed for Home Purchase, Home Improvement and BTF.

Q-10.What is the minimum income requirement?
A-10. The minimum income requirement is as under:

Q-11. What is the minimum & maximum age requirement?
A-11. Details are as under:

Q-12. What is the mode of repayment?
A-12. The mode of repayment is direct deduction (through debt authority) of Installment from salary account or the Customer’s Current Account at NBP which has to be kept funded with at least one monthly installment amount.

Q-13. Can NBP Saibaan be applied with Co-applicant?
A-13. Yes, NBP Saibaan can also be applied with Co-applicant. Spouse, parents and adult male children can be co-applicant. Co-applicant’s income may be clubbed.

Q-14. What will be processing fees and External Agencies charges?
A-14. Details are as under:

For Govt. employees PKR 500/- irrespective of the finance amount.
For others
PKR 1000/- for financing up to PKR 1 Million
PKR 3000/- for financing up to PKR 4 Million
PKR 6000/- for financing above PKR 4 Million.

Income estimation, legal and valuation fee will be charged as per actual, which varies from Region to Region.
Q-15. What is length of service/business requirements?
A-15. The requirement of length of service/business is as under:

Q-16.What is the property eligibility criteria?
A-16. Property eligibility criteria is as under:

Q-17. What is the Property and Life & Disability Insurance requirements?
A-17. Both property and life & disability insurance coverage is mandatory. The premium rates are as under:

**Rates could vary depending upon the assessment of actual risk based on medical examination of the borrower by the Insurance Company. Moreover, if due to medical reason the coverage is declined then financing request is also declined.

Q-18. What is the collateral requirements?
A-18. The requirements of collateral are as under:

For collateral purposes, the property for the purchase/construction/BTF and LPC for which the financing is being provided, will be mortgaged.
Equitable and partly Registered Mortgage will be created on the property. Cost of the same to be borne by the customer. However, Bank may require 100% registered mortgage.
All the original property documents will be in Bank’s custody.
Q-19. How disbursement will be made?
A-19. Details are as under:

** Rates/Charges are subject to change as per market factor/SBP regulations etc.
For more information, contact the nearest designated NBP Branch

Also Check the Mera Pakistan Mera Ghar ‘Naya Pakistan Housing Scheme’ Loan facility by other banks

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