Homeownership is going to become a reality now. The Low and Medium Cost Housing Program aims to provide people with affordable housing and make their dreams of a home come true. This scheme provides affordable and suitable options to meet your building and new home buying needs at reasonable prices.
Mera Ghar Mera Pakistan Features/ Benefits
Tiers 1 – Rs. 2.7 million – 3.5 million; size: 125 square yards (5 Marla) – 850 square yards
Tiers 2 – Rs. 3.0 million – 3.7 million; size: 125 square yards (5 Marla) – 850 square yards
Tiers 3 – Rs. 5.0 million – 6.0 million; size: 125 square yards (10 Marla) – 250 square yards; 850 square feet – 1100 square feet
Financing Tenure
Depend on the choice of customers – 10, 15, 20 years
Eligibility Criteria
1- All Pakistani nationality holders
2- First time homeowner
3- Can have only one chance to subsidize from this house financing Scheme
Required Documents
1- Loan application form
2- Product disclosure sheet
3- Valid CNIC
4- Passport size colored photographs
5- Direct debit authority
6- Proof of business verified documents
7- Income assessment documents
8- Rent agreements and all sort of bills copy
9- Income estimation sheet
10- Property takaful report
11- Bureau Reports
Payment Plans
Amount to Finance | Rs 10 Lacs | Rs 20 Lacs | Rs 30 Lacs | Rs 40 Lacs | Rs 50 Lacs |
Monthly Payment | 6,600 | 13,199 | 19,799 | 31,012 | 38,765 |
Source: http://nphp.com.pk/ (Naya Pakistan Housing Program)