Mera Ghar – Mera Ashiana (SBP Scheme)

Mera Ghar - Mera Ashiana Markup Subsidy and Risk Sharing Scheme

Sindh Bank brings to you Mera Ghar – Mera Ashiana Profit Subsidy and Risk Sharing Scheme for Housing Finance under the guidance of the State Bank of Pakistan & fully Shariah-compliant manner through the Diminishing Musharakah mode of Financing.. This facility enables you to fulfil your dream of owning your own home with an affordable and easy repayment plan.

Scope
  • Purchase of constructed house and Flat/apartment
  • Construction of housing unit on an already owned plot
Eligibility Criteria
  • All men/women holding CNIC
  • First time house owner
  • Not owning any housing unit in their name
  • One individual can have subsidized house loan facility under this scheme only once
Minimum Income Criteria Rs. 40,000/- per month
Age Salaried Individuals:
  • Age between 21 and 60 years or retirement date.
Business Individuals:
  • Age between 21 and 65 years or retirement date.
Debt Burden 50% maximum
Financing Limit
  • T1 = Up to PKR 2.0 Million
  • T2 = Above PKR 2.0 Million and up to PKR 3.5 Million
Maximum Loan Tenor 20 years (subsidy for 10 years)
Size of Housing Unit
  • House of up to 5 Marla
  • Flat/Apartment of up to 1360 sq. ft. area
Rental Rate
  • Tier 1: 5% for 1st 10 years and variable at KIBOR+3% for subsequent years
  • Tier 2:8% for 1st 10 years and variable at KIBOR+3% for subsequent years
Maximum Loan to Value (LTV) Ratio 90:10 (90% loan & 10% equity)
Bank Charges
  • No processing cost
  • No prepayment penalty
Other charges remain as per SOC
*Terms & Conditions Apply