Government’s Markup Subsidy Scheme for Housing Finance

Sindh Bank brings to you Mera Pakistan Mera Ghar, Government’s Markup Subsidy Scheme for Housing Finance under the guidance of the State Bank of Pakistan. This facility enables you to fulfil your dream of owning your own home with an affordable and easy repayment plan.

The facility offers the following options for your dream home:

  • Purchase of constructed house and Flat/ apartment
  • Purchase of Plot + Construction
  • Construction of housing unit on an already owned plot
  • Expansion/Extension of existing Housing Unit

Eligibility Criteria

  • All men/women holding CNIC
  • First time house owner
  • One individual can have subsidized house loan facility under this scheme only once

Age

  • 25-60 (At the time of Maturity)

Tier of Scheme

  • Financing under Tier 1 is available through banks for financing under NAPHDA projects
  • Financing under Tier 2 and Tier 3 is available through banks for financing of housing units/Apartments/Flats under non-NAPHDA projects

Size of Housing Unit

Tier 1 (T1) House up to 125 sq yds (5 Marla) with maximum covered area of 850 sq ft
Flat/apartment with maximum covered area of 850 sq ft.
Tier 2 (T2) House up to 125 sq yds (5 Marla)
Flat/apartment with maximum covered area of 1,250 sq ft.
Tier 3 (T3) House upto 250 sq yds (10 Marla)
flat/apartment with maximum covered area of 2,000 sq ft..

Age of Housing Unit

Newly constructed housing units during last one year from the date of application. However, this requirement will not be applicable till March 31, 2023 under Tier 2 and Tier 3.

Maximum Price of Housing Units

Maximum Price (Market Value) of a single housing units/Apartments/Flats at the time of approval of financing, as under: Tier 1 (T1) – Rs 3.5 million Tier 2 (T2) and Tier 3 (T3) – No cap

Maximum loan size

Maximum size of the loan of a single housing unit, as under:
Tier 1 (T1) – Rs 2.7 million Tier 2
(T2) – Rs 6.0 million Tier 3
(T3) – Rs 10.0 million

Loan Type
Long term housing finance loans.

Loan Size, Pricing & Security

Loan Tiers Customer Pricing Bank Pricing
Tier-1 3% for first 5 years & 5% for next 5 years 1 Year KIBOR + 250 BPS
Tier-2 5% for first 5 years & 7% for next 5 years 1 Year KIBOR + 400 BPS (Spread may vary)
Tier-3 7% for first 5 years & 9% for next 5 years
For loan tenors exceeding 10 years, market rate i.e. bank pricing will be applicable for the period exceeding 10 years.

Tenure of Loan
Minimum 5 years and maximum 20 years loan tenor, depending upon choice of customers

Monthly Salary
No minimum or maximum salary

Job Experience
No minimum or maximum job experience required.

Geographical Distribution
Whole of Pakistan.

Loan Repayment
Based on Monthly Installment (MI) payable on the 1st of every month.

Processing Fee & Charges
Processing Fees* Rs. 8000/- or as per bank’s schedule of charges
Other charges at Actual
*Processing fee is payable for approved cases at the time of disbursement.

Minimum Documentation
Filled out Application Form
CNIC copy of the applicant / co-applicant
Proof of income documents
Copies of property documents/details of property