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Mera Pakistan Mera Ghar Housing Scheme is offered under the Shariah-compliant guidelines of Diminishing Musharakah mode of financing that offers our customers a convenient and affordable option to get the house of their dreams.
Buy a Home: Purchase a constructed property through this facility.
Buy and Build a Home: Avail this facility if you want to buy a piece of land and subsequently construct a house.
Financing will be available for expansion/extension of existing housing units, provided the housing unit after expansion/extension falls within the criteria specified under the facility. Financing for the renovation of the current housing unit will not be allowed under the facility.
Financing under Tier 1 is available through banks for the funding under NAPHDA projects.
Financing under Tier 2 and Tier 3 is available through banks to fund housing units under non-NAPHDA projects.
Tiers | SIZE OF HOUSING UNIT | Maximum Price of Housing Unit | Maximum Financing | Minimum Contribution from Customer |
---|---|---|---|---|
Tier 1 (NAPHDA Projects) | House up to 125 square yards (5 Marla) Apartments with maximum covered area of up to 850 square feet |
PKR 3.5 million | PKR 2.7 million | 10% of property value |
Tier 2 | House up to 125 square yards (5 Marla) Apartments with maximum covered area of up to 1,250 square feet |
No cap | PKR 6.0 million | 10% of property value |
Tier 3 | House up to 250 square yards (10 Marla) Apartments with maximum covered area of up to 2,000 square feet |
No cap | PKR 10.0 million | 15% of property value |
Note: Financed housing unit will be mortgaged in favor of HBL Islamic Banking as per the applicable policy and SBP prudential regulations.
Parameters | Details |
---|---|
Allowed Financing Cities | All cities of Pakistan where HBL Islamic Banking has a branch |
Monthly Income | No Minimum or Maximum Income Requirement |
Work Experience | Employment Proof (for Salaried) Existing HBL Customer Gov/AOL Employee - 6months Non AOL employee - 1 Year New Customer Gov/ AOL Employee - 1 Year Non AOL employee - 2 Years Length of Business Proof (for Self Employed) Existing HBL Customer - 1 Year New Customer - 2 Years |
Income Clubbing for Co-applicant / Co-partner | 100% Clubbed
|
Financing tenure from 5 years to 20 years
Subsidized Rate | First 5 years | Next 5 years | For period exceeding 10 years |
---|---|---|---|
Tier 1 | 3% | 5% | 1 yr KIBOR plus 2.5% |
Tier 2 | 5% | 7% | 1 yr KIBOR plus 4% |
Tier 3 | 7% | 9% | 1 yr KIBOR plus 4% |
Please visit your nearest HBL Islamic branch to apply.
Under this arrangement, the bank and the customer become joint owners of a property. Bank’s ownership share is divided into units that customers periodically purchase to become the complete owner of the property. The customer pays agreed rentals for using the bank’s share in the property until the absolute ownership.
Terms and conditions apply. Charges to be applied as per effective Islamic Schedule of Banking Charges (I-SOBC).
For more information, Please call Mera Pakistan, Mera Ghar - Helpline: 033 77 786 786