Mera Pakistan, Mera Ghar Scheme

In order to provide highly affordable housing finance at a subsidized mark up rate, Askari Bank offers mark up subsidy scheme in the name of “Mera Pakistan Mera Ghar”, which is specifically designed for the homeless individuals to make them owner of the house/residential unit, instead of living at rented house.

Salient Features of Mark up Subsidy Scheme are as follows :

  1.    Discounted Processing Fee   – (Rs.6,000 Only)
  2.    Fixed Mark up rate as low as 2% per annum
  3.    No Partial Payment Charges
  4.    No Early Settlement Charges
  5.    Property Insurance Rate as low as 0.05% of sum insured
  6.    Quick Processing & Minimum Documentation
  7.    Financing available for first time home owners only
  8.    Financing available for Purchase/Construction of House and for Purchase of Flat/Apartment
  9.    Flexible Payment Plan upto 20 Years Loan Tenor
  10.  Financing upto Rs. 10 Million


Mark up Rates

Loan Category First 5 Years From Year 6 to Year 10 From Year 11 to Year 15 Tenor Exceeding 15 Years
Tier 1 (NAPHDA Projects Only)

2%

4%

5%

1 Year KIBOR + 2.5%

Tier 2 (Non NAPHDA Projects)

5%

7%

1 Year KIBOR + 4%

1 Year KIBOR + 4%

Tier 3 (Non NAPHDA Projects)

7%

9%

1 Year KIBOR + 4%

1 Year KIBOR + 4%

Particulars Criteria
Who Can Apply a)    All Men/Women Holding Valid CNIC – Salaried/ Self Employed Individuals
b)    First time home owner.
c)    The borrower must not have availed housing finance previously from any Bank/DFI.
d)    One individual can avail subsidized house finance facility under the scheme, only once.
Purpose of Finance
    a)   First purchase of a residential property (Apartment/Flat/ House)
    b)   Purchase of Plot + Construction
    c)   Construction of housing unit on already owned plot
    d)   Expansion/Extension of existing Housing Unit
Size of Housing Unit (Apartment/House) Tier 1 (NAPHDA Projects Only)
(a)    House upto 125 square yards (5 Marla) with maximum covered area of 850 square feet
(b)    Flat/apartment with maximum covered area of 850 square feet.

Tier 2 (Non NAPHDA Projects)
(a)    House upto 125 square yards (5 Marla)
(b)    Flat/apartment with maximum covered area of 1,250 square feet.

Tier 3 (Non NAPHDA Projects)
(a)    House upto 250 square yards (10 Marla)
(b)    Flat/Apartment with maximum covered area of 2,000 square feet.

Maximum Price/Value of Housing Unit Tier 1 (T1) – Rs 3.5 million
Tier 2 (T2) – No Upper Limit
Tier 3 (T3) – No Upper Limit

Minimum Finance Amount Rs. 500,000/-
Maximum Finance Amount Tier 1 – Rs.2.7 Million
Tier 2 – Rs.6.0 Million
Tier 3 – Rs.10.0 Million
Tenure of Loan 5 Years to 20 Years
Age of Borrower/Co-Borrower Minimum Age 21 Years
Maximum Age 60 Years      (At the Time of Loan Maturity)
Minimum Monthly Net Disposable Income/Take Home Income Permanent Salaried Employees including Govt. Employees/Pensioners Rs.40,000/-

Contractual Employees with Renewable Contracts Rs.45,000/-

Minimum Average Monthly Balance for Self Employed Individuals Rs.50,000/-
Minimum Equity Requirements Tier 1 – 10%
Tier 2 – 10%
Tier 3 – 15%

Property/Life Insurance Property Insurance is mandatory.
However, life insurance is optional.
Cost of insurance shall be borne by the customer.
Age of Property The housing unit should not be more than 40 years old at the time of loan maturity.

This facility is available for purchase of newly constructed housing unit, during the last one year from the date of application. However, this requirement is not applicable till March 31, 2023 under Tier 2 and Tier 3.

To see the expected monthly instalment amount, please click here.

To see the list of documents required to apply for loan, please click here.

You can apply for loan in approved areas of approved societies, subject to applicable terms & conditions as per bank’s standard practices. To see list of approved societies, please click here.

To download Application Form + Undertaking & Product Key Fact Statement, please click here

For further queries and information, please click here for Frequently Asked Questions (FAQs) or call us at 111-000-787 or call Pakistan Banks Association’s Joint Call Centre at 0337-7786786.

To see the list of designated branches, please click here.

To apply for the loan, please visit any branch of Askari Bank along with required documents.

Loan Amount    (in PKR) Loan Category Tentative Installments (For 20 Years Loan)

First 5 Years

From Year 6 to Year 10

Tenor Exceeding 10 Years

Rs.1,000,000 Tier-1

Rs.5,059

Rs.5,787

Rs.6,022

Tier-2

Rs.6,600

Rs.7,473

Rs.10,414

Tier-3

Rs.7,753

Rs.8,721

Rs.11,147

Rs.2,000,000 Tier-1

Rs.10,118

Rs.11,574

Rs.12,043

Tier-2

Rs.13,199

Rs.14,946

Rs.20,829

Rs.Tier-3

Rs.15,506

Rs.17,442

Rs.22,293

Rs.3,000,000 Tier-2

Rs.19,799

Rs.22,419

Rs.31,243

Tier-3

Rs.23,259

Rs.26,163

Rs.33,440

Rs.4,000,000 Tier-2

Rs.26,398

Rs.29,892

Rs.41,657

Tier-3

Rs.31,012

Rs.34,884

Rs.44,586

Rs.5,000,000 Tier-2

Rs.32,998

Rs.37,365

Rs.52,072

Tier-3

Rs.38,765

Rs.43,606

Rs.55,733

Rs.6,000,000 Tier-2

Rs.39,597

Rs.44,839

Rs.62,486

Tier-3

Rs.46,518

Rs.52,327

Rs.66,879

Rs.7,000,000 Tier-3

Rs.54,271

Rs.61,048

Rs.78,026

Rs.8,000,000 Tier-3

Rs.62,024

Rs.69,769

Rs.89,172

Rs.10,000,000 Tier-3

Rs.77,530

Rs.87,211

Rs.111,465

To see list of approved societies, please click here
  • Application Form
  • Copy of Valid CNIC
  • Salary Slip/Proof of Income
  • Latest Bank Statement – 6 Months for Salaried/Pensioners & 12 Months for Self Employed Individuals
  • Copies of Title Documents
  • Any other document required by the Bank
Click here to view Frequently Asked Questions