Mera Pakistan, Mera Ghar Scheme

Askari Bank offers Government’s Mark-up Subsidy Scheme for Housing Finance.

Particulars Criteria
Eligible Customers Salaried, Self Employed Individuals
Purpose of Finance
  • First purchase of a newly constructed residential property (Apartment/Flat/House)
  • Purchase of Plot + Construction
  • Construction of housing unit on already owned plot
  • Expansion/Extension of existing Housing Unit
Approved Cities Whole of Pakistan
Eligibility Criteria
  • All men/women holding CNIC
  • First time home owner.
  • The borrower must not have availed housing finance previously from any Bank/DFI (as per latest eCIB/Data Check)
  • One individual can have subsidized house finance facility under the scheme, only once.
  • Only for construction and first purchase of newly constructed affordable housing units.
Size of Housing Unit (Apartment/House) Tier 1 (T1) only for NAPDHA Projects – (a) House upto 125 sq yds (5 Marla) with maximum covered area of 850 sq ft and (b) Flat/apartment with maximum covered area of 850 sq ft.

Tier 2 (T2) – (a) House upto 125 sq yds (5 Marla) and (b) flat/apartment with maximum covered area of 1,250 sq ft.

Tier 3 (T3) – (a) House upto 250 sq yds (10 Marla) and (b) flat/apartment with maximum covered area of 2,000 sq ft.

Maximum Price of Housing Unit Maximum price (Market Value) of a single housing unit at the time of approval of financing, shall be as follows:
Tier 1 (T1) – Rs 3.5 million
Tier 2 (T2) & Tier 3 (T3) – No cap
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 to 20 Years
Mark-up Rates/End User Pricing
Description Tenor
Upto 10 Years
Tenor
Exceeding 10 Years
Tier – 1 First 5 Years – 3%
Next 5 Years – 5%
1 Year KIBOR + 2.5%
Tier – 2 First 5 Years – 5%
Next 5 Years – 7%
1 Year KIBOR + 4%
Tier – 3 First 5 Years – 7%
Next 5 Years – 9%
1 Year KIBOR + 4%
Minimum Monthly Net Disposable Income/Take Home Income
  • Permanent Salaried Employees including Govt. Employees/Pensioners
  • Contractual Employees
  • Average Monthly Balance for Self Employed Individuals
Rs.40,000/-

Rs.45,000/-
Rs.50,000/-

Minimum Equity Requirements Tier 1 – 10%
Tier 2 – 10%
Tier 3 – 15%
Processing Fee Rs.6,000/-
Balloon Payment/Early Settlement Charges Nil
Age of Property The mortgage facility is available for purchase of newly constructed housing unit, during the 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.
Property and Life Insurance Property insurance is mandatory, however, life insurance is optional. Cost of insurance shall be borne by the customer.
Other Charges Charges other than mark-up shall be applicable as per AKBL’s prevailing Schedule of Charges

To see list of designated branches, please click here

For queries and information, please call Askari Bank’s Call Center at 111-000-787 or Pakistan Banks Association’s Joint Call Center at 0337-7786786

  • Application Form (click here to download)
  • Copy of Valid CNIC
  • Salary Slip/Proof of Income
  • Last 6 months Bank Statement
  • Copies of Title Documents.
  • Any other document required by the Bank.
Loan Amount Tier Tentative Installments (20 Years)
1st 5 Years Next 5 Years > 10 Years
1,000,000 Tier-1 6,600 7,501 8,797
Tier-2 6,600 7,501 9,483
Tier-3 7,753 8,749 9,962
2,000,000 Tier-1 13,199 15,002 17,595
Tier-2 13,199 15,002 18,966
Tier-3 15,506 17,497 19,923
3,000,000 Tier-2 19,799 22,503 28,448
Tier-3 23,259 26,246 29,885
4,000,000 Tier-3 31,012 34,995 39,847
5,000,000 Tier-3 38,765 43,744 49,808
Click here to view Frequently Asked Questions