Particulars |
Details |
Eligible Segments/Individuals |
- Special Persons holding CNIC with disability logo/symbol
- Transgender, as per CNIC
- Persons who desire to construct (including plot purchase) housing unit in the Mohmand, Bajaur, Orakzai, Kurram, Khyber, North Waziristan & South Waziristan districts of Khyber Pakhtunkhwa
- Widows having verifiable income (including housewife, living with earning family member)
- Children of Martyrs (Shaheed) of law & enforcement agencies, Armed Forces and Civilians martyred in terrorist attacks. Acceptable verifiable income & evidence of “Shahaadat” will be mandatory
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Scope of Product |
- First time home owner
- The borrower must not have availed housing financing previously from any Bank/DFI, including AKBL Staff House Building Finance
- The loan shall be allowed for construction of new housing unit
- Covered area of the housing unit/apartment in urban area shall not exceed 850 square feet
- The financing for plot to be purchased for construction of house shall be allowed upto a maximum of Rs. 1,000,000/- only
- The borrower shall not rent out the mortgaged house till the completion of 5 years (60 installments) and not allowed to sell the same till the date of final adjustment of financed amount
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Loan Amount |
Minimum: Rs. 500,000/-
Maximum: Rs. 2,700,000/- |
Maximum Property Value |
Maximum Forced Sale Value (FSV) of the housing unit will be upto Rs.3,000,000/- including plot value). Maximum covered area of the housing unit/apartment in urban area shall be upto 850 square feet |
Minimum Net Monthly Salary/Income |
Rs. 35,000/- |
Maximum Net Monthly Salary/Income |
Rs.100,000/-
(The individuals with higher income shall not be eligible under this scheme) |
Loan Tenor |
Minimum: 3 years
Maximum: 12 1/2 years (inclusive of grace period) |
Maximum Grace Period |
06 Months
(Repayment of loan shall start after grace period) |
Age of Borrower |
Minimum age: 21 years
Maximum age: 60 years at the time of loan maturity (salaried)
Maximum age: 65 years at the time of loan maturity (other than salaried) |
Mark-up Rate |
Fixed mark-up rate will be charged to the borrower @ 5% per annum
In case of default, bank will charge normal mark-up rate (shelf rate) against the default period, as applicable for normal customers |
Validity of Scheme |
The financing is available till December 31, 2023 |
Equity Requirement |
Minimum 20% of Forced Sale Value of the Mortgaged Property/Construction Cost, evaluated by the approved valuator of PBA |
Types of Mortgage Finance |
The loan shall be allowed for:
- Construction of House/Residential Unit
- Purchase of plot plus construction
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Documents Required |
- Application Form duly filled in all respect
- Copy of valid CNIC
- Latest salary slip/copy of Pension Book
- Evidence of eligibility (widow, transgender, Shaheed etc.)
- Recent bank statement (1year for SEB/SEP & 6 months for others)
- Undertaking (HF-4) duly signed by Borrower/Co-Borrower on
Non-judicial stamp paper (as per value prevailing in the Province)
- Valuation/BOQ/Legal Opinion/Income Estimation
- Any other document deemed necessary by the bank
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