KEY FEATURES  | MERA GHAR – MERA ASHIANA

 Eligibility Criteria

• First time homeowners citizens of Pakistan holding CNICs.
• Not owning any housing unit in their name

 Scope

• Purchase of house/flat.
• Construction of house on already owned plot.
• Purchase of plot and construction of house.

 Size of Housing Unit

• House of up to 5 Marla.
• Flat/Apartment of up to 1360 sq. ft. area.

 Participating Financial Institutions (PFIs)

• All commercial banks, Islamic banks, MFBs and HBFCL.

 Bank Pricing

• One Year KIBOR + 3%

 Customer/end user fixed pricing

• Tier 1: 5%
• Tier 2: 8%

 Bank Charges

• No processing cost
• No prepayment penalty

 Loan to Value (LTV) Ratio

• 90:10 (90% loan & 10% equity)

 Risk Coverage

• 10% of the outstanding portfolio under the scheme on first loss basis