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Naya Pakistan Housing Scheme Loan

Introduction:

Everyone has a dream home that s/he wishes to build and live in. Pakistan is a developing country where most of the people are below the poverty line. This financial distress is the key factor that disables people from building their houses. Owing to this, the Naya Pakistan Housing Scheme loan service has been initiated under the tag of Mera Pakistan Mera Ghar to help people become homeowners.

Under this initiative, various commercial banks are offering loans to the people after the direction and policy from the State Bank of Pakistan. All the commercial banks, including Islamic banks, Meezan Bank, and House Building Finance Company Limited (HBFCL), have announced their plans and criteria to get the loans.

List of Banks Providing Home Loans:

Below is the list of banks that provide a mortgage to people who wish to build houses of their own under Naya Pakistan Housing Scheme loan:

List of Banks Providing Home Loans

  • Meezan Bank
  • Bank Alfalah Islamic
  • HBL Islamic Bank
  • Bank Al Habib
  • Faysal Bank
  • JS Bank
  • Silk Bank
  • Summit Bank
  • Al Baraka Bank
  • Bank of Punjab
  • Askari Bank Limited
  • Allied Bank Limited
  • United Bank Limited
  • Standard Chartered Bank
  • Muslim Commercial Bank
  • MCB Islamic Bank Limited
  • National Bank of Pakistan
  • Khushali Microfinance Bank

Meezan Bank:

Meezan Bank is offering home financing to the interested candidates. Following are the necessary details:

meezan bank house loan

Eligibility Criteria:

Below are the eligibility criteria:

  • All Pakistani nationals with CNIC
  • First-time homeowner, one unit per household
  • A candidate can avail of this subsidized housing finance facility only once
  • The loan scheme applies only for construction and first purchase of newly constructed affordable housing units
  • NAPHDA Projects: Trust will be responsible for the title documents

For the application form, click here.

For the required documents, click here.

For the payment plan, click here.

Bank Alfalah Islamic:

Bank Alfalah Islamic Banking also announces its policy and criteria for the Naya Pakistan Housing Scheme home loan. Below are the details:

naya pakistan housing scheme loan Bank Alfalah

  • Financing Period of 20 years
  • Loan Financing up to 50 Lac
  • Processing Time within 30 days
  • 5% rental rate

For further details, visit the official website of Bank Alfalah Islamic.

HBL Islamic Bank:

HBL Islamic Bank publicizes its policy and criteria for the home loan for Naya Pakistan Housing Scheme. Below are the details:

naya pakistan housing scheme loan HBL

  • Financing Period of 20 years
  • Loan Financing up to 50 Lac
  • Processing Time within 30 days
  • Starting with 5% lowest rental rate
  • 10.99% Rental

Bank Al Habib:

With the support of the government of Pakistan and the State Bank of Pakistan, Bank Al Habib offers an affordable Housing Finance Scheme. Through this scheme, you can realize your dream of owning a home and securing your future.

naya pakistan housing scheme loan Bank Al Habib

Eligibility Criteria:

Below are the eligibility criteria:

  • Pakistani nationals with valid CNIC
  • First-time homeowner, one unit per household
  • A candidate can avail of this subsidized housing finance facility only once
  • Minimum employment/business experience of 5 years

Monthly Income:

  • Salaried Individuals – Rs. 25,000 up to Rs. 100,000/- per month net disposable income
  • Non-Salaried Individuals – Rs. 25,000 up to Rs. 140,000/- per month net disposable income

Age (Applicant & Co-applicant)

  • 25-60 years

For further details, click here.

Faysal Bank:

Faysal Bank also comes forward to provide home loans to fulfill your residential requirements.

naya pakistan housing scheme loan Faysal Bank

Eligibility Criteria:

Below are the eligibility criteria:

  • Pakistani nationals holding valid CNIC
  • First-time homeowner, one unit per household
  • A candidate can avail of this subsidized housing finance facility only once
  • The loan scheme applies only for construction & first purchase of newly constructed affordable housing units

For more information about the home loan, click here.

JS Bank:

JS Bank home loan facility gives affordable and simple loan plans to the people who want to become homeowners.

Eligibility Criteria:

Below are the eligibility criteria:

  • Pakistani nationals with CNIC or NICOP
  • First-time homeowner, one unit per household
  • A candidate can avail of this subsidized housing finance facility only once
  • The loan applies only for purchase (of ready property) or purchase and construction of plot plus housing unit

You can get the application form along with further information by clicking here.

Al Baraka Bank:

Al Baraka Bank features a home loan facility that gives affordable and simple loan plans to the people who want to become homeowners.

naya pakistan housing scheme loan Al Baraka Bank

Eligibility Criteria:

Below are the eligibility criteria:

  • Pakistani nationals with CNIC
  • First-time homeowner, one unit per household
  • A candidate can avail of this subsidized housing finance facility only once
  • First transaction on the property/asset
  • Salaried/ Self Employed Businessman/ Self Employed Professional

For further details about the home loan, visit the website of Al Baraka Bank.

Bank of Punjab (BOP):

Bank of Punjab features a home loan facility that gives affordable and simple loan plans to the people who want to become homeowners.

naya pakistan housing scheme loan Bank of Punjab

Eligibility Criteria:

Below are the eligibility criteria:

  • Pakistani nationals with CNIC
  • First-time homeowner, one unit per household
  • A candidate can avail of this subsidized housing finance facility only once
  • First transaction on the property/asset

Further links:

Askari Bank:

Askari Bank features a home loan facility that gives affordable and simple loan plans to the people who want to become homeowners.

naya pakistan housing scheme loan Askari Bank

Eligibility Criteria:

Below are the eligibility criteria:

  • Pakistani nationals with CNIC
  • Salaried, non-salaried, and pensioners
  • First-time homeowner, one unit per household
  • First transaction on the property/asset
  • A candidate can avail of this subsidized housing finance facility only once

For more information, click here.

Allied Bank Limited:

To ensure the availability of long-term finance for housing, Allied Bank is offering housing finance/ home loans for the house up to 125 Sq. Yards (5 Marla) and up to 250 Sq. Yards (10 Marla), flat/apartment with a maximum covered area of 1,250 sq. ft. and 2,000 sq. ft.

naya pakistan housing scheme loan Allied Bank Limited

Eligibility Criteria:

Below are the eligibility criteria:

  • Pakistani nationals with CNIC
  • Salaried, non-salaried, and pensioners
  • First-time homeowner, one unit per household
  • First transaction on the property/asset
  • A candidate can avail of this subsidized housing finance facility only once

For further details, click here.

United Bank Limited (UBL):

UBL is also offering affordable loans to people that can assist in the construction of homes.

naya pakistan housing scheme loan United Bank Limited

Eligibility Criteria:

Below are the eligibility criteria:

  • Pakistani nationals with CNIC
  • Salaried, non-salaried, and pensioners
  • First-time homeowner, one unit per household
  • First transaction on the property/asset
  • A candidate can avail of this subsidized housing finance facility only once

For more details, click here.

Standard Chartered Bank (SCB):

Standard Chartered Bank is offering housing finance/ home loans to ensure the availability of long-term finance for housing. The loans are for the house up to 125 Sq. Yards (5 Marla) and up to 250 Sq. Yards (10 Marla), flat/apartment with a maximum covered area of 1,250 sq. ft. and 2,000 sq. ft.

naya pakistan housing scheme loan Standard Chartered Bank

Eligibility Criteria:

Below are the eligibility criteria:

  • Pakistani nationals with CNIC
  • Salaried, non-salaried, and pensioners
  • First-time homeowner, one unit per household
  • First transaction on the property/asset
  • A candidate can avail of this subsidized housing finance facility only once

Muslim Commercial Bank (MCB):

Muslim Commercial Bank is offering housing finance/ home loans to ensure the availability of long-term finance for housing. Customers can get a loan of Rs 2.7 million to Rs 6 million to buy a five-marla or ten-marla house/flat/apartment.

naya pakistan housing scheme loan Muslim Commercial Bank

Eligibility Criteria:

Below are the eligibility criteria:

  • Pakistani nationals with CNIC
  • Salaried, non-salaried, and pensioners
  • First-time homeowner, one unit per household
  • First transaction on the property/asset
  • A candidate can avail of this subsidized housing finance facility only once

MCB Islamic Bank Limited:

MCB Islamic Bank Limited is also offering affordable loans to people that can assist in the construction of homes.

Eligibility Criteria:

Below are the eligibility criteria:

  • Pakistani nationals with CNIC
  • Salaried, non-salaried, and pensioners
  • First-time homeowner, one unit per household
  • First transaction on the property/asset
  • A candidate can avail of this subsidized housing finance facility only once

National Bank of Pakistan (NBP):

National Bank of Pakistan offers home loans to ensure the availability of long-term finance for housing. The loans are for the house up to 125 Sq. Yards (5 Marla) and up to 250 Sq. Yards (10 Marla), flat/apartment with a maximum covered area of 1,250 sq. ft. and 2,000 sq. ft.

naya pakistan housing scheme loan National Bank of Pakistan NBP

Eligibility Criteria:

Below are the eligibility criteria:

  • Pakistani nationals with CNIC
  • Age of candidate between 25-55 years
  • Salaried, non-salaried, and pensioners
  • First-time homeowner, one unit per household
  • First transaction on the property/asset
  • A candidate can avail of this subsidized housing finance facility only once

For further details, click here.

Conclusion:

Naya Pakistan Housing Scheme loan scheme is helping the middle and lower-middle classes of Pakistan to become homeowners. In this respect, various commercial banks of Pakistan are offering home financing with the support of the government of Pakistan and the State bank of Pakistan. The Naya Pakistan Housing Scheme Loan facility is providing affordable loans on simple conditions. This initiative is helping a myriad of Pakistanis to realize their dream of owning a home.

 

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