Askari Bank – Mera Pakistan, Mera Ghar Scheme

Askari Bank offers affordable Home Financing Facility under the patronage of Government of Pakistan and State Bank

Particulars
Criteria
Eligible IndividualsSalaried, Non Salaried & Pensioners
Purpose of FinanceFirst purchase of a newly constructed residential property (Apartment/Flat/House)Construction of Housing Unit
Geographical DistributionWhole of Pakistan
Project SchemesNAPDHA ProjectsPrivate Projects (Non NAPDHA)Single House/Unit (Non NAPHDA)(NAPHDA – NAYA Pakistan Housing & Development Authority)
Eligibility CriteriaAll men/women holding CNICFirst 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 (NAPHDA Projects)
Housing Units/Flats/Apartments of up to 125 sq. yards (upto 5 Marla) with covered area of up to 850 square feet.
Tier 2
Housing Units/Flats/Apartments of up to 125 sq. yards (5 Marla) with covered area of up to 850 square feet.
Tier 3
Housing units of more than 125 sq. yards up to 250 sq. yds (10 Marla) or Apartment with covered area from more than 850 square feet to 1,100 square feet.
Maximum Price of Housing UnitTier 1 & Tier 2 – Rs.3.5 Million
Tier 3              – Rs. 6.0 Million
Maximum Finance AmountTier 1 – Rs.2.7 Million
Tier 2 – Rs.3.0 Million
Tier 3 – Rs.5.0 Million
Tenure of Loan10,15 or 20 years, as per choice of the customer

Mark-up Rates/End User Pricing

DescriptionTenor Upto 10 YearsTenor
Exceeding 10 Years
Tier – 1First 5 Years – 5%
Next 5 Years – 7%
Market rate shall be applicable
Tier – 2First 5 Years – 5%
Next 5 Years – 7%
Market rate shall be applicable
Tier – 3First 5 Years – 7%
Next 5 Years – 9%
Market rate shall be applicable

Documents

  • Application Form
  • 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.

Application Form

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