Faysal Tabeer: Mera Pakistan Mera Ghar Loan - Faysal Bank

Faysal Bank is accepting applications for Faysal Tabeer which is their name for Mera Pakistan Mera Ghar Loan being provided for the construction and purchase of newly constructed low-cost housing under the Naya Pakistan Housing Programme (NPHP).

Mera Pakistan Mera Ghar, Faysal Tabeer, Faysal Bank, Naya Pakistan Housing Scheme — Faysal Tabeer: Mera Pakistan Mera Ghar Loan – Faysal Bank.

Under the Mera Pakistan Mera Ghar scheme, the government is providing loan of Rs. 300,000 each for the first 100,000 housing units that are constructed while also giving citizens an opportunity to avail loan of up to Rs. 5 million (50 lakhs) for the purchase of these newly constructed affordable housed / apartments.

Faysal Tabeer (Mera Pakistan Mera Ghar) offers convenient and affordable option to fulfill your residential requirements. Now you can buy a house / apartment or opt for construction finance in a complete Shariah compliant way using Diminishing Musharakah mode of financing.

Faysal Bank – Mera Pakistan Mera Ghar Loan (Faysal Tabeer) Information

Tier	Size of Housing Unit	Maximum Price of Housing Unit (PKR)	Maximum Financing (PKR)	Customer Pricing (Rental Rate)
Tier 1 (T1) (NAPHDA Projects)	Housing Units/apartments of up to 125 square yards (up to 5 Marla) with covered area of up to 850 square feet. (NAPHDA)	3.5 Million	2.7 Million	5% for first 5 years & 7% for next 5 yearsFor period exceeding 10 years = 1 year KIBOR + 2.5%
Tier 2 (T2)(Non-NAPHDA Projects)	Housing Units/apartments of up to 125 square yards (5 Marla) with covered area of up to 850 square feet.	3.5 Million	3.0 Million	5% for first 5 years & 7% for next 5 yearsFor period exceeding 10 years = 1 year KIBOR + 4%
Tier 3 (T3)(Non-NAPHDA Projects)	Housing Units of more than 125 square yards up to 250 square yards (10 Marla) or apartments with covered area from more than 850 square feet to 1,100 square feet.	6.0 Million	5.0 Million	7% for first 5 years & 9% for next 5 yearsFor period exceeding 10 years = 1 year KIBOR + 4%

*FINANCING TENURE: UP TO 20 YEARS

Eligibility Criteria

All men/women holding CNIC.
First time home owner.
One Individual can have subsidized home finance facility under this scheme only once.
Only for construction & first purchase of newly constructed affordable housing units.

Faysal Bank Mera Pakistan Mera Ghar (Faysal Tabeer) – Security Requirements

As per banks’ credit policy and prudential regulations for housing finance, the housing unit financed will be mortgaged in favor of financing bank.

Documents required:

Document	Original or Copy	Self Employed	Salaried
Product Disclosure Sheet	Original	Yes	Yes
Valid Computerized National Identity Card (CNIC) (of both applicant and Co-partner, if applicable	Copy	Yes	Yes
2 passport size color photographs each for applicant and co-partner (if applicable)	Original	Yes	Yes
6 month Bank Statement (if applicable)	Original	Yes	Yes
Facility Application form (FAF) including CF undertaking	Original	Yes	Yes
Undertaking for first time homeowner	Original	Yes	Yes
Title Document of the property to be mortgaged (if applicable)	Copy	Yes	Yes
Bank Statement of 1 year (if available) (for businessman only)	Original	Yes	Not Required
NTN or any other business proof document (if available)	Original/Copy	Yes	Not Required
Current Salary Slip or Employer letter/ Salary Certificate (salary breakup and deductions to be clearly mentioned). Maximum of 60 days old salary slip may be accepted.Original salary slip/e-slip does not require stamp or sign	Original/Copy	Not Required	Yes
Professional Degree & Or valid Membership of applicable Professional body	Copy	Yes	Not Required