UBL Ameen Mera Pakistan Mera Ghar Application Guide

UBL Ameen Mera Pakistan Mera Ghar applications are being accepted by United Bank Limited (UBL) providing easy loan for construction and purchase of affordable housing under the Prime Minister Imran Khan’s Naya Pakistan Housing Programme (NPHP).

The government is providing easy loans of Rs. 300,000 each for the first 100,000 homes constructed under the Mera Pakistan Mera Ghar initiative while citizens can also avail financing for purchase of affordable housing.

These loans can be availed through UBL Ameen which is Islamic Banking under Shariah Compliant mode providing cost-effective house financing allow people to build or purchase their dream home.

UBL Ameen Mera Pakistan Mera Ghar Eligibility Criteria:

All Pakistani citizens holding valid CNIC.
This scheme with subsidized rates is for first time home owner.
An individual can avail this facility under the scheme only once.
Only for construction and first purchase of newly constructed affordable housing units.

UBL Ameen Mera Pakistan Mera Ghar Information

Description	Tier 1* (NAPHDA Projects)	Tier 2 (Non- NAPHDA Projects)	Tier 3 (Non- NAPHDA Projects)
Size of Housing Unit	Housing unit / apartment / flat of up to 125 sq. yds (up to 5 Marla) with covered area of up to 850 sq. ft.	Housing unit / apartment / flat of up to 125 sq. yds (up to 5 Marla) with covered area of up to 850 sq. ft.	Housing unit / apartment / flat of more than 125 sq. yards up to 250 sq. yds (10 Marla) or apartments/ flats with covered area from more than 850 sq. ft. to 1,100 sq. ft.
Maximum Price of Housing Unit	Rs. 3.5 Million	Rs. 3.5 Million	Rs. 6.0 Million
Maximum Financing	Rs. 2.7 Million	Rs. 3.0 Million	Rs. 5.0 Million

Financing Tenor: 10, 15 and 20 years as per choice of customer.

Subsidized Rental Rates

Tier 1* (NAPHDA Projects)	Tier 2 (Non- NAPHDA Projects)	Tier 3 (Non- NAPHDA Projects)
First 5 years = 5% Next 5 years = 7% For period exceeding 10 years = 1-year KIBOR+2.5%	First 5 years = 5% Next 5 years = 7% For period exceeding 10 years = 1-year KIBOR+4%	First 5 years = 7% Next 5 years = 9% For period exceeding 10 years = 1-year KIBOR+4%

Key Qualification Criteria

Description	Parameters
Age (Applicant & Co-applicant)	Minimum: 25 years Maximum: 60 years at time of maturity of financing.
Net Monthly Income	PKR 25,000 per month net disposable income
Co-Applicant	Up to 4 co-applicants allowed with 100% income clubbing of co-applicants
Financing Cities	All cities of Pakistan where United Bank Limited has it branch network
Employment / Business Tenor	Minimum 5 years
Security Requirement*	The housing unit / apartment financed will be mortgaged in favor of United Bank Limited (UBL Ameen) as per banks’ policy and SBP prudential regulations

UBL Ameen Mera Pakistan Mera Ghar Minimum Documentation

Facility Application Form.
CNIC copy of the applicant / co-applicant.
Proof of income documents.
Copies of property documents / details of property.

How to apply for UBL Ameen Mera Pakistan Mera Ghar

You need the visit any branch of UBL for the application form. Unlike some other banks, United Bank Limited is providing online application forms. For more details, please call UBL Contact Center & Customer Care at 111-825-888 or visit your nearest UBL branch.

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