Apna Ghar Scheem Bank’s Policy

About Scheme

• Purchase of House/Flat
• Construction of house on self-owned plot
• Purchase of plot & construction thereon
• Renovation/Home improvement

Yes, if you are

Can I Avail House Loan Facility?

• Salaried individuals (SI)
• Self Employed Professionals (SEP)
• Self Employed Businessman (SEB)
• Non Resident Pakistanis (NRPs) and quality eligibility criteria

   What is Eligibility Criteria

Salaried Individual (SI)

• Age between 21 & 60 years
• Permanent / contractual employee with minimum 03 years experience

Businessman & Professionals (SEP/SEB)

• Age between 25 & 65 years
• Minimum 03 Years in current business.

Non Resident Pakistanis

• Age between 25 & 65 years Have valid documentary proof of at lease 03 years of perpetual income in foreign country as salaried individual or SEB/ SEP

How Much Loan Facility Can I Avail ?

Purchase of House/Flat & Construction

• Minimum Rs.500,000/- Maximum Rs.50.0 Million for

Renovation/Home Improvement Monthly

• Minimum Rs. 200,000/- Maximum Rs. 5.0 Million for

Monthly Installment(s) should not exceed 50% of disposable income 

What is the Tenure of Loan ?

3 to 20 years  (for Purchase of House & construction on self owned plot & purchase of plot & construction thereon)
1 to 10 years (Renovation/home improvement)

What is the Markup Rate ?   

1 Year ask side KIBOR 350 bps (For Salaried Individual)
1 Yeas ask side KIBOR 450 bps (For SEB/SEP/NRPs)

What Other Charges Do I Have To Pay ?

Processing Charges( including ECIB & verification charges)

Loan amount Upto  Rs.10.0 M -      Rs. 10,000/-
Loan amount Upto  Rs.20.0 M -      Rs. 20,000/-

Documentation Charges = Actual
Property Insurance and Life Assurance = At actual
Late Payment Penalties = Rs  1/- per thousand per day of installment amount
Pre-payment / pre-partial payment Penalty

•   5% if adjusted during First three year
•   4% if adjusted in 4^th year
•   2% if adjusted in 5^th year
•   1% if adjusted after 5th year
  
  

  What Documents Are Required ?

  For salaried & Businessman & Self Employed Professionals
  
• Copy of valid CNIC
• Two Recent passport size Photographs
• Bank Statement ( last 06 month for salaried persons and 01 year for SEP / SEB/ NRPs)
• Latest Copy of utility bills of residence & office
• Documentary evidence in business or in the profession for the last 03 years
• Copy of professional degree for self-employed professionals
• Copy Proprietorship Certificate/Partnership Deed or Form 29 (if customer is a businessman / director of the company)

For Non Resident Pakistanis

• Copy of valid passport at time of approval
• Copy of valid residency / work permit VISA
• Bank statement of last 01 year in foreign country showing income source
• Documentary proof of employment / business / profession from last 03 years in foreign country of residence
• Any documentary evidence of living address/stay in Pakist

How Can I Avail The Facility ?

• Download application form ==> Attach required Documents & send to nearest Consumer Financing Centre (CFC) OR
• Contact our nearest Consumer Financing Center (CFC) OR
• Email your contact number at apnaghar@bop.com.pk

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