PM Apna Ghar Programme: Housing Finance up to Rs 1 Crore

A low-cost housing, rent-subsidy and risk-sharing scheme for first-time home owners: finance up to Rs 1 crore for 1 to 20 years, with no processing fee.

Details

• Eligibility: CNIC holder buying a home for the first time, with no house, flat or apartment already in their name
• Unit size: house up to 10 marla or 2,720 sq ft; flat or apartment up to 1,500 sq ft
• Covers: buying a house or flat; building on a plot you already own; buying a plot and building on it
• Rental rate for the first 10 years: 5% fixed per year
• After 10 years: 1-year KIBOR + 3.0% per year
• Financing period: 1 to 20 years; amount: up to Rs 1 crore
• No processing fee and no charges for part or early payment
• Estimated monthly installment for the first 10 years (without takaful), for example on Rs 10 lakh: Rs 6,600 (20 years), Rs 7,908 (15 years), Rs 10,607 (10 years); on Rs 1 crore: Rs 65,996 (20 years), Rs 79,079 (15 years), Rs 106,066 (10 years)
• Legal and estimated expenses are charged at actual cost
• Applications are taken through participating banks; message us on WhatsApp and we will guide you step by step