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Term and Conditions
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1. Eligibility
First-time homebuyers across Pakistan holding a valid CNIC and not owning any housing unit are eligible to apply for financing under the scheme.
2. Loan Tenure
Up to 20 years.
3. Financing Limit
Up to Rs. 10 million, with a fixed markup rate of 5% for the first 10 years; the remaining 10 years at the prevailing market rate.
4. Scope of Financing
Purchase or construction of a house up to 10 Marla/2720 sq Ft., or an apartment up to 1,500 square feet.
5. Loan-to-Value (LTV) Ratio
90% loan financing with 10% borrower equity contribution.
6. Participating Financial Institutions (PFIs)
All commercial and Islamic banks, microfinance banks, and the House Building Finance Company Limited (HBFCL).
7.Processing Charges
No processing fee and no prepayment penalty.