Mera Pakistan Mera Ghar
Build Your Dream House
UBL Ameen - Islamic Banking brings to you a cost-effective House Financing Scheme under the Shariah Compliant mode. Build your dream house in the land built on dreams, as we ascend hand-in-hand to a prosperous tomorrow.
The facility offers the following options to purchase your dream house:
UBL Ameen Mera Pakistan Mera Ghar – Buy Your Dream House:
This facility is meant for first purchase of a newly constructed housing unit/apartment.
UBL Ameen Mera Pakistan Mera Ghar – Build Your Dream House:
This type of facility allows you to get financing on already owned residential land or purchase of residential land with construction thereon.
Eligibility Criteria
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All Pakistani citizens holding valid CNIC
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This scheme with subsidized rates is for first time home owner
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An individual can avail this facility under the scheme only once
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Only for construction and first purchase of newly constructed affordable housing units
Product Features & Benefits
Description
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Tier 1* (NAPHDA Projects)
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Tier 2 (Non- NAPHDA Projects)
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Tier 3 (Non- NAPHDA Projects)
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Size of Housing Unit
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Housing unit / apartment / flat of up to 125 sq. yds (up to 5 Marla) with covered area of up to 850 sq. ft.
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Housing unit / apartment / flat of up to 125 sq. yds (up to 5 Marla) with covered area of up to 850 sq. ft.
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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.
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Maximum Price of Housing Unit
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Rs. 3.5 Million
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Rs. 3.5 Million
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Rs. 6.0 Million
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Maximum Financing
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Rs. 3.15 Million
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Rs. 3.15 Million
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Rs. 5.0 Million
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Financing Tenor
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10, 15 and 20 years as per choice of customer
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*Naya Pakistan Housing & Development Authority (NAPHDA) projects only.
Subsidized Rental Rates
Tier 1* (NAPHDA Projects)
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Tier 2 (Non- NAPHDA Projects)
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Tier 3 (Non- NAPHDA Projects)
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First 5 years = 5% Next 5 years = 7% For period exceeding 10 years = 1-year KIBOR+2.5%
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First 5 years = 5% Next 5 years = 7% For period exceeding 10 years = 1-year KIBOR+4%
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First 5 years = 7% Next 5 years = 9% For period exceeding 10 years = 1-year KIBOR+4%
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Key Qualification Criteria
Description
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Parameters
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Age (Applicant & Co-applicant)
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Minimum: 25 years
Maximum: 60 years at time of maturity of financing.
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Net Monthly Income
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PKR 25,000 per month net disposable income
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Co-Applicant
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Up to 4 co-applicants allowed with 100% income clubbing of co-applicants
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Financing Cities
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All cities of Pakistan where United Bank Limited has it branch network
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Employment / Business Tenor
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Minimum 5 years
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Security Requirement*
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The housing unit / apartment financed will be mortgaged in favor of United Bank Limited (UBL Ameen) as per banks’ policy and SBP prudential regulations
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Minimum Documentation
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Facility Application Form
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CNIC copy of the applicant / co-applicant
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Proof of income documents
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Copies of property documents / details of property
For more details, please call UBL Contact Center & Customer Care at 111-825-888 or visit your nearest UBL branch.