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JS - Mera Pakistan Mera Ghar (Government Markup Subsidy Scheme)

JS Bank also provides house finance under SBP’s Government Markup Subsidy Scheme for first time homeowners for purchase of a newly built complete residential property (Apartment /Flat/ House) & construction on already owned plot or for purchase of plot & construction thereon.

Product Features


Financing Max PKR 3.5 Mn. (Tier 1)., Max PKR 6.0 Mn. (Tier 2) and Max PKR 10 Mn. (Tier 3).

Financing Tenure Up to 5 Years with flexibility to go up to 20 Years

Property Insurance is mandatory, Life Insurance is optional

Processing Fees may vary as per updated Bank’s SOC

Loan to Value (LTV) Max Up to 90% (Tier 1) and Max up to 85% (Tier 2 & 3)

Security Mortgage of residential property. Bank’s charge over the property will be created through registered mortgage or by equitable mortgage
Markup
Markup Tier 1 Tier 2 Tier 3
1-5 Years 2% 5% 7%
6-10 Years 4% 7% 9%
11-15 Years 5% 1-year KIBOR+4% 1-year KIBOR+4%
16-20 Years 1-year KIBOR+2.5% 1-year KIBOR+4% 1-year KIBOR+4%
Monthly Income (Net Disposable Income)
Individuals & Household Rs. 25,000 minimum p.m.
Age: Salaried Person Min 25 to 60 years at maturity
Employment Experience Min 5 years required (Overall Service length and not specific to 1 employer)

Eligibility Criteria:

  • Computerized National Identity Card (CNIC) holder
  • First time homeowner, one unit per household
  • One individual can have subsidized house finance facility under the scheme only once
  • Only for construction and first purchase of newly constructed affordable housing units

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