LAHORE, December 8, 2021: JS Bank has joined hands with MIDCITY Housing to help Pakistani’s own their own home through provision of low-cost house finance facilities under the Government of Pakistan’s Markup Subsidy Scheme – Mera Pakistan Mera Ghar, which is backed by State Bank of Pakistan.
Those individuals and families who are looking to purchase property in MIDCITY Housing schemes can avail financing facilities at minimal markup. The agreement was signed between Zulfiqar Ali Lehri, Distribution Head Consumer Lending – JS Bank and Muhammad Moin Safdar, Director Marketing – MIDCITY Housing. Present on location were also JS Bank’s Fahad Siddiqui, Head of Secured Lending and Adil Maqsood, Channel Head Institutional Partnerships alongside other team members.
Speaking on the occasion, Zulfiqar Ali Lehri, said, “Together with MIDCITY Housing we are committed to giving the people of Pakistan the opportunity to own a house for themselves and their families under the Government of Pakistan scheme, Mera Pakistan – Mera Ghar. We are committed to serving our fellow citizens and supporting the GoP for a better and more prosperous Pakistan.”
Muhammad Moin Safdar shared his vision for the project, “MIDCITY Housing is the first of its kind Community Project in South of Lahore, providing environment friendly community living experience for its residents. The infrastructure promotes the concept of healthy lifestyle therefore the basic civic facilities can either be accessed within the walking distance or through cycles, thus providing a pollution free environment. The collaboration with JS Bank will help MIDCITY potential consumers to avail mortgage home financing facility to buy homes, apartments or construction of their plots through the ‘Mera Pakistan Mera Ghar’ Scheme on easy installments.”
With this collaboration JS Bank intends to contribute to the Government of Pakistan’s initiative in providing access to affordable housing facilities to the people of Pakistan. Under this scheme people will be able to borrow as much as 90% of the property value.
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About JS Bank:
JS Bank is amongst the fastest-growing Banks in Pakistan, with both a domestic and an international presence. The Bank is a leader in the SME space and has a substantial footprint in Digital Banking and Consumer Loans. JS Bank has been recognized on multiple international and national forums, including the prestigious AsiaMoney, Asian Banking, Finance, DIGI, and Pakistan Banking Awards. The Bank is part of JS Group, one of Pakistan’s most diversified and progressive financial services groups. For more information, please visit http://www.jsbl.com.