Under the Shariah compliant guidelines of Decreasing Musharakah financing mode, it offers you a convenient and affordable option to get your dream home. HBL Islamic Bank bring you the government profit subsidy scheme by which you can enjoy home financing on less than 3% rates
KEY FEATURES
1. Financing under Tier 1 is available through banks for financing under NAPHDA projects
2. Financing under Tier 2 and Tier 3 is available through banks for financing of housing units under non-NAPHDA projects
| Tiers | Size Of Housing Unit | Maximum Price Of Housing Unit | Maximum Financing | Minimum Contribution From Costumer |
| Tier 1 (NAPHDA Projects) | House up to 125 square yards (5 Marla) Apartments with maximum covered area of up to 850 square feet | PKR 3.5 million | PKR 2.7 million | 10% of property value |
| Tier 2 | House up to 125 square yards (5 Marla) Apartments with maximum covered area of up to 1,250 square feet | No cap | PKR 6.0 million | 10% of property value |
| Tier 3 | House up to 250 square yards (10 Marla) Apartments with maximum covered area of up to 2,000 square feet | No cap | PKR 10.0 million | 15% of property value |
Eligibility Criteria:
1. All men and women in possession of a valid CNIC
2. Applicants must not own a home
3. A person can make use of this benefit grant system only once
TENOR AND RATES:
Financing tenure from 5 years to 20 years
| Subsidized Rate | First 5 Years | Next Five Years | For Period Exceeding 10Years |
| Tier 1 | 3% | 5% | 1 yr KIBOR plus 2.5% |
| Tier 2 | 5% | 7% | 1 yr KIBOR plus 4% |
| Tier 3 | 7% | 9% | 1 yr KIBOR plus 4% |
Naya Pakistan Housing Scheme How to Apply
1. Visit to Your nearest HBL branch to apply and more information
2. Call 033-77-786-786 for more information
3. www.hbl.com is official website
