Mera Ghar Mera Ashiana

Mera Ghar Mera Ashiana

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 GHAR MERA ASHIANA – BUY YOUR DREAM HOUSE:

This facility is meant for the purchase of constructed housing unit/apartment.

UBL AMEEN MERA GHAR MERA ASHIANA – BUILD YOUR DREAM HOUSE:

This facility is for customers who already own or intend to buy/purchase a piece of land and need financing to meet the construction cost.

Eligibility Criteria

  • All Pakistani citizens holding valid CNIC
  • This scheme with subsidized rates is for first time home owner
  • An individual can avail this facility under the scheme only once
  • Construction on already owned Land and purchase of Land and construction thereon

Product Features & Benefits

Description Tier 1 Tier 2
Size of Housing Unit Housing Unit apartments of upto 5 Marla with covered area upto 1360 Sq. ft. Housing Unit apartments of upto 5 Marla with covered area upto 1360 Sq. ft.
Maximum Price of Housing Unit No Cap No Cap
Maximum Financing PKR 2 Million Above PKR 2 Million & upto PKR 3.5 Million
Financing Tenor Minimum 5 years and maximum 20 years financing Tenor, depending upon choice of customers

Subsidized Rental Rates

Tier 1 Tier 2
For First 10 years = 5% For First 10 years = 8%
For period exceeding 10 years = Bank pricing will be applicable For period exceeding 10 years = Bank pricing will be applicable

Key Qualification Criteria

Description Age (Applicant & Co-applicant) Parameters
Minimum: 25 years
Maximum: 60 years at time of maturity of financing.
Net Monthly Income PKR 40,000 per month net disposable income
Financing Cities All cities of Pakistan where United Bank Limited has it branch network
Employment / Business Tenor Minimum 3 years
Security Requirement The housing unit / apartment financed will be mortgaged in favor of United Bank Limited (UBL Ameen) as per banks’ policy and SBP prudential regulations

Processing Charges

Type of Charges Salaried Businessmen
Processing Charges Zero Zero
Legal Report Charges At Actual At Actual
Property Valuation Charges At Actual At Actual
Early Payment/Early Purchase Unit Zero Zero

Minimum Documentation

  • Facility Application Form.
  • Click Here to download Form for Formal Business Person
  • Click Here to download Form for Formal Business Person (Urdu)
  • Click Here to download Form for Formal Salaried Person
  • Click Here to download Form for Formal Salaried Person (Urdu)
  • Click Here to download Form for In-Formal Income Person
  • Click Here to download Form for In-Formal Income Person (Urdu)
  • Click Here to download KFS - Mera Ghar Mera Ashiana
  • CNIC copy of the applicant / co-applicant
  • Proof of income documents
  • Copies of property documents / details of property

Terms & Conditions:

We the undersigned do hereby declare that I/we am/are Pakistani National(s) and undertake to maintain this status, in addition to dual nationality (if any) at least until full & final settlement of the financing from the Bank.

  • I/We understand that in the event the Bank agrees to finance any amount in the aforesaid property as admissible under its rules, regulations and procedures, I/we the undersigned do hereby declare and undertake that decision of the Bank in respect of the following shall be binding on me/us and I/we shall not be absolved from this undertaking any time during the period of the financing:
    • The assessed cost of land and cost of construction thereon;
    • The fixation of additional amounts be paid in case of default in making payments of dues by the due date.
  • I/We undertake to open an account with the Bank as may be designated by it if this application is accepted and hereby undertake to furnish all required postdated cheques/Irrevocable Direct Debit Advice/standing instructions to the bank, as per the details provided by the Bank from time to time in order to pay off charges related to the facility as may be applicable.
  • That I/we do hereby authorize the Bank to obtain information/data regarding my/our financial and personal details from any credit bureau, agent, and financial institution companies for purposes of processing my/our application and monitoring my/our facilities/account. Further I/we authorize the Bank to disclose/share information/data about my/our account/facilities to/with any other credit bureau, agent, banks, financial institutions or companies as the Bank considers appropriate from time to time. I/We also understand that external agency charges and all other charges are non-refundable even if my/our application is rejected.
  • That I/ we do hereby declare that there is no default against me/us as an applicant or as guarantor at any bank/financial institution. I/We also indemnify that subsequently if any default appears in any credit bureau after registration and processing of any investment case at the Bank, the application fee so deposited by me/us with the bank/financial institution for obtaining housing finance facility will be forfeited and not refunded to me/us.
  • I/We declare that all the information presented above is correct and complete to the best of my/our knowledge. I/We also hereby authorize the Bank, or it’s duly appointed agents, to contact my place of residence, work, and/or references to verify any of the information provided by me in this application That I/we further declare that this application form and undertaking shall form part of and be deemed to have been incorporated in the Finance Agreement to be executed by me/us.
  • I/We will inform bank in case there is change in any of my/our telephone number/address.

For more details, please call UBL Contact Center & Customer Care at 111-825-888 or visit your nearest UBL branch.

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