Mera Pakistan Mera Ghar
UBL Ameen - Consumer Banking
 

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

  • 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
  • Only for construction and first purchase of newly constructed affordable housing units

Product Features & Benefits

Description Tier 1*
(NAPHDA Projects)
Tier 2
(Non- NAPHDA Projects)
Tier 3
(Non- NAPHDA Projects)
Size of Housing Unit Housing unit / apartment / flat of up to 125 sq. yds (up to 5 Marla) with covered area of up to 850 sq. ft. Housing unit / apartment / flat of up to 125 sq. yds (up to 5 Marla) with covered area of up to 850 sq. ft. 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.
Maximum Price of Housing Unit Rs. 3.5 Million Rs. 3.5 Million Rs. 6.0 Million
Maximum Financing Rs. 2.7 Million Rs. 3.0 Million Rs. 5.0 Million
Financing Tenor 10, 15 and 20 years as per choice of customer
*Naya Pakistan Housing & Development Authority (NAPHDA) projects only.

Subsidized Rental Rates

Tier 1*
(NAPHDA Projects)
Tier 2
(Non- NAPHDA Projects)
Tier 3
(Non- NAPHDA Projects)
First 5 years = 5%
Next 5 years = 7%
For period exceeding 10 years = 1-year KIBOR+2.5%
First 5 years = 5%
Next 5 years = 7%
For period exceeding 10 years = 1-year KIBOR+4%
First 5 years = 7%
Next 5 years = 9%
For period exceeding 10 years = 1-year KIBOR+4%
     

Key Qualification Criteria

Description Parameters
Age (Applicant & Co-applicant) Minimum: 25 years
Maximum: 60 years at time of maturity of financing.
Net Monthly Income PKR 25,000 per month net disposable income
Co-Applicant Up to 4 co-applicants allowed with 100% income clubbing of co-applicants
Financing Cities All cities of Pakistan where United Bank Limited has it branch network
Employment / Business Tenor Minimum 5 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

Minimum Documentation

  • Facility Application Form
  • CNIC copy of the applicant / co-applicant
  • Proof of income documents
  • 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.