Frequently Asked Questions

Account Opening

• What is Roshan Apna Ghar financing facility?
  Roshan Apna Ghar provides quick and convenient solutions to get house financing in easy and affordable monthly installments. Non- Resident Pakistanis having a UBL Roshan Digital Account can now avail this facility easily.
• Who is eligible for Roshan Apna Ghar?
  All non-resident RDA accountholders having valid NICOP are eligible for the subject facility.
• What categories of financing are available under Roshan Apna Ghar?
  The following options are available:

  • Home Purchase – Buy a Home or Apartment
  • Build a Home – Plot + Construction
  • Home Equity - Renovating a Home
• Is Roshan Apna Ghar available in Islamic mode of financing?
  Yes, Roshan Apna Ghar is available in both conventional and Islamic modes of financing.
• Is there any collateral/security/investment required to avail Roshan Apna Ghar?
  This facility will be available for customers who are:

  • Willing to keep their investment as lien against their net financing amount as collateral (Lien-based Financing)
  • Wish to avail financing without lien marking collateral (Non-Lien based Financing)
• What are the mark-up/other charges associated with the facility?
  The following mark-up/charges are applicable:

  Pricing	With Lien	Without Lien
  Variable Rate	1-Year KIBOR only	1-Year KIBOR +1.5%
  Other Charges
  Processing Fee	PKR. 4000 + FED
  Early Termination Charges	1% of outstanding balance in 1st Year No charges after 1st Year

• What employment status is required for Roshan Apna Ghar?
  Both salaried and self-employed individuals can apply for the subject facility.
• Is there any age requirement for applying to Roshan Apna Ghar?
  Salaried Individuals from ages 20-60 can apply for the facility. Maximum age can be extended up to 65 years based on satisfactory justification provided that customer can make repayments after the age of retirement.
  In case of self-employed, applicant age should not exceed 65.
• Is Property Insurance offered on the subject facility?
  Yes, property insurance is complimentary on the financed amount.
• Is there an option for early repayment/settlement of the facility?
  Yes, there is an option for early repayment/settlement of the loan availed, subject to applicable charges as per Schedule of Charges mentioned above.
• What documents are required for a salaried NRP customer applying for the facility?
  In addition to the documents already submitted, the following documents are required for a salaried NRP individual:

  • Copy of Co-Applicant's CNIC/ NICOP
  • Two passport-sized coloured photographs of co-applicant(s) each.
  • Last three-month salary slip.
  • Copy of Visa / Work permit / Residence Permit (Iqaama etc.)
  • Bank Statement - last 12 months (Original OR duly attested by the bank with stamp / notary public) through embassy.
  • Copies/ details of any financing facility being availed in the country of employment or in Pakistan
  • Credit Bureau Report of stay country
• What documents are required for a self-employed NRP customer applying for the facility?
  In addition to the documents already submitted, the following documents are required for a self-employed NRP individual:

  • Copy of Co-Applicant's CNIC/ NICOP
  • Two passport-sized coloured photographs of co-applicant(s) each.
  • Valid Business Proof
  • Copy of Visa / Work permit / Residence Permit (Iqaama etc.)
  • Bank Statement - last 12 months (Original OR duly attested by the bank with stamp / notary public) through embassy.
  • Copies/ details of any financing facility being availed in the country of employment or in Pakistan
  • Credit Bureau Report of stay country
• How many co-applicants are allowed under Roshan Apna Ghar?
  Yes, primary applicant can have up to four co-applicants. Co-applicant could be an immediate family member like spouse, parents, adult siblings & children. At least one co-applicant should be permanently living in Pakistan.
• What is the difference between a co-applicant, co-borrower and a nominee?
  In case of non-lien financing, a co-applicant is mandatory. A co-applicant has to be a Pakistani national, residing in Pakistan.
  However, if a customer is availing lien financing or self-investment option, only a nominee is required. The purpose of a nominee is solely to represent RDA customer to fulfil transaction in Pakistan. There are no legal obligations on a nominee.
  Co-borrower is an individual whose income is clubbed with the primary applicant for the subject loan facility.
• Who can become my nominee/co-applicant?
  Nominee can be any family member, friend, dealer, agency or a law-firm. However, in case of a co-applicant, only parents, spouse, siblings and children are allowed.
• Can income be clubbed with another co-applicant?
  Yes, co-applicant can become a co-borrower by clubbing income with primary applicant. However, only a non-resident Pakistani is allowed to become a co-borrower.
• How much income can be contributed by the co-borrower?
  In case co-borrower is a spouse, 100% income can be clubbed. In case of a co-borrower other than spouse, up to 75% of income can be clubbed.
• Is there any age requirement for co-borrower/co-applicant?
  If the co-applicant is clubbing income, then same age parameters as the primary applicant will apply. However, in case income is not clubbed, there is no age requirement.
• What is the minimum/maximum limit of loan given under the non-lien option?
  The below limits are applicable for the subject facility:

  Facility	Criteria
  Buy, Build	Minimum Amount: PKR. 500,000 Maximum Amount: No Limit
  Renovate	Minimum Amount: PKR. 500,000 Maximum Amount: PKR. 10 Million

• What is the minimum/maximum limit of loan given under the lien option?
  The below limits are applicable for the subject facility:

  Facility	Criteria
  Buy, Build	Minimum Amount: PKR. 500,000 Maximum Amount: No Limit
  Renovate	Minimum Amount: PKR. 500,000 Maximum Amount: No Limit

• What is the maximum tenure allowed for financing?
  Financing can be obtained for at least 3 years up to a maximum of 25 years.
• What is the debt-to-equity ratio for the subject facility?
  For Buy and build options, financing up to 85% of property value can be obtained. In case of Lien marking, 100% of the property value can be financed (99% in Islamic banking)
  For renovate, financing up to 40% of property value can be obtained.
• Can customers avail financing under Government Mark-Up Subsidy Scheme (GMSS)?
  Yes, GMSS financing is available for RDA customers under Roshan Apna Ghar.
• How can I obtain information for Government Mark-Up Subsidy Scheme (GMSS)?
  For information regarding eligibility, product offering, pricing and other details, please visit:
  https://www.ubldigital.com/Banking/UBL-Ameen/UBL-Ameen-Network/Consumer-Banking/Mera-Pakistan-Mera-Ghar
• Can we obtain multiple house financing facilities at one time?
  No, only one financing facility can be obtained at any time.
• Can contractual salaried individuals apply for the facility?
  Yes, both Permanent and Contractual salaried individuals are eligible.
• What will be the ownership status of the property in case of single applicant and co-applicants?
  Singly owned – Property title will be in the name of main applicant (NRP RDA account holder).
  Joint ownership – Spouse and/or adult children/blood relatives can be a joint owner.
  In case where primary applicant is not available in Pakistan, spouse and/or adult children/blood relatives who are also a co-applicant may be considered for property ownership through a GPA given by primary applicant.
• How will I pay monthly instalments for the subject facility?
  Monthly instalments will be deducted via direct debit authority from RDA account maintained in UBL. In case of FCY Account, a PKR account will need to be opened for purposes of instalment deduction.
• What is the procedure for signing of legal agreement / other documents?
  In case primary applicant (NRP) is available, legal agreement and other documents will be signed by applicant in the presence of bank officer. Whereas, in case where main applicant (NRP) is not available, legal agreement and other documents will be signed by applicant and will be attested by Pakistan embassy of the country of stay. Any/all charges for the same will be borne by the customer.
  In addition to this, legal agreement and all other legal documents will be attached through bank’s portal / website and electronically agreed and signed by the customer.
• Are there any charges applicable other than processing fee?
  Charges such as documentation charges, legal evaluation charges etc. are applicable, at cost and to be borne by the customer. Any other charges involved in the process of approval not covered in the document, will be communicated and deducted if required.
• What is a lien?
  A lien is a claim or legal right against assets that are typically used as collateral to satisfy a debt. A lien serves to guarantee an underlying obligation, such as the repayment of a loan. If the underlying obligation is not satisfied, the creditor may be able to seize the asset that is the subject of the lien.
• If I choose Lien option, what amount of lien will be marked?
  In case of Lien financing, an amount equivalent to the financing amount and any other charges incurred post disbursement for completion of the financing will be marked lien.
• In case of non-lien financing, will any amount be marked lien?
  An amount will be kept in lien equivalent to the amount recommended/suggested by Bank’s legal counsel for the completion of all outstanding post-disbursement formalities (if any).
• Do I have to be physically present in order to complete property transaction?
  Customer has an option to either be physically present in Pakistan or nominate an individual or entity to complete property transaction on their behalf. In case of a nominee, customer has to authorize the nominee to complete transaction through a Power of Attorney.
• How will funds be transferred to the existing property owner?
  Customer can select either Pay Order or IBFT (Interbank Fund Transfer) option for the funds transfer. Both options are available on the portal.
• How can I track my application once submitted?
  Once submitted, customer can direct queries to our dedicated helpdesk roshan@ubl.com.pk.