🌟 [ 26 ]   Mera Pakistan Mera Ghar National Bank | NBP Prime Minister House loan Scheme 2024 [ @Business with Ali ]

Mera Pakistan Mera Ghar National Bank | NBP Prime Minister House loan Scheme 2024 [ 🔗 Click ‼️ ] Can financing under the facility be utilized for the purchase of plot? A plot of land can only be purchased under the facility if a house is to be constructed on the plot and financing is meant both for purchase of land and construction thereon provided all other terms and conditions of the facility including maximum price of house and maximum loan under the relevant tier are complied with. 2 How can the first time homeownership be established? In order to establish first time homeownership, financing bank will obtain an undertaking to the same effect from its borrower/customer with necessary provisions for termination of subsidy and other penalties, in case it is established at a later stage, that the borrower/ customer owned a house at the time of application for availing subsidy facility. 3 Is the financing also available for purchase of flat? Yes, financing will be available for purchase of flat which meets covered area requirements specified for ‘apartment’ under the Facility. 4 Is the financing for expansion/extension in the existing housing unit allowed? Yes, financing will be available for expansion/extension of existing housing unit provided the housing unit after expansion/extension falls within the criteria specified under the facility. 5 Can financing under the scheme be utilized for renovation of the existing residential unit? No, financing for renovation of existing housing unit will not be allowed under the facility. 6 Is bank staff eligible to avail financing under this facility? No, bank staff is not eligible under the facility. 6a Whether banks’ third party staff is eligible under the scheme? Yes 6b Are contractual employees of banks eligible for financing under the Scheme? Contractual employees of banks who are below officer grade and are not eligible to avail staff housing finance are eligible for financing unde .

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