Minimum Eligibility Criteria for the Mera Pakistan Mera Ghar Habib Metro Loan

Who Can Apply?

To be eligible for the Mera Pakistan Mera Ghar Habib Metro loan, you need to meet the following criteria:

  • Identity Verification: All applicants must have a valid CNIC.
  • Ownership Restriction: Applicants must be first-time homeowners, with only one unit allowed per family.
  • Loan Frequency: The subsidized home loan can only be taken once under this scheme.
  • Income Requirement: A minimum monthly income of Rs. 25,000/-.
  • Co-Applicants: Up to 4 co-applicants are permissible, but they must be blood relatives.
  • Experience: Applicants should have at least 5 years of professional or business experience.
  • Age Bracket: Both the primary applicant and co-applicants should be within the age range of 25 to 60 years.

Required Documentation

Documents You Need to Submit:

When applying for this loan, make sure to gather the following documents:

  • Application Form: A completed application form.
  • Identification: Copies of the CNIC for both the applicant and co-applicants.
  • Income Proof: Documents demonstrating your income.
  • Property Information: Copies of property documents and details of the property.

Keep in mind, Habib Metro may request additional documents during their review process.

How to Apply for the Mera Pakistan Mera Ghar Habib Metro Loan

Where to Apply?

If you meet all the requirements and have all your documents ready, you can apply for the loan at any Habib Metro branch.

Before heading over, it might help to clear any doubts you have. Visit the Habib Metro website or give their service channels a call. Ensure you have everything in order, go to the branch, and fill out the request form with all the necessary documentation.

The bank will review your application and, if everything checks out, they’ll get back to you with their decision within 15 working days.

Eligible Properties for the Mera Pakistan Mera Ghar Habib Metro Loan

Property Types and Conditions

The properties you can buy with this loan should be in the city where you’ve lived for at least two years. They must also adhere to the following dimensions:

  • House: Up to 125 Sq. yards (05 Marla).
  • Flat/Apartment: Maximum covered area of 1,250 sq. feet.

Understanding the Interest Rates

Interest Rates Breakdown

The loan comes with fixed interest rates that evolve over time:

  • Initial 5 Years: 5%
  • Next 5 Years: 7%
  • Final 10 Years: As per the SOC (at the time of loan disbursement).

If you’re interested and need more information, don’t hesitate to check out the Habib Metro website!

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