Summary of the Govt Naya Pakistan Housing Scheme Loan
Naya Pakistan Housing Scheme Loan is a scheme launched by the Government of Pakistan to provide affordable housing units to its citizens. The scheme is designed to provide loans to people who cannot afford to buy their own homes. Loans are provided on easy terms and conditions, and the scheme is available to all Pakistani citizens.
Naya Pakistan Housing Scheme Loan Eligibility Criteria
To be eligible for a Pakistan Housing Scheme loan, the applicant must fulfill the following criteria:
- The applicant must be a citizen of Pakistan.
- The applicant should not have previously availed housing scheme loan from any government agency.
- Applicant must have a valid CNIC.
- Applicant must have a stable source of income.
Loan Payment and Refund Period
The loan amount for the Government Pakistan Naya Housing Scheme Loan is up to PKR 5 million, and the repayment period is up to 20 years. The interest rate of the loan is 5% per annum, which is much lower than the market rates.
Documents Required for the Govt Naya Pakistan Housing Scheme Loan
The following documents are required to apply for the Govt Naya Pakistan Housing Scheme Loan:
- CNIC of the applicant
- Two passport-sized photographs of the applicant
- Proof of income
- Bank statement for the last six months
- Any other document required by the bank
How to Apply Online for the Govt Naya Pakistan Housing Scheme Loan?
To apply for the Govt Naya Pakistan Housing Scheme Loan, the applicant needs to follow the steps below:
- Visit the nearest bank branch that is offering the scheme.
- Submit the required documents.
- The bank will verify the documents and conduct a credit check.
- If the application is approved, the bank will disburse the loan amount.
Conclusion
Naya Pakistan Government Housing Scheme Loan is a great initiative of the government to provide affordable housing units to its citizens. The scheme designs to provide loans to people who cannot afford to buy their own homes.
Loans provide easy terms and conditions, and interest rates are much lower than market rates. If you are interested in applying for Government Naya Pakistan Housing Scheme Loan, visit your nearest bank branch today.