Mera Pakistan Mera Ghar (MPMG) Program
There should not be any variation by the banks in loans extended under MPMG scheme including pricing, any change will lead to ineligibility of the facility from guarantee coverage.
Portfolio Under Coverage: |
MPMG Portfolio |
Guarantee Coverage |
: Up to 50% of unpaid principal balance (UPB) at the time of settlement event, 60% for Green Buildings for Tiers 0 and 1 and where a female is a sole or joint mortgagor. |
Coverage |
: Portfolio basis |
Guarantee Term |
:10 years |
Chery Picking |
: Chery picking of portfolio is not allowed, all MPMG portfolio generated during the quarter has to be covered for Guarantee |
Restructuring |
: Restructuring on best effort basis |
Guarantee Premium/Fee*
Calculated as a percentage of the UBP of the covered Mortgage Loan Portfolio as of the signing of Guarantee Agreement date payable upfront according to the Tiers as follows:
*Guarantee Effective Date : Date of receipt of Guarantee Premium by the Trust
