Conventional Business Model


To provide liquidity to Primary Mortgage Lenders to generate more mortgages and to promote the housing sector.

Target Market

  • Banks/DFIs having Mortgage Loan Portfolios
  • Housing Finance Companies registered with SECP

Eligibility Criteria for Primary Mortgage Lenders

  • Licensed and supervised by SBP/ SECP and is engaged in the business of housing finance;
  • Has a long-term credit rating of at least “A” issued by one or more recognized credit rating agencies licensed by the SECP; and
  • Has unqualified audited Financial Statements for the most recent financial year, except for an emphasis of matter paragraph in the Auditor’s Report relating to the Customer’s minimum capital requirement as allowed by SBP.

Product Features

  • Refinance loan against existing eligible housing finance portfolio
  • Medium and long-term loan
  • Refinance loan on fixed rates
  • Servicing of loan by Primary Mortgage Lenders
  • Principal repayment at maturity of loan

Advantages of Refinancing with PMRC

  • Reduces maturity mismatch risk
  • Reduces liquidity risk
  • Innovate and offer fixed rate mortgages (advantageous to banks and borrowers)
  • Fixed rate mortgages increase affordability and reduces incidence of default by borrowers
  • Enables banks to diversify their sources of funds
  • Fax
  • +92(21)35633365
  • Registered Address
  • Finance & Trade Center, 4th Floor, Block-A, Shahrah-e-Faisal, Karachi -74400, Pakistan.