Conventional Business Model

Refinance with Recourse

To develop mortgage market in Pakistan, PMRC is providing medium to long term financing facility to Primary Mortgage Lenders (PMLs) by securing their mortgage portfolio receivables through means of portfolio assignment. PMRC’s exposure to financial institution will, at all times be over-collateralized by at least 25%. Refinancing provided by PMRC will be with recourse, i.e. PMRC will have a full recourse on financial institution (FI) in event that any of the mortgages in collateral pool is defective, FIs will replace the defective asset (receivable) with performing asset.

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.
  • Fax
  • +92(21)35633365
  • Registered Address
  • Finance & Trade Center, 4th Floor, Block-A, Shahrah-e-Faisal, Karachi -74400, Pakistan.