Target Market
Financial Institutions (FIs) including Banks/DFIs/HFCs/MFBs/MFIs/NBFCs
Type of Financing Options
Refinancing
Refinance can be availed against existing mortgage loan portfolio.
Pre-financing
Pre-finance option is also available for institutions which do not have existing mortgage loan portfolio however intend to enter into housing finance market.
Mode of Finance
To cater the Conventional and Islamic financial institutions, both mode of financing is available.
- Conventional
- Islamic
Product Features
- Pre-finance and refinance options
- Refinance loan against existing eligible housing finance portfolio
- Fixed rate, medium and long-term loan funding
Eligibility Criteria
- FIs may consider pensioners of following categories
- Pensioners of Federal Government
- Pensioners of Provincial Government
- Pensioners of Armed Forces
- Pensioners of autonomous bodies
- FI shall have approved policy from their management for underwriting pensioners
- Housing finance portfolio for pensioners shall be in compliance with SBP housing
- finance PRs
- Maximum age of borrower for pension segment shall be in compliance with banks
- internal approved policy
- Pensioner should be borrower/co-borrower
- Housing loan shall be for construction/renovation and/or first home purchase.
Tenor
- Pre-finance up to 3 Years
- Refinance up to weighted average life/tenor of existing pensioners portfolio
Pricing
- Base Rate +/- Spread/discount
Repayment Frequency
- Quarterly/Half Yearly
