Apna Ghar loans: property documents cut down to five
Banks under the Apna Ghar Programme now need five essential property papers for housing finance, after SBP instructions on the prime minister’s directives.
Mandatory property papers for Apna Ghar Programme housing finance have been cut to five.
The State Bank of Pakistan issued the instructions on Prime Minister Shehbaz Sharif’s directives.
Listed papers include a transfer and possession letter, site plan, mortgage permission letter and mortgage registration.
The Ministry of Housing and Works says the change aims to ease loans for people building their own homes.
The nationwide scheme offers construction loans of up to Rs10 million.