Five property papers now enough for Apna Ghar finance
On the prime minister’s order, the State Bank has told banks to accept only five mandatory property papers for housing finance under the Apna Ghar scheme, aiming to ease delays for first-time builders.
Mandatory property documents for Apna Ghar housing finance are cut to five.
The State Bank of Pakistan instructed banks on Prime Minister Shehbaz Sharif’s directives.
Required papers include a transfer and possession letter, site plan, mortgage permission letter and mortgage registration.
The Ministry of Housing and Works said the change is meant to cut delays after applicant complaints.
Apna Ghar offers construction loans of up to Rs10 million nationwide.