Shehbaz directs SBP to ease Apna Ghar property paperwork

Under the PM Apna Ghar Scheme, the State Bank has told banks to accept five key property papers for housing loans of up to Rs10 million.

Banks under the Prime Minister’s Apna Ghar Programme must now seek five essential property documents for housing finance.

The State Bank of Pakistan issued the instructions on Prime Minister Shehbaz Sharif’s directives.

Named papers include a transfer and possession letter, a site plan, a mortgage permission letter and mortgage registration.

The Ministry of Housing and Works said the change aims to cut delays after applicants complained of heavy paperwork.

The nationwide scheme offers home-construction loans of up to Rs10 million.

Read the full story