Microfinance, Banking, Fintech,

“A game changer”, according to Prime Minister Imran Khan, the Roshan Apna Ghar scheme is declared to meet the current deficit. The scheme will allow non-residents of Pakistan to get the financial help to own a house in Pakistan, this will be done through Roshan Digital Account.

With the help of commercial banks, SBP is encouraging non-residents to invest in residential real estate in Pakistan with easy and affordable monthly installments.

The commercial banks that are taking part in the scheme are, HBL, Standard Chartered, MCB, Bank Alfalah, Meezan Bank, Samba, UBL, Bank Al Habib, Bank of Punjab.

Currently, the scheme has two financing plans available:

  1. Lien financing will allow the investor to get up to 100% on their property value by getting a loan with a lien or Certificate by Naya Pakistan of equivalent value.

  2. Non-Lien Financing will provide investors to get up to 85% financing on their property value without any lien marking.

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The financing tenure will range from 3 years up to 25 years. In order to be eligible for the scheme, the person needs to have a Roshan Digital Account.

Previously there were many schemes launched to meet the deficit, however, none looked as promising as the Roshan Apna Ghar scheme. The Finance Minister stated that the scheme would truly change the game for Pakistan. 

The governor of the State Bank of Pakistan, Raza Baqir stated three banks to have performed prodigiously in regards with the RDA deposits ranging from 1 billion USD to 2 billion USD. He further added that this scheme will address all the issues that overseas Pakistanis are facing regarding real estate investment in Pakistan.

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