State Bank | Low Income House Loan Scheme | Advice Associates

Twenty-five thousand salaried people will also get a loan to build a house. This is a big Initiative by the State Bank of Pakistan. The purpose of this scheme is to ensure that no Pakistani remains homeless. The scheme will also benefit the business of construction. All that is required for this loan is proof of your low salary and identity card. You can borrow from any bank for a minimum of five years and a maximum of 20 years. With this money you can buy a house or plot, you can also do renovation. Islamic Bank's Shariah Board design is formulated with no interest. This is how you pay the rent for your house until the price is paid. In this, Overseas Pakistanis also can take a loan, but only after checking the documents. Banks are fully operational to giving this loan, SBP has bound all banks.
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