Non-Lien Based |
Lien Based |
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| Purpose of Financing | Purchase, construction, buy land and construction thereon, renovation | ||
| Financing Amount | Minimum: PKR 500,000/-Maximum: PKR 60 Million Maximum: PKR 10 Million for renovation | Minimum: PKR 500,000/-Maximum: No maximum capping | |
| Pricing | Variable Rate: 1-Year KIBOR + 1.5% | Variable Rate: 1-Year KIBOR + 0.5% | |
| Financing Tenure | 3 to 25 Years | ||
| Lien Marking | Not Applicable | Lien of 100% on PKR RDA / NPC and 110% on Foreign Currency RDA / NPC will be marked. | |
| Co-applicant |
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| Co-applicant for income clubbing | 100% Co-applicant income will be clubbed in case of spouse subject to availability of cushion in DBR.75% Co-applicant income will be clubbed in case of other than spouse, subject to availability of cushion in DBR. | 100% Co-applicant income will be clubbed. | |
| For the purpose of income clubbing, only a non-resident Pakistanis can be considered. | |||
| Debt to Equity Ratio | For purchase, construction, buy land & construction Maximum financing up to 85% of property’s market value
For Renovation Financing up to 30 % of property’s market value |
For purchase, construction, buy land & construction Maximum financing up to 99% of property value
For Renovation Financing up to 40 % of property’s market value |
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| Property Ownership |
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| Installment Repayment Frequency | Monthly (through Direct Debit authority on applicant’s RDA being maintained in ABL). In case where RDA holder has FCY account, it is mandatory to open a PKR account (i.e. NRP rupee value account). | ||
| Cash Lien for the completion of post disbursement formalities | An amount will be kept lien equivalent to the amount recommended/suggested by Bank’s legal counsel for the completion of all outstanding post-disbursement formalities (if any). | ||
Non-Lien Based |
Lien Based |
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| Citizenship | All Non-Resident Pakistani RDA accountholders having valid NICOP | |
| Age (Applicant & Co-applicant) | Salaried Individual
However, it may be extended to 65 years provided applicant justifies that he/ she can repay the loan even after retirement age. Non-Salaried Individual
Co-applicant’s age may not exceed 65 years at the time of maturity, in case income of co-applicant is not clubbed. |
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| Net Monthly Income | Equal to minimum PKR 50,000/- for applicantNo minimum income criteria for co-applicant which will be clubbed to meet the requirement of DBR | Not Applicable |
| Occupation |
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| Employment Status for Salaried | Permanent & Contractual | Not Applicable |
| Employment / Business Tenure | Minimum overall employment / business tenure will be two years | Not Applicable |
Allied Bank requires the following documentation for processing Roshan Apna Ghar housing finance under both Non-Lien Based and Lien Based categories.
Common Documents (Both Lien-Based & Non-Lien Based)
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Duly filled application form
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Applicant’s copy of NICOP
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Copy of Co-Applicant’s CNIC/NICOP
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Two passport-sized coloured photographs of applicant and co-applicant(s)
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Copy of Passport of applicant and co-borrower NRP (if applicable)
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Copy of Visa / Work Permit / Residence Permit (Iqama etc.) of applicant and co-borrower NRP (if applicable)
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Copy of Professional Association Membership Certificate / Practice License (if applicable)
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Last 12 months’ bank statement (original or attested by the bank with stamp)
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Details of any financing facilities in Pakistan or country of employment
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Copies of educational qualification degrees / certificates (if applicable)
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Copy of rental documents (if applicable)
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Copy of recent credit card bills (if applicable)
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Last 2 years’ tax documents (if applicable)
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Credit Bureau Report from country of stay
Additional for Salaried Individuals
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Employer’s certificate stating tenure, designation, and remuneration
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Employment contract (if applicable)
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Last 3 months’ salary slips
Additional for Non-Salaried Individuals
- Valid business proof documents (Power of Attorney should not be verified/validated from embassy/notary public)
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Duly filled application form
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Applicant’s copy of NICOP
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Copy of Co-Applicant’s CNIC/NICOP
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Two passport-sized coloured photographs of applicant and co-applicant(s)
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Copy of Passport (if applicable / optional)
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Copy of Visa / Work Permit / Residence Permit (Iqama etc.)
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Note: Documents except Power of Attorney should not be verified/validated from the embassy/notary public
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Legal Agreement / Document Signing
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If the main applicant (NRP) is available, documents will be signed in the presence of a bank officer.
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If the applicant is not in Pakistan, documents must be signed in the applicant’s country of stay.
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All such charges are to be borne by the customer.
Legal Evaluation
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Copies of property documents will be vetted by a legal advisor/law firm on the Bank’s approved list.
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Before disbursement, all original property documents must be “verified as originally seen” at the lawyer’s office.
Documentation Charges
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Charged at actual (as per applicable rates and legal fees).
Q. What is Roshan Apna Ghar?
Roshan Apna Ghar is a digital home finance facility offering affordable monthly instalments for NRPs maintaining a Roshan Digital Account (RDA) with Allied Bank Limited (ABL).
Q. What are the basic eligibility criteria to avail Roshan Apna Ghar facility?
NRPs worldwide holding a valid NICOP and a Roshan Digital Account with ABL are eligible to apply.
Q. How many variants of Roshan Apna Ghar financing are available?
Two types of financing are offered:
a. Non-Lien Based
b. Lien Based
Q. Is this facility only available for house/apartment purchase?
No. It covers purchase of house/apartment, construction of house, purchase of land with construction, and renovation of already owned property.
Q. Is financing available for plot-only purchase?
No. Plot-only financing is not available. The facility is offered only for plot purchase coupled with house construction.
Q. What is the financing tenor of this facility?
The tenor ranges from a minimum of 3 years to a maximum of 25 years.
Q. Do I need to pay any taxes?
Yes, all applicable government taxes are payable by the customer.
Q. How are monthly installments repaid?
Monthly repayments will be deducted in PKR from the RDA maintained with ABL. For customers with Foreign Currency RDA, a PKR account must be opened. A Direct Debit Authority is required for deductions.
Q. How much financing can I avail?
Up to PKR 60 Million can be availed. For Lien-Based financing, there is no upper limit, subject to 100% lien on PKR RDA/NPC or 110% on Foreign Currency RDA/NPC.
Q. Can I avail multiple housing finance facilities under this scheme?
Only one facility is allowed at a time.
Q. How is the property value assessed?
Valuation is conducted by ABL’s approved valuators. One valuation for financing up to PKR 10 Million, and two for financing above PKR 10 Million. The lower of the two values will be considered.
Q. Are there any application charges?
Yes. A one-time Processing Fee (as per prevailing Bank’s Schedule of Charges) is applicable upon approval. Additionally, non-refundable Property Valuation and Legal Opinion Charges are payable.
For Suggestions and Queries:
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For Complaints:
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