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How to Apply for Prime Minister Low Cost Housing Scheme 2021 [Eligibility Criteria]

Akhuwat has announced prime minister low cost housing scheme programe. The programe was especially launced for financial assistance to poor and derserving families. ministry of housing & work, goverment of Pakistan hs indtroduces the housing scheme as per shariah complaint product upto PKR 500,000 through akhawat islamic microfinance (AIB).

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Prime Minister Low Cost Housing Scheme 2021 Benefits

This scheme seeks to support the poor both economically and socially. Salient Features of the Scheme are as follows:

  • Financing size up to Rs. 500,000/-
  • Repayment period is from 13 to 60 months. An early repayment will be welcomed.
  • Average Monthly rental amount is up to Rs. 10,000/-
  • Financing will be given for following purposes:
  • Entire New Construction or Lanter for new house.
  • Addition of rooms, kitchen & bathroom etc.
  • Renovation & upgradation.
  • Application processing fee will be zero.

PM Housing Scheme 2021 Eligibility Criteria

To be eligible under the said scheme, the applicant must meet the following criteria of having;

  • Valid CNIC
  • Age up to 60 years
  • Applicant must be the owner of the land/house
  • Valid ownership title or evidence of land/house (may include Registry, Inteqal, Fard, Allotment letter or any other valid evidence deemed appropriate)
  • Land size of 5 Marla or less or covered area which is not more than 1,360 sqft.
  • Good social and moral character in community
  • Monthly household income up to Rs. 60,000.
  • Residence in the operational area of AIM’s branch.
  • Should have a clear credit history (if any).

*Preference may be given to widows and households with monthly income below Rs. 40,000.

For further details, please visit our branch nearest to your plot/house under consideration. Complete address & contact details of our branches is available on our website.

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