apartments, built-up properties, constructing house, contract, Eligibility criteria for home loans, employees, home loans, houses, loan amounts, loan repayment period, markup rate, Pakistani citizens, plots, regulations, renovating, Shahzad Ghaffar, State Bank of Pakistan
According to the regulations of the State Bank of Pakistan, home loans can be sanctioned to individuals to buy built-up properties (e.g. houses and apartments) and plots, constructing a house and for renovating an existing structure.
The loan repayment period varies between one and 25 years; loans are required to be paid back via equal monthly instalments.
Here is an overview of two types of home loans: Continue reading