KARACHI: To promote housing finance, the State Bank of Pakistan has eased conditions by allowing personal guarantee of a third party to approve housing finance.
The guarantee will be valid for a maximum period of one year, the central bank announced.
The third-party guarantee will cover the period from the disbursement of loan to the time when construction is completed, the SBP further explained.
This step is aimed at facilitating the banks to increase the volume of low-cost housing finance and promote homeownership of potential applicants seeking to avail a loan under the Government Markup Subsidy Scheme.
For news and blogs, visit Graana.com.
As Milan’s real estate boom starts to stabilize, investors are increasingly looking toward Rome as…
Dubai’s skyline is set to welcome a new icon as Azizi Developments launches global sales…
The federal government is considering removing the Federal Excise Duty (FED) on the transfer of…
Under the patronage of Minister of Housing and New Urban Communities Sherif El-Sherbiny and Minister…
The Capital Development Authority (CDA) has scheduled an open auction for commercial plots at Jinnah…
The capital city of Pakistan is gearing up for a grand celebration as Interior Minister…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
