Overwhelming response on SBP mark-up subsidy scheme on low cost housing

  • by Admin
  • 8 months ago
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Prime Minister Imran Khan was informed by the governor State Bank of Pakistan (SBP) that within few weeks over 8,000 applications have been received under the scheme of subsidy on mark-up of low-cost housing loan.

Out of total, 1,820 out of them have been approved with an outlay of Rs5 billion, while pending applications are being processed expeditiously.

Prime Minister Imran Khan was given briefing while chairing a weekly meeting of the National Coordination Committee (NCC) on Housing, Construction and Development. The meeting reviewed progress on construction activities underway across the country and progress regarding provision of loans by the banks to builders, developers, and especially the low-income groups.

The meeting was informed that for the first time in the history of the country, a standard application form was being used by all banks for extending credit facility to the low-income groups.

The prime minister expressed satisfaction over the cooperation being extended by commercial banks for promoting construction activities.

He directed the SBP governor, and Naya Pakistan Housing and Development Authority chairman to continuously follow the process of access to easy loans by low-income groups and remove all difficulties on priority basis.

SBP Launches Complaint Resolution Portal to Promote Affordable Housing

You can lodge a complaint on home loans by providing brief details on the online service portal through the SBP’s service desk set up to facilitate borrowers under the government’s mark-up subsidy scheme.

Portal link: https://servicedesk.sbp.org.pk


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