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Frequently Asked Questions (FAQs)

Roshan Apna Ghar is an exclusive product designed for non-resident Pakistanis and Pakistan Origin Card (POC) holder non-residents. Under this product they can conveniently, digitally, and remotely purchase real estate in Pakistan through their Roshan Digital Account (RDA) either through self-financing or through availing financing from the RDA banks at very attractive rates.
Any individual having RDA in PKR can avail the Roshan Apna Ghar financing facility.
Roshan Apna Ghar finance can be availed under the following product types:

i) Standard bank Financing
ii) Financing under Government Markup/Profit Subsidy Scheme (GMSS/GPSS)
iii) Off-Plan Financing (for purchasing housing units in under-construction projects
appearing in pre-approved list on the banks’ website).
Yes, Roshan Apna Ghar financing can be availed by placing NPC or deposits in RDA under lien with the bank (lien based financing). Financing can also be availed without any lien (non-lien based financing), by mortgaging underlying property with the bank
The products being offered under Roshan Apna Ghar Financing include:

a) Purchase
b) Plot + Construction
c) Construction
d) Renovation / Extension.
Ans: Banks may provide Roshan Apna Ghar financing facility against the following:

a) Property selected by the customer.
b) Pre-Approved projects, ready for mortgage (a list of such projects is available on the banks’ website).
c) Pre-approved projects, off-plan-properties (projects announced by builders with periodical payment plans and delivery of unit over a specified period; list of such projects is available on banks’ website).
d) Property not yet selected (under this category customer can request the bank for approval of financing limit only, and then can subsequently select/ finalize a property)
a) Standard financing can be availed for a period between 3 years to 25 years.
b) Financing under Government Markup/Profit Subsidy scheme can be availed between 5 years to 20 years.
Roshan Apna Ghar finance under Standard financing product is being offered in fixed and variable rates, as per the choice of customer, as under:
Rate
Lien based Product
Non-Lien based Product
Variable 1 Year KIBOR KIBOR + 1.5%
Fixed* PKRV 5 Year PIB PKRV 5 Year PIB+ 1.5%
Whereas, Government Markup/Profit Subsidy Scheme is available as per the Tier based pricing as under:
Loan Tiers
Customer Pricing
Bank Pricing
Tier 1 3% for first 5 years &
5% for next 5 years 		KIBOR+250 BPS
Tier 2 5% for first 5 years &
7% for next 5 years 		KIBOR+400 BPS
Tier 3 7% for first 5 years &
9% for next 5 years 		KIBOR+400 BPS
For loan tenors exceeding 10 years, market rate i.e. bank pricing will be applicable for the period exceeding 10 years.
Under variable rate, markup/rental component of installments will be based on benchmark to be revised annually, whereas under fixed rate, markup/rental component of installment will be based on fixed rate for 5 years and will be revised after 5 years. After five years, the customer will have the option to continue with the fixed rate or switch to variable rate.
Yes! Roshan Apna Ghar Financing facility is available in both Shariah compliant and conventional variant.
I) Standard bank financing
a) Lien based financing: For Buy, Build & Renovation the minimum financing amount is PKR 500,000/- and there is no maximum limit.
b) Non-Lien based financing: For Buy and Build the minimum financing amount is PKR 500,000/- and there is no maximum limit. However, for renovation there is a maximum cap of Rs. 10 Million.

II) Government Markup/Profit Subsidy Scheme.
c) Tier 1 (T1) - Rs 2.7 million
d) Tier 2 (T2) - Rs 6.0 million
e) Tier 3 (T3) - Rs 10.0 million

However, customer’s repayment capacity will be taken into consideration while determining the amount of financing under both types of financing.
There is no minimum income requirement to avail the financing under the above schemes.
However, the customer’s Debt Burden Ratio (DBR) should not exceed 50% including the repayment of loan for Non Lien-based financing and Government Markup/Profit Subsidy Scheme. This limit is not applicable in case of lien-based financing.
Yes, you can settle/adjust your financing facility before the maturity date. However, early repayment during first year of financing is subject to fee/charge of 1% of the outstanding amount. There is no restriction on early payment in case of Government Markup/Profit subsidy scheme.
a) For Standard financing under lien Based product:
  • Purchase/Plot+ Construction/Construction Finance – Maximum up to 99% of property value.
  • Renovation – Maximum up to 40% of property value.

    • b) For Standard financing under Non-lien Based product:
  • Purchase/Plot+ Construction/Construction Finance – Maximum up to 85% of property value.
  • Renovation – Maximum up to 30% of property value.

    • c) For Government Markup/Profit Subsidy Scheme:
  • Tier 1 (T1) – 90% of property value.
  • Tier 2 & 3 (T2&T3) - 85% of property value.
    • Yes, a non-resident Pakistani or a POC holder non-resident can be added as a Co-borrower to club the income for Roshan Apna Ghar finance.
    a) A Co-Borrower must be a non-resident Pakistani or POC holder non-resident and his/her income can be clubbed for Roshan Apna Ghar finance. Co-borrower could be added in all categories of financing products.

    b) A Co-Applicant must be a resident Pakistani and his/her income cannot be clubbed. CoApplicant is required in Non-lien based financing only to fulfill the formalities for execution of transaction including transfer of property and creation of charge/mortgage in favor of bank on behalf of the borrower(s).

    c) Nominee must be a resident Pakistan, it could be a family member, law firm or property dealer as nominated by the borrower. Nominee can only be added in Lien based financing and under self-financing products. Nominee can execute the transaction on behalf of the borrower /investor including transfer of property in the name of borrower/investor.
    The pre-approved projects are those projects, which the banks have pre-assessed against a transparent criteria (available on banks’ website) for provision of financing facilities under Roshan Apna Ghar Scheme or for direct investment through self-financing by the non-resident RDA customers. While in case of selfselected properties, the bank will make an assessment of the property before deciding to provide the financing, which takes some more time.
    Off plan financing is extended for under construction projects. The builders/developers after the requisite regulatory approvals offer houses, apartments etc. for sale on installment plans. The borrowers seek financing from banks to partly finance the down payment and/or periodic installments to be paid to the builder/developer. This financing is generally called off-Plan financing.
    Self-financing means purchasing the property by a customer with his /her own money i.e. without obtaining any bank financing.
    There is no need for the RDA customer/ applicant to physically visit Pakistan against lien based and self-financing products. All the processes pertaining to financing will be completed digitally; however, execution of sale deed at land revenue authority may be got completed by the customer’s nominee Page 5 of 5 In case of Non-lien based financing, processes pertaining to financing will be completed digitally. However, the applicant has to authorize a person in Pakistan, through Special Power of Attorney, to execute the mortgage deed on his / her behalf, if he/she is not willing to visit Pakistan.

    For attestation of Special Power of Attorney, Pakistani Embassies, High Commissions, Consulate throughout the world would facilitate RDA holders for efficient processing.
    Yes, rental income received directly from the account of the tenant of the property acquired through Roshan Digital Account, whether through self-financing or through bank-financing, can be credited into RDA.
    Yes, the sales proceeds of the above investment can be repatriated as per the following:
    a) In case of sale of property after three years from date of purchase (final payment) under selffinancing or after three years of full adjustment / repayment of financing under bank-financing the entire disinvestment proceeds can be repatriated.

    b) In case of disinvestment within three years from the final payment for investment, under selffinancing, or full adjustment of loan under bank financing, only principal amount of investment can be repatriated, while the capital gain, if any, can be repatriated after completion of three years;
      • The amount of capital gain credited into NRVA upon disinvestment of property within three years, which is not eligible for repatriation till completion of three years, can be invested in eligible investments allowed through NRVA.

    c) In case where investment was made for construction of an existing land, the amount to be repatriated shall be the disinvestment proceeds less the value of land, as per the valuation report of the valuator on bank’s approved panel, at the time of disinvestment;
    RDA cannot be fed with the funds locally credited in Pakistan, as per FAQ No. 15 above. Nevertheless, in that case, the amount available in RDA may be utilized for the payment of such installments or repayment of loan.
    In that case, RDA Bank may offer two options to RDA holder for the full and final settlement of the bank financing on Roshan Apna Ghar and/ or Roshan Apni Car. (1) RDA holder may opt to settle all dues of the Bank while utilizing the amount available in RDA. (2) If the funds in RDA are insufficient, RDA holder in coordination with RDA bank, may convert the said bank financing into non-RDA/ financing for residents, and proceed as per the applicable prudential regulations.