Overseas Pakistanis Foundation and Bank of Punjab sign MoU to provide housing loans under Prime Minister Apna Ghar Program

Overseas Pakistanis Foundation and
Bank of Punjab sign MoU to provide housing loans under Prime Minister Apna Ghar Program.

Under this agreement, eligible overseas Pakistanis will be able to avail housing loans of up to Rs 10 million for a maximum tenure of 20 years.

Lahore:(Reporter Nadia Tabassum) According to Global Times News Agency Europe, an MoU has been signed between Overseas Pakistanis Foundation (OPF) and Bank of Punjab (BOP) under the Prime Minister Apna Ghar Program to facilitate overseas Pakistanis in fulfilling their dream of building their own home in Pakistan. Under this agreement, eligible overseas Pakistanis will be able to avail housing loans of up to Rs 10 million for a maximum tenure of 20 years, which will provide them with loans on easy terms and low interest rates to purchase or construct residential property/house in Pakistan.As per the terms of the MoU, Overseas Pakistanis Foundation will receive applications from eligible and interested overseas Pakistanis and forward them to Bank of Punjab for further processing. On the other hand, Bank of Punjab will provide special facilities to process these applications on priority basis and expedite their processing, so that the applicants can get easy and efficient services.
This collaboration under the Prime Minister’s Apna Ghar Programme is expected to promote remittance-linked investment in the housing sector, strengthen the confidence of overseas Pakistanis in the national economy and contribute to the government’s vision of providing affordable housing to the citizens.