BOP Apna Ghar Scheme

Frequently Asked Questions (FAQs)

Q: What is Bop Apna Ghar Financing?
A: BOP Apna Ghar financing is a House Financing facility for:
 Purchase of constructed house
 Purchase of plot and construction, thereon
 Construction of house on self-owned plot
 Renovation of house

Q: Can i apply for Bop Apna Ghar?

A: Yes, you can apply for BOP Apna Ghar if you fall in any of the following categories:
 Salaried Individuals (SI)
 Self Employed Professional (SEP)
 Self Employed Businessman (SEB)
 Non-Resident of Pakistanis (NRPs)

Q: What is the tenure of housing finance facility under BOP Apna Ghar scheme?
A: Individuals applying for the finance facility should fulfill the following eligibility criteria:
Purpose of Loan Minimum Maximum Grace Period
Tenure Tenure
Purchase of constructed residential house/ No grace period allowed
apartment 3 Years 25 Years
Purchase of plot & construction thereon Up to 12 months
Construction of house on self-owned plot
Renovation of self-owned house 1 Year 10 Years Based on nature of transaction
(upto 12 months)

Q: What is the eligibility criteria for BOP Apna Ghar?

A: Individuals applying for the finance facility should fulfill the following eligibility criteria:
Eligible Items Salaried Individuals (SI) Self Employed Professionals/ Non Resident of Pakistan
Businessmen (SEP/SEB) (NRPs))
Age 20-60 Years (60 years at 25-65 Years (65 years at maturity 25-65 Years (65 years at maturity
maturity of facility) of facility) of facility)
Permanent/ contractual Minimum years in current Have valid documentary proof of
Job employees minimum 3 years business/ profession – 3 years at least 1 year of perpetual
Experience job experience income in foreign country as
salaried individual or 3 years for
SEB/SEP
Minimum gross salary per
month:
Salary/ a. Permanent employee Minimum monthly income Minimum monthly verifiable
Income PKR 40,000/- Rs.50,000/- income Rs. 300,000/-
b. Contractual
employee PKR
50,000/-
Q: What documents are required for availing the facility for BOP Apna Ghar Scheme?
A:
Documents Required
Salaried Individuals (SI) Self Employed Professionals/ Non Resident of Pakistan (NRPs)
Businessmen (SEP/SEB)
 Copy of valid  Copy of CNIC/Smart  Copy of valid passport
Computerized/Smart National Identity Card  Copy of valid residency/
National Identity Card (C/SNIC)/ Nadra Verisys work permit VISA
(C/SNIC)/ Nadra Verisys  4 photographs  Application form including
 For Private Sector:  Duly verified Original Bank CF-1 form
Original salary slip and original statement (duly signed  Duly verified Original Bank
Employer certificate duly verified by and stamped) of business statement of last 01 year
employer confirming salary details along with account in foreign country showing
(last 3 months to be provided) maintenance letter or income source OR if bank
 For Govt Sector: personal account for last statement is not available
Original Salary Slip Latest duly verified 01 year then monthly income to
by employer (last 3 months to be  Copy of latest utility bill be confirmed any reliable
provided) (electricity or gas or documentary evidence)
 In case of contractual phone) of residence  Documentary proof of
employment; valid  Application form including employment / business /
employment contract and CF -1 form profession from last 03
any other supporting  Copy of valid CNIC and years in foreign country of
document (as required). eCIB of Spouse (if residence
 4 photographs married)/ Nadra Verisys  4 photographs
 Duly verified Original Bank  Copy of Valid CNIC of 02  Any documentary
statement for last 6 months References (should not evidence of residence/
(reflecting last 6 salaries) include immediate family living address/ stay in
 Copy of latest utility bills members)/ Nadra Verisys Pakistan
(electricity or gas or phone)  Detailed profile of the  Copy of valid CNIC of
 Application form including customer/ CV Spouse (if married)/ Nadra
CF-1 form Verisys
 Copy of valid CNIC and eCIB of  Copy of Valid CNIC of 02
Spouse (if married)/ Nadra References living in
Verisys Pakistan (should not
 Copy of Valid CNIC of 02 include immediate family
References members)/ Nadra Verisys
 Detailed profile of the  Detailed profile of the
customer/ CV customer/ CV

Q: What Rate of markup will be charged?

A: Please visit BOP website or your nearest BOP Branch for latest rates.

Q: Is it necessary to have account in BOP?

A: Yes, it is necessary for the customer to open his account with BOP. You may have salary/income
A/C with BOP or any other bank.

Q: When is the monthly installment to be deposited?

A: The monthly installment should be deposited in your BOP A/C on or before 5th of every month.
Q: Is there any late payment charges if monthly installment is delayed?
A: Yes, in case of late payment Re. 1 per thousand per day of installment amount from due date till
actual payment shall be charged.

Q: Will i have to pay any additional charges on pre-payment/balloon payment of my installments?

A: Yes, you will be charged pre-payment charges at the rate of 3% of Principal Amount.

Q: What other charges will i have to pay in order to avail the finance facility?
A: The customer will have to pay one time processing fee (non-refundable)
Processing Fee: SI / SEP = PKR 8,000/-
Others = PKR 10,000/-

Q: Can the loan amount from the bank be used in other purposes?
A: No, the amount financed by the bank can only be used for the specific purpose it has been
availed.

Q: Can the application for the loan be cancelled?

A: Yes, the bank is authorized to cancel any request if the applicant doesn’t fulfill the necessary
requirements, required by the bank.

Q: What are the property locations for the facility?

A: Please visit BOP your nearest BOP Branch for the list of all approved areas for the facility

Q: What are the rights and obligations of the customer regarding the facility?
A:
Duties/Obligations: Rights:
1. The customer should timely provide all 1. To receive notifications of any change in
the required information relating to terms & conditions within 30 days of
facility. pronouncement.
2. Payment by the customer should be made 2. To receive the repayment schedule free of
as per the agreed terms in Finance cost.
Agreement. 3. To contact the bank officials during the
3. To maintain sufficient funds in bank a/c business hours.
for monthly deductions

Q: In case of any queries, whom should the customer contact?

A: The customer can approach the bank officials by using the following contacts:
For General Queries: 042-99268075 / 35817491
For lodging any complaint: [email protected]