Page 2 - Government Markup Subsidy Scheme News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Housing and construction finance rises by Rs163b in FY21 under MPMG
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SBP to Make Direct Payment Arrangements for Kamyab Pakistan Program Beneficiaries
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Housing, construction finance up 75pc in FY21: SBP - Newspaper
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SBP asks banks to rationalise loan fee
Applicants applying for housing loans are being charged exorbitant processing fee
KARACHI:
Pakistan’s central bank has taken notice of exorbitant application processing fee charged by commercial banks and development finance institutions (DFIs) for the much-hyped government’s subsidised loans for low-cost housing.
It has also observed that financial institutions are unduly delaying the processing of applications.
The State Bank of Pakistan (SBP) has directed the banks and DFIs to improve their behaviour towards customers and asked them to issue an e-tracking code to each applicant so they could check the status of their applications and know whether it has been approved or rejected.