Active scheme rules

Editable in Postgres (`scheme_rules`) without a deploy. This page reads the active row. Terms change — do not treat as permanent law.

Rules id: wagp-2026-03-17
Verified on: 2026-03-17
Source: SBP SH&SFD Circular Letter No. 01 of 2026
Max loan: PKR 10,000,000
LTV: 90%
Debt burden ratio: 65% of net disposable (scheme rule, Circular No. 02 of 2026)
Indicative price ceiling: PKR 11,111,111
House cap: 10 marla / 2,720 sq ft
Flat cap: 1,500 sq ft covered
Tenor: 20 years (subsidy 10)
Years 1–10 markup: 5% fixed
Years 11+ markup: 1-year KIBOR + 3%
First home only: Yes
Allowed purposes: 1.Buy a completed unit
2.Build on a plot you already own
3.Buy a plot and build
Forbidden purposes: 1.Buy a plot only (no construction)
2.Renovate or expand

Calculator assumptions (not scheme law)

Installments use a standard reducing-balance EMI. SBP does not publish a formula; Islamic PFIs use rental under Diminishing Musharakah.
Headline loan is sized at the 5% subsidy rate. Year-11 KIBOR+3% is shown separately and can optionally cap the loan.
Age-at-maturity defaults (60 salaried / 65 self-employed) are common bank practice. The official FAQ says there is no federal age limit.
Co-applicant income is optional clubbing, not a married/single gate. Banks differ on how many relatives they allow.
CIB, valuation, title, and first-home status are not modelled.