Pakistan
KP govt all set to provide interest free housing loans
As much as Rs4 billion was earmarked in the first phase of the project
Peshawar: The Khyber Pakhtunkhwa Government has decided to bring low-cost housing scheme for the residents of the province while a plan has been finalised in this regard.
According to reports, as much as Rs4 billion was earmarked in the first phase of the project. Interest-free loans worth Rs1.5 million will be given to underprivileged people of the frontier province.
The government will lend money for construction to those having 5 marlas of land.
According to reports the Housing Department had started formal working for the project. The residents would pay back loan in easy installments over the course of 10 years.
It must be remembered that loan would only be given to those who possessed land but didn’t have the finances to construct a home.