The federal government has launched the subsidised “Mera Ghar – Mera Ashiana” housing finance scheme to help Pakistan’s middle and lower-income families purchase or build affordable homes.
The State Bank of Pakistan distributed the circular to banks, Housing Building Finance Corporation (HBFCL), and microfinance banks (MFBs) on Wednesday.
Who is eligible for Mera Ghar – Mera Ashiana loan scheme?
- Must be a Pakistani citizen.
- Must be a Pakistani citizen aged 25 to 60 years
- Monthly household income should be within the low- or middle-income category (PKR 25,000 – PKR 150,000)
- Applicant or spouse must not already own a house in Pakistan
- Property must be located in an approved housing society or area
- Must provide valid CNIC, income proof, and bank account details
- Must be a first-time homebuyer.
- Property must be up to 5 marlas (120 sq. yards) or 1,360 sq. ft. (flat/apartment).
What are the loan categories?
Tier-1: Up to Rs2 million (fixed rate 5%).
Tier-2: Rs2m–Rs3.5m (fixed rate 8%).
Tenure: Up to 20 years.
Markup subsidy: Government covers a portion for the first 10 years.
Loan-to-value ratio: 90:10, with the government sharing portfolio risk.
Where to apply for Mera Ghar – Mera Ashiana loan scheme?
Applicants can approach:
All commercial banks (like HBL, UBL, MCB, Meezan, etc.)
Housing Building Finance Corporation (HBFCL)
Microfinance banks (MFBs)
to initiate their loan application.
What documents required for housing loan scheme?
- CNIC copy.
- Proof of income (salary slips, bank statements, or business income).
- Bank statement (last 6 months)
- Employment letter / business registration.
- Property documents (sale agreement, allotment letter, or plot ownership papers).
- Two passport-sized photographs.
- Utility bill for current residential address verification
NOTE: These are the list of basic required documents; however, applicants must have to confirm with the closest bank branch.
What is the application process?
- Visit the official website of the State Bank of Pakistan or your preferred commercial bank.
- Go to the “Mera Ghar Mera Ashiana Loan” section and click on Apply Online.
- Fill out the application form with personal, financial, and property details.
- Upload the required documents in the specified format.
- Submit the application and wait for verification and approval from the bank.
After completing the evaluation, the bank assesses your creditworthiness and verifies the property details to determine your eligibility for the scheme.
If approved, the loan amount is disbursed directly to the seller, builder, or contractor.
This scheme comes as housing prices in cities like Karachi, Lahore, and Islamabad have become unaffordable, with even small homes costing millions.
The program aims to ease financial pressure and address Pakistan’s chronic housing shortage.
