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?
Must be a Pakistani citizen.
Must be a first-time homebuyer.
Should not already own any property in their name.
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 SBP’s housing 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).
- Employment letter / business registration.
- Property documents (sale agreement, allotment letter, or plot ownership papers).
- Two passport-sized photographs.
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 your nearest branch of a participating bank.
- Request the “Mera Ghar – Mera Ashiana” loan application form.
- Submit completed form with required documents.
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.
