sbp.org.pk | Mera Ghar Mera Ashiana Loan Scheme Apply Now & Get 2M to 3.5M Loan For Home
Mera Ghar Mera Ashiana Loan Scheme
Owning a house is a dream for millions of families in Pakistan. However, due to high property prices and expensive loans, most middle-class and lower-income families cannot afford their own homes. To solve this issue, the Government of Pakistan, with the support of the State Bank of Pakistan (SBP), has launched the Mera Ghar Mera Ashiana Loan Scheme under the Markup Subsidy and Risk Sharing Program.
This scheme makes it possible for citizens to borrow between 2 million and 3.5 million rupees with very easy conditions, low markup, and a long repayment period. The aim is to provide affordable housing to first-time homeowners and help them live in their own houses instead of renting.
In this article, we will explain all the details of the scheme, including eligibility, loan size, markup rates, housing unit size, application process, and benefits. We will also share a summary table for quick guidance.
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What is Mera Ghar Mera Ashiana Loan Scheme?
The Mera Ghar Mera Ashiana Scheme is a housing finance program where the government offers subsidy and risk coverage to banks, so that ordinary people can access home loans on easy terms. Under this scheme, applicants can:
- Purchase a house or flat
- Construct a house on their owned plot
- Purchase a plot and build a house on it
This program is part of the government’s vision to provide affordable homes to citizens, especially those who are buying their first house.
Eligibility Criteria
Not everyone can apply for this loan. The government has kept simple but strict conditions so that only deserving people can benefit.
To apply, you must:
- Be a citizen of Pakistan with a valid CNIC
- Be a first-time homeowner (you should not already own a house in your name)
- Apply for house purchase, plot purchase + construction, or construction on an existing plot
This ensures that people who already own properties cannot misuse the facility.
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Loan Amount & Tiers
The scheme offers two categories of loans, depending on the applicant’s requirement.
- Tier 1 (T1): Loan up to PKR 2 Million
- Tier 2 (T2): Loan above PKR 2 Million and up to PKR 3.5 Million
This means applicants can borrow from 20 to 35 lakh rupees, which is enough for small houses and apartments.
Loan Tenure & Markup
One of the best features of this scheme is its long repayment period and low markup rates.
- Loan repayment period: Up to 20 years
- Government subsidy: For first 10 years
The fixed markup rates are:
- Tier 1: 5%
- Tier 2: 8%
This is much lower compared to normal housing loans, where markup can be 16–20%.
Size of Housing Unit
The scheme is limited to small houses and apartments, making it ideal for the middle class.
- House up to 5 Marla
- Apartment/Flat up to 1360 sq. ft.
This restriction ensures that the scheme benefits genuine families instead of luxury buyers.
Participating Banks & Institutions
The State Bank has directed all banks and housing finance companies to participate in the scheme. You can apply through:
- All Commercial Banks
- Islamic Banks
- Microfinance Banks (MFBs)
- House Building Finance Company (HBFC)
Applicants can visit their nearest branch of these institutions and apply directly.
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Key Benefits for Applicants
This program is designed to support low and middle-income citizens. The major benefits include:
- No processing cost
- No prepayment penalty (you can repay early without extra charges)
- Very low markup compared to normal market rates
- Long repayment period (up to 20 years)
- Easy documentation and conditions
Loan to Value Ratio & Risk Sharing
The financing under this scheme will be based on a 90:10 ratio, which means:
- Bank will finance 90% of the cost
- Applicant will contribute only 10% equity
In addition, the government will provide 10% risk coverage on the outstanding portfolio. This reduces risk for banks and encourages them to lend more to citizens.
Summary
Here is a quick summary of all key features:
| Parameter | Details |
|---|---|
| Eligibility | First-time homeowners, Pakistani CNIC holders, no house in their name |
| Scope | Purchase house/flat, construct house on owned plot, purchase plot + build |
| Loan Size | T1: Up to PKR 2 Million; T2: Above PKR 2M up to PKR 3.5M |
| Loan Tenure | Up to 20 years (subsidy for first 10 years) |
| Markup Rate | Tier 1: 5%, Tier 2: 8% |
| Unit Size | House up to 5 Marla, Flat up to 1360 sq. ft. |
| Banks | All commercial banks, Islamic banks, MFBs, HBFC |
| Charges | No processing cost, No prepayment penalty |
| Loan to Value | 90:10 ratio (90% loan, 10% equity) |
| Risk Sharing | 10% of outstanding loan covered by government |
How to Apply for Mera Ghar Mera Ashiana Loan Scheme
Applying for this scheme is simple. Here is a step-by-step guide:
- Visit a Participating Bank
- Go to any commercial, Islamic, or microfinance bank branch, or HBFC.
- Fill the Application Form
- Request the Mera Ghar Mera Ashiana Loan Form from the bank.
- Attach Required Documents
- Copy of CNIC
- Proof of income (salary slip, business documents, etc.)
- Property documents (if applicable)
- Submit Application
- Submit your form and documents for verification.
- Bank Review & Approval
- The bank will check eligibility and process your request.
- Loan Disbursement
- If approved, the loan amount will be released according to the purpose (purchase, construction, or plot + construction).
Why This Scheme is Important
For many Pakistani families, renting a house takes away a large part of their income. This scheme allows them to finally own a home by paying monthly installments that are often equal to or even less than their rent.
With no extra charges, lower markup, and long repayment, it is one of the most affordable housing finance options in the country.
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Conclusion
The Mera Ghar Mera Ashiana Loan Scheme is a golden opportunity for Pakistani citizens to achieve their dream of owning a house. With loans ranging from 20 to 35 lakh rupees, low markup of 5% and 8%, no hidden costs, and a repayment period of up to 20 years, the government has made it easier than ever to buy or construct a home.
If you are a first-time homebuyer with a valid CNIC, this scheme is designed for you. Visit your nearest bank today, apply under this program, and take the first step toward making your dream home a reality.