Mera Ghar Mera Ashiana Scheme – Home Loan in Pakistan
Owning a house is a dream for every Pakistani family. To make this dream possible, the State Bank of Pakistan has introduced the Mera Ghar Mera Ashiana Scheme, which provides affordable home loans in Pakistan. Under this scheme, first-time buyers can easily purchase or build their own home with government-supported financing.
This is one of the best Govt loan schemes for houses in Pakistan, specially designed for low and middle-income families who cannot afford to buy a house in full payment.
Key Features of Mera Ghar Mera Ashiana Scheme
- Loan available for purchase of house, flat, or plot.
- Financing also available for construction of a new house.
- Loan limit: 20 lakh to 35 lakh rupees.
- Loan tenure: Up to 20 years.
- Subsidy available for first 10 years.
- No loan processing charges.
Eligibility Criteria
To apply for this home loan in Pakistan, the applicant must meet the following conditions:
- Must be a first-time home buyer.
- Must have a valid CNIC.
- Age limit as per bank rules (usually 25–60 years).
- Must fall in the low or middle-income group.
- Loan can only be used for buying or constructing a house, flat, or plot.
Loan Details and Pricing
The Mera Ghar Mera Ashiana Scheme is structured to make repayment easy and affordable.
| Loan Amount | Mark-up Rate | Duration | Notes |
|---|---|---|---|
| Up to Rs. 20 Lakh | 5% Fixed | 20 Years | Subsidy for 10 years |
| Up to Rs. 35 Lakh | 8% Fixed | 20 Years | Subsidy for 10 years |
👉 Banks will price the loan at KIBOR + 3%, but due to government subsidy, the consumer will only pay 5% to 8% mark-up depending on the loan slab.
Participating Banks
All conventional and Islamic banks in Pakistan, along with microfinance banks and House Building Finance Corporation (HBFC), are part of this scheme. This makes the loan easily accessible across Pakistan.
Benefits of Mera Ghar Mera Ashiana Scheme
- Easy access to affordable home loans in Pakistan.
- Specially designed for low and middle-income families.
- No processing fee.
- Long tenure of 20 years to reduce burden.
- Government subsidy for 10 years makes repayment easier.
- Available for house purchase, flat, plot, or construction.
How to Apply Mera Ghar Mera Ashiana Scheme
Applicants can visit their nearest bank branch (conventional or Islamic) to apply under this scheme. Required documents usually include:
- CNIC copy
- Proof of income (salary slip, business documents)
- Proof of first-time home ownership
- Bank’s application form
Once the application is approved, the bank will provide loan details and start the financing process.
Conclusion
The Mera Ghar Mera Ashiana Scheme is one of the most important Govt loan schemes for houses in Pakistan. With easy financing, long tenure, and low mark-up rates, this scheme makes it possible for every Pakistani family to have their own home.
If you are planning to buy or build your first house, this is the right time to apply and benefit from the home loan in Pakistan opportunity.
Frequently Asked Questions (FAQs) about Mera Ghar Mera Ashiana Scheme
1. What is Mera Ghar Mera Ashiana Scheme?
It is a government-supported housing finance scheme introduced by the State Bank of Pakistan to provide easy home loans in Pakistan for low and middle-income families.
2. Who is eligible for this scheme?
Only first-time home buyers who have a valid CNIC and fall under the low or middle-income category are eligible.
3. How much loan can I get under this scheme?
Applicants can get a loan between 20 lakh and 35 lakh rupees depending on their requirement and eligibility.
4. What is the duration of the loan?
The loan can be taken for up to 20 years, with government subsidy available for the first 10 years.
5. What is the mark-up rate for this home loan in Pakistan?
The mark-up rate is 5% for loans up to Rs. 20 lakh and 8% for loans up to Rs. 35 lakh.
6. Do I have to pay any processing fee for this loan?
No, there is no processing fee for this government loan scheme for houses in Pakistan.
7. Which banks are offering this scheme?
All conventional and Islamic banks, microfinance banks, and HBFC (House Building Finance Corporation) are part of this scheme.
8. Can overseas Pakistanis apply for this scheme?
Yes, overseas Pakistanis can also apply if they meet the eligibility criteria and provide valid income proof.
9. What documents are required for application?
You need:
CNIC copy
Proof of income (salary slip or business documents)
Bank application form
Proof that you do not own a house already
10. How can I apply for Mera Ghar Mera Ashiana Scheme?
You can apply by visiting your nearest bank branch and submitting the required documents. The bank will process your application and guide you through the financing procedure.