The State Bank of Pakistan (SBP) has introduced the Mera Ghar Mera Ashiana Loan Scheme 2025. It helps low- and middle-income Pakistani families. The goal is to help them buy or build their own homes. Rising prices make homeownership hard. This scheme provides affordable housing finance. It has a government subsidy and low markup rates. This is a great chance for citizens who do not own a home yet.
Quick Information Table
This program is part of the government’s effort. It is for affordable housing. The State Bank of Pakistan manages it. The main purpose is to give low-cost home financing. It is for families who do not own a house or flat. Key features are:
- A government markup subsidy. It is for the first 10 years.
- A risk-sharing mechanism. It encourages banks to lend money.
- The loan is flexible. You can use it to buy, build, or renovate a house.
- There are no hidden fees.
Eligibility Criteria for SBP Mera Ghar Mera Ashiana Loan Scheme
Strict rules are in place. This is to ensure only deserving families benefit.
- You must be a Pakistani citizen. You need a valid CNIC.
- You must be a first-time homeowner. You cannot already own a house or flat.
- You can apply alone. You can also apply with your spouse.
- Age and income requirements apply. They are based on bank rules.
Scope of the Loan
Applicants can use the loan for different housing purposes.
- You can use it to purchase a house or flat.
- You can use it to construct a house. You must own the plot already.
- You can use it to buy a plot and then build a house.
This flexibility makes the scheme useful. It suits different needs.
Size of Housing Units
The scheme supports small and medium-sized units.
- House: Up to 5 Marla.
- Flat/Apartment: Up to 1,360 sq. ft.
This ensures the scheme promotes affordable homes. It does not support luxury properties.
Loan Amount & Tiers
The financing is split into two tiers.
- Tier 1 (T1): Up to PKR 2.0 Million.
- Tier 2 (T2): Up to PKR 3.5 Million.
This system provides flexibility. It depends on your budget and needs.
Loan Tenor (Repayment Period)
The maximum repayment period is 20 years. The government provides a markup subsidy for the first 10 years. A longer repayment period means smaller monthly payments. This makes it affordable for many families.
Pricing & Markup Rates
The biggest benefit is the subsidized markup.
- Tier 1 (T1): The fixed markup is 5%.
- Tier 2 (T2): The fixed markup is 8%.
Normal bank rates are much higher. This makes the scheme very affordable.
Bank Charges
The scheme is fair and easy to access.
- There is no processing fee.
- There is no penalty for early repayment.
- Only standard documentation charges apply.
- The Loan-to-Value (LTV) ratio is 90:10. This means the bank gives 90% of the loan. You only need to contribute 10% equity.
For example, a house costs PKR 2 million. You only pay PKR 200,000. The bank covers the remaining PKR 1.8 million.
Risk Coverage for Banks
The government encourages banks to lend. It covers 10% of the outstanding loan portfolio. This reduces the risk for banks. It ensures smooth financing for applicants.
Participating Financial Institutions
Almost all banks in Pakistan are part of this scheme.
- Commercial Banks (HBL, UBL, MCB, ABL, etc.)
- Islamic Banks (Meezan, Bank Islami, etc.)
- Microfinance Banks (MFBs)
- House Building Finance Corporation Limited (HBFCL)
You can apply at any branch of these banks.
Benefits of Mera Ghar Mera Ashiana Loan Scheme
This scheme offers many benefits.
- Monthly payments are affordable.
- The loan term is long (20 years).
- A government subsidy reduces the cost.
- There are no hidden charges.
- You can use it to purchase or build a home.
- Many banks participate, so it is widely available.
How to Apply for SBP Mera Ghar Mera Ashiana Loan Scheme 2025
Step 1: Visit a Participating Bank Go to a branch of any of the banks listed above.
Step 2: Fill Out Application Form Complete the housing finance form. The bank will provide it.
Step 3: Attach Required Documents You will need:
- A copy of your CNIC.
- Proof of your income.
- Property documents (if you have a plot).
- Passport-size photos.
Step 4: Verification & Approval The bank will check if you meet the eligibility criteria.
Step 5: Loan Disbursement Once approved, the loan is disbursed. It is based on your plan.
Conclusion
The SBP Mera Ghar Mera Ashiana Loan Scheme 2025 is a big step. It is for low- and middle-income families in Pakistan. With government support and flexible options, it makes homeownership possible. Thousands of citizens can benefit. If you are a first-time buyer and dream of owning a home, this is your chance. Prepare your documents and apply at your nearest bank. It is the first step to securing your family’s future.
