The Mera Ghar Mera Ashiana Program was launched in September 2026 by the Government of Pakistan in cooperation with State Bank of Pakistan SBP to help low and middle income families own a home.
Details About Mera Ghar Mera Ashiana Scheme
| Feature | Details |
|---|---|
| Scheme Name | Mera Ghar Mera Ashiana Program |
| Launched By | Government of Pakistan with State Bank of Pakistan |
| Launch Date | September |
| Loan Amount | Up to PKR 3.5 million |
| Loan Tenure | Maximum 20 years |
| Markup Rate | Tier 1 loan 5 percent Tier 2 loan 8 percent |
| Subsidy | Government subsidy on markup for first 10 years |
| Eligibility | Pakistani citizens with CNIC first time home buyers |
| Property Limit | House up to 5 Marla Flat up to 1360 sq ft |
| Down Payment | 10 percent equity required |
Why the Scheme Was Introduced
Housing prices in Pakistan have risen sharply making home ownership out of reach for many families The scheme aims to reduce burden of rent and provide affordable housing finance options to middle and low income citizens.
Key Features of the Program
- Loans up to PKR 3.5 million for eligible applicants
- Two financing Tiers
• Tier 1 loans up to PKR 2 million with fixed markup rate of 5 percent
• Tier 2 loans between PKR 2 million and PKR 3.5 million with fixed markup rate of 8 percent - Maximum loan tenure 20 years
- Government will subsidise markup for first 10 years of loan to reduce burden
- Loan to Value Ratio LTV is 90 10 so borrower provides 10 percent equity and bank finances 90 percent
Eligible Applicants
- Must be citizen of Pakistan with valid CNIC
- Must be first time home owner meaning no house flat or property in own name
- Must meet bank income criteria so as to be able to repay loan instalments
Property or Housing Unit Limits
- House up to 5 Marla size
- Flat or Apartment up to 1360 square feet area
Participating Banks and Institutions
- All commercial banks and Islamic banks
- All microfinance banks MFBs
- House Building Finance Corporation Limited HBFC
Costs and Charges
- No processing fees for applicants under this scheme
- No penalty for early repayment if loan is paid off before full term
How to Apply
- Visit any branch of a participating bank or Islamic bank or HBFC to get application form
- Fill out application form with details including CNIC proof income proof property details if applicable
- Submit equity or down payment 10 percent as required
- Provide documents confirming you do not own any housing unit in your name
- Bank and SBP will verify your eligibility and property valuation
Benefits of Program
- Affordable monthly instalments due to low fixed markup rates early on
- Long repayment term of up to 20 years gives breathing room in finances
- Reduced upfront cost since down payment is only 10 percent equity
- Government subsidy on markup helps early years reduce cost of interest payments
Things to Watch or Limitations
- After first 10 years the markup rate might be adjusted or market linked rates may apply
- Property must meet specifications such as size limits otherwise may be rejected or partly approved
- Applicants must satisfy bank repayment ability criteria otherwise application may be denied
Conclusion
The Mera Ghar Mera Ashiana Program 2026 is a housing finance initiative for Pakistan aimed at giving first time home buyers opportunity to own homes with affordable loans long repayment term and government backed subsidy If you are a citizen with CNIC do not own property and can meet basic income proof this scheme could help you move from rent to owning your own house or flat.
