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Mera Ghar - Mera Ashiana Scheme 2025

Government housing loan scheme in Pakistan offering low markup rates, subsidy for 10 years, easy repayment, and eligibility for CNIC holders.
Ameer Hamza
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Mera Ghar - Mera Ashiana Scheme 2025

The Government of Pakistan, through the State Bank of Pakistan (SBP), has introduced a special housing finance program called Mera Ghar – Mera Ashiana. This scheme provides markup subsidy and risk sharing to make housing finance affordable for the general public. It is specially designed for first-time home buyers in Pakistan who do not already own a house. With low interest rates, long repayment period, and government subsidy, this program aims to fulfill the dream of home ownership for low and middle-income families.

Table of Contents

Why This Scheme is Important?

In Pakistan, one of the biggest problems faced by families is the high cost of buying or constructing a home. Traditional housing loans come with high markup rates and strict repayment conditions. This scheme reduces the burden by:

  1. Offering low fixed markup rates of 5% and 8% depending on loan size.
  2. Providing government subsidy for 10 years.
  3. Allowing long loan tenor up to 20 years for easy installments.
  4. No processing charges and no prepayment penalty.
  5. Available through almost all major banks in Pakistan.

Eligibility Criteria

  1. Applicant must be a Pakistani citizen holding valid CNIC.
  2. Applicant must be a first-time home buyer.
  3. No house or flat should be registered in applicant’s name previously.

Ineligibility (Who cannot apply?)

  1. If you already own a house or flat anywhere in Pakistan.
  2. If you have previously availed any government housing subsidy scheme.
  3. If you do not have a verifiable source of income or CNIC.

Scope of Scheme

  1. Purchase of a new house or flat.
  2. Construction of house on already owned plot.
  3. Purchase of residential plot and construction of house.
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Loan & Markup Details

Parameters Features
Housing Unit Size House up to 5 Marla OR Flat/Apartment up to 1360 sq. ft.
Financial Institutions All commercial banks, Islamic banks, Microfinance Banks (MFBs) and HBFCL
Maximum Loan Size T1 = Up to PKR 2.0 Million
T2 = Above PKR 2.0 Million and up to PKR 3.5 Million
Loan Tenor Up to 20 years (government subsidy for first 10 years)
Bank Pricing One Year KIBOR + 3%
Customer Fixed Pricing Tier 1: 5%
Tier 2: 8%
Bank Charges No processing fee, no prepayment penalty
Loan to Value (LTV) Ratio 90:10 (90% loan, 10% equity)
Risk Coverage 10% of the loan portfolio will be covered by the government on first loss basis

Required Documents

Applicants will need to provide the following documents when applying:

  1. Copy of valid CNIC.
  2. Recent passport-size photographs.
  3. Salary slip / Income certificate / Business proof.
  4. Bank account statement (last 6 months).
  5. Property documents (if plot is already owned).
  6. Utility bill copy (as address proof).

How to Apply Online?

  1. Visit the official website of your preferred bank (HBL, UBL, MCB, Meezan Bank, etc.).
  2. Search for “Mera Ghar – Mera Ashiana Housing Scheme”.
  3. Fill in the online application form with personal, financial, and property details.
  4. Upload scanned copies of required documents.
  5. Submit the application online.
  6. Bank will verify details and contact you for further process.

How to Apply Through Branch (Offline)?

  1. Visit the nearest branch of any participating bank.
  2. Ask for Mera Ghar – Mera Ashiana Housing Scheme form.
  3. Fill out the form and attach required documents.
  4. Submit the form to bank staff.
  5. Bank will process your application and inform you about approval.

Example: Repayment Calculation

If you take a loan of PKR 2 Million under Tier 1 (5% fixed markup):

  1. Loan Tenor = 20 years
  2. Monthly Installment ≈ PKR 13,200 (approx)

This is much lower than normal housing loans which usually charge 16-18% markup.

Frequently Asked Questions (FAQs)

Can overseas Pakistanis apply?

Currently, the scheme is mainly for resident Pakistanis holding valid CNIC. However, some banks may allow overseas applicants with NTN and proof of income.

Is the subsidy permanent?

No. The subsidy is available only for the first 10 years. After that, normal bank markup rates may apply.

Can I transfer this loan to another bank?

Yes, balance transfer facility is available with most banks if you wish to shift your loan.

Can I repay early?

Yes, you can repay early without any penalty charges.

What if I default on repayment?

In case of default, the bank may take legal action and recover the loan from the mortgaged property. Government risk coverage applies only to banks, not to applicants.

Conclusion

The Mera Ghar – Mera Ashiana Scheme 2025 is a golden chance for families in Pakistan to finally own their own home. With low markup rates, long repayment period, and no hidden charges, this scheme is specially designed to help low and middle-income households. If you meet the eligibility requirements, you should apply today either online or by visiting your nearest bank branch.

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