The State Bank of Pakistan (SBP) has introduced a new housing finance scheme called “Mera Ghar Mera Aashiyana” to help people purchase or build their first home. The initiative covers houses, flats, and plots, and aims to make housing more affordable for middle- and lower-income groups.
Key Features of ‘Mera Ghar Mera Aashiyana’ Scheme
- Loan Amount:
First-time buyers can apply for loans ranging between Rs. 2 million to Rs. 3.5 million. - Tenure:
Loan repayment is available for up to 20 years. - Subsidy Duration:
A subsidised rate will apply for the first 10 years. After that, normal market rates will be charged. - Interest Rate:
- Loans up to Rs. 2 million → 5% fixed rate
- Loans up to Rs. 3.5 million → 8% fixed rate
- Loans up to Rs. 2 million → 5% fixed rate
- No Processing Fees:
Borrowers will not have to pay loan processing charges. - Participating Institutions:
All conventional banks, Islamic banks, microfinance institutions, and the House Building Finance Corporation (HBFC) will provide financing under this scheme.
Background of ‘Mera Ghar Mera Aashiyana’ Scheme
Earlier in July 2025, the Economic Coordination Committee (ECC) approved a mark-up subsidy scheme worth Rs. 72 billion for 50,000 housing units during the current fiscal year. The “Mera Ghar Mera Aashiyana” scheme is part of this larger effort to make home ownership easier for first-time buyers.
Eligibility of ‘Mera Ghar Mera Aashiyana’ Scheme
- Only first-time home buyers who do not already own property can apply.
- Applicants must hold a valid CNIC.
Owning a house has been a dream for millions of Pakistanis, but high property prices and financing difficulties have kept many away. With this scheme, the SBP hopes to make housing finance more accessible, affordable, and long-term for families who are buying their first home.
This is a government-backed scheme that combines subsidies, low interest rates, and long repayment options to encourage home ownership across Pakistan.
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