Mera Ghar Mera Ashiana Housing Scheme 2025: Online Apply, Eligibility, Benefits & Latest Updates
Mera Ghar Mera Ashiana Housing Scheme
Government of Pakistan has announced new and improved features under the Mera Ghar Mera Ashiana Housing Scheme 2025, making it easier than ever for low and middle-income families to secure financing for their first home. The State Bank of Pakistan (SBP) has directed all commercial banks, Islamic banks, and microfinance institutions (MFBs) to simplify the online application process, reduce documentation hurdles, and ensure faster loan approvals. This update also includes enhanced risk-sharing mechanisms and a renewed focus on first-time home buyers, ensuring that more citizens can own a home with minimal financial pressure.
One of the most impactful changes this year is the extended loan tenure of up to 20 years with a fixed markup rate as low as 5%, making monthly installments significantly lower than traditional mortgage plans. The loan-to-value (LTV) ratio remains highly favorable at 90:10 meaning the bank will finance 90% of the property value, and applicants only need to pay 10% as a down payment. With these new measures and a more inclusive eligibility structure, 2025 is shaping up to be the best time to apply for the Mera Ghar Mera Ashiana facility.
Key Highlights of Mera Ghar Mera Ashiana Loan Scheme 2025
The 2025 update focuses on providing affordable housing finance to those who have never owned property before. By combining markup subsidy, long repayment terms, and risk-sharing with banks, the government aims to bridge the gap between rising housing demand and financial accessibility. All major institutions including House Building Finance Corporation Limited (HBFCL), Islamic banks, and microfinance banks are now active participants in this initiative, making it available in every major city and town.
Eligibility Criteria for Applicants
To qualify for the Mera Ghar Mera Ashiana Loan Scheme in 2025, applicants must meet the following criteria:
- Must be a Pakistani citizen with a valid CNIC
- Must not own any house, flat, or residential property in their name
- Must provide income proof and meet the bank’s repayment requirements
- Should be applying for home ownership for the first time
These conditions ensure that the scheme directly benefits families who need housing the most.
Types of Housing Covered
The scheme is designed to be flexible and cater to various housing needs. Eligible applicants can apply for financing in the following cases:
- Purchase of a ready-to-live house or apartment
- Construction of a house on an already owned plot
- Purchase of a plot plus construction on it
Additionally, property size limits are clearly defined: up to 5 Marla for houses and up to 1,360 square feet for flats or apartments. This keeps the focus on affordable housing rather than luxury real estate.
Loan Size, Tiers, and Financing Details
The financing structure of the scheme is divided into two tiers:
| Tier | Loan Limit | Markup Rate | Tenure |
|---|---|---|---|
| T1 | Up to PKR 2 million | 5% Fixed | Up to 20 years |
| T2 | PKR 2 million – PKR 3.5 million | 8% Fixed | Up to 20 years |
The markup subsidy ensures that borrowers pay a significantly lower interest rate compared to market averages, which often exceed KIBOR + 3%. With a 90:10 LTV ratio, the bank covers 90% of the property cost, while you contribute just 10% as a down payment a huge relief for families with limited savings.
Participating Banks and Institutions
Almost all leading commercial banks, Islamic banks, and microfinance banks are part of the program, along with HBFCL. The State Bank of Pakistan has instructed these institutions to provide full guidance, ensure transparency, and speed up the application process. Applicants can visit any nearby branch to start the process or explore online application options through official bank websites.
Step-by-Step Application Process (2025)
Applying for the scheme is now simpler and faster thanks to digital integration and SBP’s new guidelines:
- Visit a participating bank branch or apply online via the bank’s website.
- Request the Mera Ghar Mera Ashiana application form.
- Submit required documents, including CNIC, income proof, and property documents.
- The bank will verify eligibility and calculate the loan amount.
- Upon approval, funds will be disbursed, and you can begin installment payments according to your plan.
Cost Breakdown and Monthly Payment Terms
Here’s how the subsidy benefits you:
- A loan of PKR 2 million at 5% for 20 years results in low monthly installments, often less than typical rent.
- A PKR 3.5 million loan at 8% remains affordable due to the fixed markup and extended repayment period.
- No processing fee is charged, and there’s no prepayment penalty if you decide to settle early.
This structure makes financial planning predictable and manageable for low and middle-income families.
Major Benefits of the Scheme
- Fixed and affordable markup rates of 5% and 8%
- Long-term repayment period of up to 20 years
- Low down payment requirement (only 10%)
- Zero hidden charges and no prepayment penalties
- Flexible options for both purchase and construction
- Support for first-time home buyers nationwide
Frequently Asked Questions (FAQs)
Q: Can I apply if I already own a home?
No, the scheme is exclusively for first-time homeowners.
Q: Which banks are participating?
All major commercial and Islamic banks, along with HBFCL and MFBs, are part of the program.
Q: How much equity is required?
Only 10% of the property’s total value is required as a down payment.
Q: Is the markup fixed?
Yes, the markup is fixed for the first 10 years, making your installment predictable.
Mera Ghar vs Traditional Housing Loans – Quick Comparison
| Feature | Mera Ghar Mera Ashiana | Traditional Loan |
|---|---|---|
| Markup Rate | 5% – 8% Fixed | KIBOR + 3% – 5% |
| Loan Tenure | Up to 20 Years | 10–15 Years |
| LTV Ratio | 90:10 | 70:30 or 80:20 |
| Prepayment Penalty | None | Usually Charged |
| Risk Coverage | Yes (10%) | No |
Why 2025 Is the Best Time to Apply
With property prices rising and traditional loan rates increasing, the Mera Ghar Mera Ashiana scheme offers a rare opportunity for affordable housing finance. The updated policy, improved online process, and State Bank of Pakistan’s strong oversight make home ownership easier and more achievable than ever.
Final Thoughts
If you’re a first-time buyer dreaming of owning a home, Mera Ghar Mera Ashiana Housing Scheme 2025 is your chance to make it happen. With low markup, easy terms, minimal documentation, and government-backed risk coverage, this program is the most affordable housing solution available today. Visit your nearest bank branch or apply online to start your journey toward a home of your own.
👉 Check the official SBP circular here for more details.
