Mera Ghar – Mera Ashiana Program 2025
Mera Ghar – Mera Ashiana Program 2025: The Government of Pakistan, in collaboration with the State Bank, has announced the Mera Ghar – Mera Ashiana Program 2025 to make home ownership easier for citizens. The program has been designed for first-time homeowners who do not already own a house and are looking for affordable housing solutions. By offering subsidized loans, reduced markup rates, and long repayment options, the scheme aims to remove financial hurdles for families dreaming of owning their own homes.
This initiative is part of the government’s larger vision to promote affordable housing and strengthen the real estate and construction sector. Through risk-sharing measures and participation of all commercial and Islamic banks, the program ensures that financing becomes more accessible and secure. With flexible options for buying, building, or constructing on a plot, it provides opportunities for different income groups to step into their own houses.
Purpose of the Mera Ghar – Mera Ashiana Program
The program has been introduced to encourage affordable housing finance and reduce the burden of high markup rates for citizens. It provides an opportunity for individuals who do not own a house to finally step into home ownership. With a long repayment period, subsidized markup, and risk sharing by the government, it makes housing finance more secure both for banks and end-users.
This scheme is not only aimed at increasing access to housing but also at boosting construction activity, generating jobs, and supporting the overall economy.
Eligibility Criteria for Applicants
To apply for this scheme, applicants must fulfill a few specific conditions. The criteria are straightforward to make sure that genuine first-time homeowners can benefit.
Key eligibility requirements include:
- Applicant must be a citizen of Pakistan with a valid CNIC
- First-time homeowner (should not own any house in their name)
- Can apply for financing to purchase, construct, or buy and construct on a plot
This ensures that the subsidy reaches those who genuinely need support in owning their first house.
Scope of the Program
The Mera Ghar – Mera Ashiana scheme covers different types of housing needs. Citizens can choose the option that best suits their situation.
The scope includes:
- Purchase of a ready house or flat
- Construction of a house on an already owned plot
- Purchase of a plot and subsequent construction of a house
By including all these options, the program gives flexibility to applicants, whether they prefer building a new home or buying a completed one.
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Size of Housing Unit Allowed
There are specific limits on the size of housing units under this program to keep it focused on affordable housing.
- Houses up to 5 Marla are eligible
- Flats or apartments up to 1360 square feet can be financed
This ensures that the scheme supports modest, affordable housing rather than luxury real estate.
Loan Size and Tenure
The government has introduced two tiers of loan sizes under the scheme, keeping affordability and flexibility in mind. The maximum repayment period has also been extended to make installments easier.
| Tier | Loan Size | Customer Pricing | Maximum Tenure |
|---|---|---|---|
| T1 | Up to PKR 2.0 Million | 5% fixed | 20 years |
| T2 | Above PKR 2.0 Million and up to PKR 3.5 Million | 8% fixed | 20 years |
Subsidy is provided for the first 10 years, while banks charge One Year KIBOR + 3% as their base pricing.
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Loan to Value Ratio and Bank Charges
The scheme has been designed to minimize upfront costs and encourage more citizens to apply. Borrowers are required to contribute a small equity portion while the rest is covered through financing.
Highlights include:
- Loan to Value Ratio of 90:10 (90% bank financing, 10% borrower equity)
- No processing charges for applicants
- No prepayment penalty for early settlement
These features reduce the financial burden on applicants and make the process smoother.
Risk Sharing and Participating Banks
To protect banks and ensure smooth lending, the government has introduced a risk-sharing mechanism. This step increases banks’ confidence in offering housing loans to first-time buyers.
- Government provides 10% risk coverage on the outstanding loan portfolio on a first loss basis
- All commercial banks, Islamic banks, microfinance banks, and House Building Finance Company Limited (HBFCL) are participating in this program
This wide network of institutions ensures that citizens across the country can access the scheme through multiple financial channels.
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Conclusion
The Mera Ghar – Mera Ashiana Program 2025 is a strong initiative by the Government of Pakistan to promote affordable housing. With subsidized markups, risk coverage, and flexible financing options, it provides a real opportunity for families to own their first homes. The involvement of all major banks and the extended repayment tenure make it accessible to a wide range of income groups.
By bridging the gap between affordability and financing, this program has the potential to transform the housing sector and improve living standards for thousands of Pakistani families.
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FAQs
What is the Mera Ghar – Mera Ashiana Program 2025?
It is a housing finance scheme launched by the Government of Pakistan to help first-time homeowners buy or build affordable houses.
Who can apply for this program?
Only Pakistani citizens with a valid CNIC who do not already own a house are eligible to apply.
What types of housing are covered under the scheme?
Applicants can purchase a house or flat, construct on an existing plot, or buy a plot with construction financing.
What is the maximum loan amount and repayment period?
Loans of up to PKR 3.5 million are available with a repayment tenure of up to 20 years.
Which banks are part of this scheme?
All commercial banks, Islamic banks, microfinance banks, and HBFCL are participating in the program.