Mera Ghar Mera Ashiana Scheme eligibility criteria and Other Details

Mera Ghar Mera Ashiana Scheme eligibility criteria

The Mera Ghar Mera Ashiana Scheme Eligibility Criteria has been designed to help low- and middle-income citizens of Pakistan achieve their dream of owning a home. According to the official circular, the applicant must be a Pakistani citizen with a valid CNIC and should not already own a housing unit in their name.

The scheme allows multiple options, including the purchase of a house or flat, construction of a house on an existing plot, or even the purchase of a plot along with construction. Applicants can apply for loans for houses of up to 5 Marla and flats or apartments of up to 1360 square feet. The financing is available through all commercial banks, Islamic banks, microfinance banks (MFBs), and the House Building Finance Company Limited (HBFCL), making it accessible nationwide.

Also Read: Govt Launches Mera Ghar Mera Ashiana Housing Scheme Today 2025

Loan Tiers & Financing Details Mera Ghar Mera Ashiana Scheme eligibility criteria

Tier 1 (T1): Loan up to Rs. 2.0 million.
Tier 2 (T2): Loan above Rs. 2.0 million and up to Rs. 3.5 million.
Tenure: Up to 20 years.
Subsidy: Available for the first 10 years.
Markup Rates:

5% fixed for Tier 1.
8% fixed for Tier 2.

6. Bank Pricing: One-Year KIBOR + 3%.

7. Other Benefits:

No processing charges.
No prepayment penalties.
Loan-to-Value (LTV) ratio: 90:10 (90% bank financing, 10% applicant’s own equity).
10% risk coverage provided by government.

Why Apply in Mera Ghar Mera Ashiana Scheme eligibility criteria September 2025?

Priority Processing: Early applicants get faster approval.
Government Backing: Supported by the State Bank of Pakistan and partner banks.
Affordable Housing: Best option for low-income families amidst rising property prices.
No Hidden Charges: Absolutely no processing fees or penalties.
Financial Stability: Helps secure long-term homeownership.

Step-by-Step Guide to Apply for Mera Ghar Mera Ashiana Scheme eligibility criteria

1. Confirm Eligibility

Must be Pakistani citizen.
Should not own any house already.
Must belong to low- or middle-income group.

2. Gather Required Documents

CNIC (original + copies).
Proof of income (salary slip, tax returns, business proof).
Property documents (if buying or constructing).
Bank account details.
Passport-sized photographs.

3. Visit Designated Banks

Approach participating commercial banks, MFBs, or HBFCL.
Request and collect official application form.

4. Fill & Submit Application

Fill the form carefully.
Attach all required documents.
Submit to bank representative.

5. Verification & Approval

Bank verifies documents and eligibility.
Priority given to first-time applicants.

6. Loan Disbursement

Payment made directly to property seller or builder.
For construction, funds may be released in stages.

Eligibility Criteria to Apply for Mera Ghar Mera Ashiana

First-time home buyers only.
Valid CNIC required.
No property registered in applicant’s name.
Must provide income proof to repay loan.

Required Documents Table

Document Type	Purpose
CNIC	Identity verification
Salary Slip/Income Proof	Loan repayment capability
Property Documents	For purchase/construction verification
Bank Account Details	Loan processing & disbursement
Passport Photos	Application completion

Comparison: Mera Ghar Mera Ashiana vs Traditional Loans

Feature	Mera Ghar Mera Ashiana	Regular Housing Loan
Markup Rate	5% – 8% (subsidized)	12% – 16%
Loan Tenure	Up to 20 years	10–15 years
Eligibility	Low- & middle-income	High-income only
Processing Fee	None	Applicable
Prepayment Penalty	None	Usually applicable