Mera Ghar Mera Ashiana Scheme: Own Your Dream Home with Affordable Bank Finance

The Government of Pakistan and the State Bank of Pakistan (SBP) have launched the Mera Ghar Mera Ashiana Scheme to make your dream home a reality. Announced on September 24, 2025, it’s already helping thousands of families take their first steps toward home ownership. This housing finance program offers low-interest home loans—only 5% or 8% for the first 10 years, compared to the usual 15–20%. It’s designed exclusively for first-time buyers, ensuring fair access for everyone. Major banks like Meezan Bank, HBFC, Bank Al Habib, MCB Islamic Bank, Khushhali Microfinance Bank, Allied Bank, Faysal Bank and Sindh Bank have lauched the schme while many other banks are all part of it.

And the best part? You can apply online which some banks are offering through thier website—no long queues or paperwork headaches. Let’s break down how this scheme works and how you can turn your “ghar ka khawab” into reality.

Imagine coming home to a place that’s truly yours—no more rent hikes, no landlord troubles, no uncertainty. For many families in Pakistan, owning a home has always felt out of reach because home loans are just too expensive.

Note for Applicants: There is no official portal or office for the Mera Ghar Mera Ashiana Scheme by the government or SBP.
Apply only through participating banks—via their official websites or branches. Beware of fake sites or agents claiming otherwise.

میرا گھر میرا آشیانہ اسکیم حکومت اور اسٹیٹ بینک پاکستان کا ایک اہم منصوبہ ہے جس کے تحت پہلی بار گھر خریدنے یا بنانے والوں کو 20 سال تک کی آسان اقساط پر 20 لاکھ سے 35 لاکھ روپے تک کا گھر فنانس فراہم کیا جا رہا ہے۔ شرحِ منافع صرف 5٪ یا 8٪ ہے جو عام بینک شرحوں سے کہیں کم ہے۔ اس اسکیم کے ذریعے عام پاکستانی اب اپنے خوابوں کا گھر حاصل کر سکتے ہیں۔ درخواست صرف بینکوں کی آفیشل ویب سائٹس یا برانچز کے ذریعے دی جا سکتی ہے، کیونکہ حکومت یا اسٹیٹ بینک کی کوئی الگ ویب سائٹ یا دفتر موجود نہیں۔

What is the Mera Ghar Mera Ashiana Scheme?

Loan Tiers and Rates of Mera Ghar Mera Ashiana Scheme

How Banks Are Making Mera Ghar Mera Ashiana Scheme Easy for You

Every participating bank follows the same national guidelines but offers its own convenience features.
For example:

• Meezan Bank offers a Shariah-Compliant version through Diminishing Musharakah.
• HBFC uses its decades of housing-finance expertise and taking online inquiries.
• Bank AL Habib offers an affordable and flexible Housing Finance Scheme.
• MCB Islamic Bank offering affordable housing finance
• Faysal Bank offers Mera Ghar Mera Ashiana – a Subsidized Housing Finance Scheme
• Allied Bank provides digital applications and fast approvals.
• Khushhali Microfinance Bank offering finance to purchase or construct dream home

If you’re constructing your home, the loan is released in easy stages—foundation, structure, finishing. That keeps things transparent and smooth.

Who Can Apply for Mera Ghar Mera Ashiana Scheme?

To qualify for the Mera Ghar Mera Ashiana scheme, you need:

• Monthly income: Minimum PKR 37,000–40,000.
• Age: 20–65 years (at the time the loan ends).
• No existing house in your name.

You can also combine family income (from spouse or parents) to strengthen your application. Even those with minor past credit issues can qualify thanks to the government’s risk-sharing support.

General List of Documents

For Salaried Persons

To ensure smooth processing of your loan request, the following documents are normally required by the bank from a salaried individual:

1. Loan Application Form (LAF) — duly completed and signed.
2. Product Disclosure Sheet — read and acknowledged by the applicant.
3. Valid CNIC — for both the applicant and co-partner (if applicable).
4. Passport-size Photographs — two recent colour photographs of the applicant and co-partner (if applicable).
5. Direct Debit Authority (DDA) — where applicable.
6. Undertaking for First-Time Homebuyer — confirming that the applicant does not own any other property.
7. Property Ownership Documents — proof of allotment, transfer, or title deed of the property offered as security (if available).
8. Employer Certification (if applicable) — including a statement confirming continued payroll account maintenance with the lending bank, along with DDA.
9. Proof of Employment — any valid document verifying employment status and duration, such as:
   • Employment Letter, or
   • Employment Certificate, or
   • Any other official document from the employer.
10. Income Verification Documents — clearly showing salary structure and deductions, such as:
    • Latest Salary Slip, or
    • Salary Certificate.
11. Banking Information — Account Maintenance Certificate along with the last six (6) months’ bank statements showing salary credits.

For Self Employed Businessmen (SEB) / Self Employed Professional (SEP)

To process your loan efficiently, please ensure submission of the following documents:

1. Loan Application Form (LAF) — duly filled and signed by the applicant.
2. Product Disclosure Sheet — reviewed, acknowledged, and signed by the applicant.
3. Valid CNIC — of both the applicant and co-partner (if applicable).
4. Recent Photographs — two (2) passport-size colour photographs of the applicant and co-partner (if applicable).
5. Direct Debit Authority (DDA) — where applicable.
6. Undertaking for First-Time Homebuyer — confirming that the applicant does not own any other residential property.
7. Property Documents — proof of allotment, transfer, or title document of the property to be mortgaged (where available).
8. Proof of Business Ownership and Tenure — any valid document demonstrating ownership and duration of business operations, such as:
   • Partnership Deed, or
   • Bank Certificate for Sole Proprietor/Partnership, or
   • NTN Certificate, or
   • Office Rent Agreement, or
   • Professional Degree/Diploma and/or Valid Membership of a relevant professional body, or
   • Any other verifiable business document accepted by the lending institution fulfilling the minimum business tenure requirement.
9. Income Assessment Documents — verified proof of income as per bank’s requirement.
10. Banking Information — Account Maintenance Letter along with the latest six (6) months’ bank statements showing business or income transactions.

Step-by-Step: How to Apply for Mera Ghar Mera Ashiana

1. Check Eligibility: Use the free calculator on your bank’s website.
2. Gather Documents: CNIC, income proof (salary slips or tax returns), and property papers.
3. Submit Application: Apply through your bank’s online portal or visit a nearby branch.
4. Verification: Bank reviews documents and property details (usually 15–30 days).
5. Disbursement: Once approved, funds are transferred—either fully (for buying) or in stages (for building).

No hidden fees—just small costs for property valuation (around PKR 10,000–20,000). And you can pay early anytime without penalties.

Why This Scheme Matters for Pakistan

Pakistan faces a housing shortage of millions of homes. Rising costs and limited financing options have kept many families renting indefinitely. The Mera Ghar Mera Ashiana Scheme aims to bridge that gap by making affordable home loans available to the middle and lower-middle class.

Beyond helping families, this scheme also:

• Creates jobs in construction, materials, and local services.
• Strengthens communities through better housing.
• Encourages green and efficient building practices.

It’s not just about homes—it’s about building a stronger, more stable Pakistan.

Affordability: No More Breaking the Bank

At 5% markup, a PKR 2 million loan means manageable payments—around PKR 10,000–15,000 per month. That’s close to what many pay in rent today. The scheme ensures your loan payments stay under 30% of your monthly income, keeping family budgets balanced.

This relief gives families space to save for education, health, and a better lifestyle.

Early Buzz: Public is Responding

Just weeks after launch, banks report a surge in applications—especially from young earners aged 25–40. Tier 1 (5% markup) is proving the most popular. With smooth online processing and flexible repayment, more Pakistanis are finally seeing home ownership within reach.

Quick Guide: Mera Ghar Mera Ashiana Apply Online

Here’s how to get started:

Note: Not all banks are inviting online application/queries, so the bank visit is preferable along with the set of documents described earlier

1. Visit your bank’s website (like HBFC or others offering online quieres or applications).
2. Go to the “Mera Ghar Mera Ashiana” page.
3. Fill in your details and upload documents securely.
4. Track your application via email, SMS, or Bank app.
5. Visit the branch only if you prefer in-person assistance.

It’s fast, paper-light, and safe.

FAQs

Conclusion

The Mera Ghar Mera Ashiana loan scheme is more than a policy—it’s a promise. A promise that home ownership in Pakistan doesn’t have to be just a dream. With government support, low markups, and online convenience, your own home is now closer than ever.

So why wait?
Visit your preferred bank’s website and apply online for Mera Ghar Mera Ashiana today—because your ashiana deserves to be yours.

Read more useful content about loan schemes, economy, finance, and taxation here.