Introduction to Mear Ghar Mera Ashiyan Scheme
The Mera Ghar Mera Ashiana Scheme is a government-backed housing finance program in Pakistan. Launched to help first-time homebuyers, it offers low markup rates and long repayment plans. The scheme supports buying a home, building on an existing plot, or purchasing land and constructing a house. With loans up to PKR 3.5 million and fixed rates of 5% or 8%, it makes home ownership affordable for low and middle-income families. All major banks, Islamic banks, microfinance banks, and HBFCL participate, making the process easy and accessible nationwide.
This scheme focuses on providing financial relief for families without a home. Eligible citizens with a valid CNIC and no property in their name can benefit. It covers houses up to 5 Marla and flats up to 1,360 sq. ft., with up to 90% of the cost financed under a 20-year loan plan. The government also covers risk and markup subsidies for the first 10 years, keeping monthly payments low. This initiative not only makes housing more affordable but also supports sustainable growth in Pakistan’s real estate sector.
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Eligibility Criteria for Mear Ghar Mera Ashiyan Scheme
The Mera Ghar Mera Ashiana Scheme is designed for first-time homeowners in Pakistan. It helps low and middle-income families own a home with easy loans and low markup rates. To apply, you must meet simple requirements set by the government.
- Must be a Pakistani citizen with a valid CNIC.
- Must not own any housing unit, house, or flat in your name.
- Must meet bank requirements for income proof and repayment ability.
- Must be applying for home purchase, construction, or plot purchase with construction.
This scheme is ideal for first-time home buyers who want affordable housing solutions.
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Required Documents for Registration
To register for the Mera Ghar Mera Ashiana Scheme, applicants must provide clear and complete documents. These help banks verify eligibility and process the loan quickly. Keeping documents ready saves time and avoids delays.
- Valid CNIC of the applicant.
- Proof of income: salary slip, bank statement, or business record.
- Ownership proof of the plot if applying for construction.
- Property documents for the house or flat being purchased.
- Loan application form filled out and signed.
Having all the required documents ready makes loan approval faster and easier.
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Step-by-Step Registration Process with SBP
Registering for the Mera Ghar Mera Ashiana Scheme is simple and fast. The process is designed to help first-time homebuyers access affordable loans through participating banks. Following each step carefully ensures smooth approval.
- Visit any participating bank branch near you.
- Request the Mera Ghar Mera Ashiana Loan application form.
- Complete the application form with accurate details.
- Submit your CNIC and proof of income.
- Provide property documents and proof of plot ownership
- The bank will verify your documents and check your eligibility.
- Receive loan approval and complete the required formalities.
- Start your home purchase or construction with the approved loan.
Following these clear steps makes applying for the scheme quick and stress-free.
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Application Status Tracking
Tracking your loan application status helps you stay informed and prepared. The process is simple and ensures transparency at every step. Applicants can check progress easily through their bank or the official SBP channels.
- Visit the branch where you submitted your loan application.
- Call the bank’s customer service for updates.
- Use the bank’s online portal or mobile app.
- Check the official SBP website for scheme-related updates.
- Keep your application reference number ready for quick tracking.
Tracking your application keeps you informed and ensures the timely completion of your home loan process.
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Common Issues & Troubleshooting
While applying for the Mera Ghar Mera Ashiana Scheme, some applicants face common issues. Knowing how to troubleshoot these problems helps ensure a smooth process and faster approval. Banks and SBP provide support to resolve these challenges.
- Incomplete Documentation: Double-check all required documents before submission.
- Eligibility Discrepancies: Confirm CNIC details and property ownership status.
- Application Delays: Regularly follow up with the bank or check online status.
- Loan Amount Discrepancies: Verify calculations and consult bank staff for clarification.
- Property Verification Issues: Ensure all property-related documents are valid and complete.
Addressing common issues early makes the loan process faster and stress-free.
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FAQs about Mear Ghar Mera Ashiyan Scheme
Who can apply for the Mera Ghar Mera Ashiana Scheme?
Only first-time homeowners who are Pakistani citizens with a valid CNIC and do not own any property in their name can apply. Applicants must also meet the bank’s income and repayment criteria.
What types of housing projects are covered under this scheme?
The scheme covers the purchase of a house or flat, the construction of a house on an existing plot, and the purchase of a plot with the construction of a house.
What is the maximum loan amount available?
The scheme offers loans in two tiers: up to PKR 2.0 million (Tier 1) and above PKR 2.0 million up to PKR 3.5 million (Tier 2), with fixed markup rates of 5% and 8% respectively.
Are there any extra charges for the loan?
No. Participating banks do not charge processing fees or prepayment penalties under this scheme. This keeps housing finance more affordable.
How can I check the status of my loan application?
You can track your application by visiting your bank branch, calling the bank’s customer service, using the bank’s online portal, or checking updates on the official SBP website.
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