Mera Ghar Mera Ashiana Scheme Approved Bank List
Mera Ghar Mera Ashiana Scheme Approved Bank List Owning a home has always been considered a luxury for many families in Pakistan, especially those who fall into the low-income or vulnerable category. Rising property prices and limited access to bank loans made home ownership almost impossible for such citizens. To address this crisis, the Government of Pakistan, with the support of the State Bank of Pakistan (SBP), introduced the Mera Ghar Mera Ashiana Housing Loan Scheme 2025. This scheme allows homeless citizens to apply for subsidized loans with long repayment plans and affordable markup rates.
The program is not just about providing loans but also about creating a fair opportunity for families who have never owned a home before. With financing up to 90%, a government-backed markup subsidy, and partnerships with top banks and microfinance institutions, the scheme is designed to reduce the housing gap in the country. It gives thousands of families the ability to finally invest in a secure and permanent living space.
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Why MGMA Scheme is Important
Pakistan has been struggling with a housing shortage for decades. Most middle and low-income families cannot afford to buy or build homes due to high property prices and expensive loan structures. This scheme tackles both issues by providing affordable housing loans and extending repayment periods to 20 years.
Another reason this program is so important is that it directly contributes to financial inclusion. People who previously did not have access to banks or formal financing systems can now get recognized and supported by leading banks under government guarantee. This not only improves their living standards but also strengthens the country’s economy.
Key advantages include:
- Government-subsidized markup rates of 5% to 8%
- Long repayment tenure of up to 20 years
- Loans available for construction, purchase of houses, or flats
- Special consideration for women, widows, and differently-abled citizens
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Eligibility Criteria for Applicants
Not everyone can apply for this housing loan, as the scheme is designed to target those who truly need support. Applicants must meet the following criteria:
- Must be a Pakistani citizen with a valid CNIC
- Must not own any house, flat, or residential plot in their name
- Should be applying for a home loan for the very first time
- Priority is given to women, widows, and persons with disabilities
- Applicants should belong to low-income or lower-middle-income households
These conditions ensure that the benefits go directly to homeless and deserving families rather than those who already own property.
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Loan Tiers and Limits
The housing loan is divided into two categories known as tiers. Each tier has its own loan amount limit and markup rate. This structure allows flexibility for different financial groups and provides options for both smaller and slightly larger housing needs.
- Tier 1 (T1): Loan limit up to PKR 2 million with a fixed markup of 5%
- Tier 2 (T2): Loan limit up to PKR 3.5 million with a fixed markup of 8%
The tenure for both tiers is up to 20 years, and the loan-to-value ratio is fixed at 90:10, meaning the bank pays 90% of the cost while the applicant contributes just 10%.
Loan Tier Comparison Table
| Feature | Tier 1 (T1) | Tier 2 (T2) | Notes |
|---|---|---|---|
| Maximum Loan Amount | PKR 2 million | PKR 3.5 million | Based on applicant profile |
| Fixed Markup Rate | 5% | 8% | Subsidized by government |
| Repayment Tenure | Up to 20 years | Up to 20 years | Flexible plans available |
| Loan-to-Value (LTV) Ratio | 90:10 | 90:10 | Only 10% upfront contribution |
| Processing Fees | None | None | No hidden charges |
| Prepayment Penalty | None | None | Early repayment allowed |
This flexible and transparent structure makes it easier for families to plan their finances and pay installments without extra charges.
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Approved Bank and Institution List
Applicants can apply for this loan through any of the banks and institutions approved by the State Bank of Pakistan. These banks provide application forms, guidance, and complete support throughout the process:
- Allied Bank Limited
- Askari Bank Limited
- Bank AL Habib Limited
- Bank Alfalah Limited
- The Bank of Khyber
- The Bank of Punjab
- BankIslami Pakistan Limited
- Citibank N.A.
- Deutsche Bank AG
- Dubai Islamic Bank Pakistan Limited
- Faysal Bank Limited
- First Women Bank Limited
- Habib Bank Limited (HBL)
- Habib Metropolitan Bank Limited
- Industrial and Commercial Bank of China Limited
- Industrial Development Bank of Pakistan
- JS Bank Limited
- Meezan Bank Limited
- MCB Bank Limited
- MCB Islamic Bank
- National Bank of Pakistan
In addition to these, House Building Finance Corporation (HBFCL) and Microfinance Banks (MFBs) are also part of this program, ensuring the scheme reaches even smaller towns and rural areas.
Loan Structure and Financing
The loan repayment structure is very borrower-friendly. The government’s markup subsidy ensures that monthly installments remain affordable, while long-term repayment allows flexibility for different income groups.
Key highlights of financing structure:
- Loan tenure up to 20 years
- No processing fees or hidden charges
- No penalty for early repayment
- Risk-sharing mechanism reduces pressure on banks, encouraging lending to low-income groups
For example, a PKR 2 million loan under Tier 1 can cost less than PKR 15,000 per month in installments, which is much more affordable compared to traditional bank loans.
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Housing Options Covered
This scheme covers different housing needs so applicants can choose the option that suits them best.
- Purchase of a new house or flat
- Construction of a house on owned land
- Purchase of a plot and construction on it
The property size is limited to a 5 Marla house or a 1360 sq. ft. flat, ensuring that the focus remains on affordable housing.
Required Documents
To apply for the Mera Ghar Mera Ashiana housing loan, applicants need to prepare the following documents:
- Valid CNIC copy
- Proof of income (salary slips or business income statement)
- Passport-size photographs
- Bank account details
- Property documents (if applicable)
- Completed application form from the participating bank
Submitting complete documents helps speed up the approval process.
Application Process Step by Step
The application process is simple and applicant-friendly. Follow these steps:
- Visit any approved participating bank or microfinance branch.
- Request the official Housing Finance Application Form.
- Attach the required documents and submit to the bank.
- Wait for the bank to verify eligibility and assess your credit profile.
- Upon approval, loan funds are released for purchase or construction.
Applicants are advised to ask for a repayment schedule in writing to clearly understand monthly obligations.
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Benefits of the Scheme
The Mera Ghar Mera Ashiana scheme offers numerous advantages, making it one of the most practical housing finance programs in Pakistan.
- Easy access to housing loans for first-time homeowners
- Up to 90% financing with low upfront cost
- Subsidized markup rates of 5% and 8%
- Repayment tenure of up to 20 years
- No hidden fees or penalties
- Special support for women, widows, and disabled persons
- Islamic banking options available
Expert Tips for Applicants
- Apply as early as possible because funds are limited and demand is high
- Ensure your documents are complete and accurate to avoid delays
- Decide between Tier 1 and Tier 2 based on your income and repayment ability
- Compare offers between banks before choosing
- Consider Islamic banks if you prefer Shariah-compliant financing
- Get property documents verified in advance
FAQs
Who can apply for this housing loan?
Any Pakistani citizen with a CNIC who does not own a home and is applying for the first time.
What is the maximum loan limit?
Up to PKR 3.5 million depending on tier selection.
Can I construct a home on my own land?
Yes, the loan can be used for construction, purchase of house/flat, or purchase of plot plus construction.
What is the markup rate?
5% for Tier 1 and 8% for Tier 2, both subsidized by the government.
Are there any processing fees?
No, there are no processing fees or prepayment penalties.
Which banks provide Islamic housing finance?
Meezan Bank, Dubai Islamic Bank, BankIslami, and MCB Islamic Bank.
Conclusion
The Mera Ghar Mera Ashiana Housing Scheme 2025 is one of the most impactful initiatives for low-income families in Pakistan. With approved banks across the country, fixed subsidized markup rates, and long repayment periods, the scheme makes home ownership achievable for thousands of homeless citizens.
If you meet the eligibility requirements, gather your documents and visit your nearest participating bank today. With this scheme, owning your first home is no longer just a dream—it can become your reality.