Mera Ghar Mera Ashiana Installment Plan 2026 Explained

Mera Ghar Mera Ashiana is a government-backed affordable housing finance scheme introduced to help low- and middle-income Pakistanis own their first home. The scheme works through a markup subsidy and risk-sharing mechanism, making housing loans cheaper and more accessible through banks, Islamic banks, microfinance banks, and HBFCL.

Implemented with the support of the State Bank of Pakistan, this initiative allows eligible citizens to buy, build, or extend a housing unit with reduced monthly installments. The Mera Ghar Mera Ashiana installment plan 2026 focuses on long-term affordability, fixed subsidized rates for the initial years, and simplified loan conditions.

• Government-backed affordable housing finance scheme
• Designed for first-time homebuyers
• Available through conventional and Islamic financing

Also Read: Mera Ghar Mera Ashiana Scheme HBL – Apply Online for Fast Home Loan Approval 2026

SBP Home Financing Rules & Subsidized Markup Details

The State Bank of Pakistan acts as the executing partner of the scheme and has issued standardized rules to ensure smooth implementation. Financing is available for up to 20 years, with government-provided markup subsidy for the first 10 years, significantly lowering the early repayment burden.

Under the Mera Ghar Mera Ashiana plan, banks price loans at One Year KIBOR plus 3 percent, while customers pay a fixed subsidized rate depending on their tier. This structure protects borrowers from market volatility during the most critical repayment years.

• Financing available for 5 to 20 years
• Subsidized markup for first 10 years
• Fixed customer rates under Tier system

Also Read: Mera Ghar Mera Ashiana Scheme 2026 – Get Fast Home Loan Approval via HBL with Low Markup & Easy Terms

Monthly EMI Calculator: How Much Will You Pay?

Monthly installments under the Mera Ghar Mera Ashiana scheme depend on loan amount, tier category, and financing tenure. The government provides clear installment estimates for the first 10 years, while installments beyond that period are adjusted according to prevailing KIBOR.

Borrowers can also use the official installment calculator to estimate their monthly EMI based on project type, bank selection, unit size, and current KIBOR rate. These estimates help applicants plan their finances before applying.

• EMI varies by loan amount and tier
• First 10 years carry subsidized installments
• Calculator provides indicative monthly payments

Loan Amount	Years 1–5 EMI (Approx)	Years 6–10 EMI (Approx)
Rs. 1 Million	Rs. 6,600	Rs. 7,501
Rs. 2 Million	Rs. 13,199	Rs. 15,002
Rs. 2.7 Million	Rs. 14,974	Rs. 17,147

Loan Amount, Tenure Options & Repayment Structure

The scheme is divided into tiers based on loan size. Tier 1 allows financing up to Rs. 2 million, while Tier 2 covers loans above Rs. 2 million and up to Rs. 3.5 million. The maximum loan tenure is 20 years, giving borrowers repayment flexibility.

A high loan-to-value ratio of 90:10 allows applicants to contribute only 10 percent equity, while the bank finances the remaining amount. There are no processing charges or prepayment penalties, making the repayment structure borrower-friendly.

• Maximum loan up to Rs. 3.5 million
• Tenure flexibility from 5 to 20 years
• No processing fee or early payment penalty

Also Read: HBL Mera Ghar Mera Ashiana Scheme 2026 – Fastest Loan Approval, Interest Subsidy & Online Apply Guide

Who Can Apply? Eligibility Criteria & Income Slabs

The Mera Ghar Mera Ashiana scheme is strictly for first-time homeowners. Applicants must be Pakistani citizens holding a valid CNIC or NICOP and must not own any housing unit in their name anywhere in the country.

Both salaried and self-employed individuals can apply, including those with informal income sources. The State Bank allows banks to use income proxy models, making the scheme accessible to a wider population segment.

• First-time homeownership mandatory
• CNIC or NICOP required
• Available for salaried, business, and informal earners

Also Read: Mera Ghar Mera Ashiana Scheme 2026 – Apply Online via HBL Portal & Get Instant Loan Approval for Your Dream Home

Housing Unit Size & Allowed Property Types

The scheme supports small and affordable housing units to ensure broader access. Applicants can finance a house of up to 5 marla or a flat/apartment with a covered area of up to 1360 square feet, depending on project type.

Financing can be used for purchasing a completed house or flat, constructing a house on an owned plot, buying a plot with construction, or extending an existing housing unit.

• House financing up to 5 marla
• Flats up to 1360 square feet
• Purchase, construction, or extension allowed

Also Read: Mera Ghar Mera Ashiana Scheme 2026 – NBP Online Apply, Fast Approval Steps & Required Documents

Risk Sharing & Bank Participation Framework

To encourage banks to lend under this scheme, the government provides risk coverage of up to 10 percent of the outstanding loan portfolio on a first-loss basis. This reduces lenders’ exposure and promotes wider participation.

All commercial banks, Islamic banks, microfinance banks, and HBFCL are eligible to participate. Banks are also required to publicize the scheme through their branch networks to ensure maximum outreach.

• 10 percent first-loss risk coverage
• Participation of all major banking segments
• Strong government-backstopped structure

Also Read: Mera Ghar Mera Ashiana Scheme 2026 (HBL Apply) – Fastest Home Loan Approval, Eligibility & Online Form

Required Documents for Loan Application

Applicants are required to submit a standardized set of documents to simplify and speed up processing. The document list varies slightly for salaried, business, and informal income individuals but remains largely uniform nationwide.

Key documents include the loan application form, CNIC copies, income proof, property documents, and an undertaking confirming first-time homeownership.

• Standardized application and documents
• Income proof flexibility for informal earners
• Property ownership or allotment proof required

Also Read: NBP Mera Ghar Mera Ashiana Scheme 2026 – Easy Online Apply for Low-Cost Home Financing

SBP Initiatives Supporting Mera Ghar Mera Ashiana

The State Bank has introduced several regulatory relaxations to improve access to housing finance. These include relaxed debt burden ratios, acceptance of informal income models, and temporary third-party guarantees.

Advanced credit scorecards, digital data sourcing, and standardized banking processes further strengthen the approval and monitoring framework under the scheme.

• Relaxed DBR and income verification rules
• Standardized loan and property documents
• Advanced credit scoring and digital systems

Also Read: Mera Ghar Mera Ashiana Scheme 2026 – Online Apply & Fastest Loan Approval via NBP & HBL Without Delays

Complaint Resolution & Help Desk Support

To ensure transparency and accountability, SBP has launched an online complaint management system specifically for the markup subsidy scheme. Complaints are resolved within a maximum of eight working days.

Additionally, help desks have been established in 16 SBP offices across the country to assist applicants who face difficulties due to language or technology barriers.

• Online complaint registration portal
• Maximum 8 working days resolution time
• Physical help desks across Pakistan

Also Read: Mera Ghar Mera Ashiana Scheme Through Meezan Bank Shariah-Compliant Home Loan & Online Apply Guide

FAQs

What is Mera Ghar Mera Ashiana scheme?
It is a government-backed housing finance scheme offering subsidized markup and long-term loans for first-time homeowners.

Who is eligible for this housing loan?
Any Pakistani citizen with a valid CNIC or NICOP who does not own a house can apply.

What is the maximum loan amount under the scheme?
Applicants can borrow up to Rs. 3.5 million depending on the tier category.

How long is the markup subsidy available?
The government provides markup subsidy for the first 10 years of the loan.

Can informal income earners apply?
Yes, banks can use SBP-approved income proxy models for applicants with informal income.

Also Read:Mera Ghar Mera Ashiana Scheme via NBP – Online Application, Fast Approval & Eligibility Explained