PM Housing Loan Scheme 2026 via HBL: Updated Application Guid
PM Housing Loan Scheme 2026 via HBL
Pakistan’s federal housing finance programme is now operating under the official name Wazir-e-Azam Apna Ghar Program – Ghar Ho Tu Apna. It was previously called Mera Ghar Mera Ashiana, which is why both names may still appear on bank websites, old advertisements and search results.
The programme helps first-time homeowners obtain financing through participating banks, Islamic banks, microfinance banks and the House Building Finance Company. HBL Islamic is among the banking channels offering financing under the programme.
The latest rules allow eligible applicants to obtain financing of up to Rs.10 million at a fixed customer rate of 5% during the government-supported period. However, applicants must still pass the bank’s income, credit and property checks.
July 2026 Programme Details
The State Bank of Pakistan revised the scheme in March 2026. It increased the maximum loan from the earlier tier-based limits to Rs.10 million and introduced a uniform 5% customer rate. The programme was then renamed in April.
| Feature | Updated information |
|---|---|
| Official name | Wazir-e-Azam Apna Ghar Program – Ghar Ho Tu Apna |
| Previous name | Mera Ghar Mera Ashiana |
| Maximum financing | Rs.10 million |
| Customer rate | 5% during the subsidised period |
| Maximum repayment period | Up to 20 years |
| Subsidy period | Up to 10 years |
| Customer contribution | At least 10% |
| House limit | Up to 10 marla or 2,720 sq. ft. |
| Flat limit | Up to 1,500 sq. ft. |
| Processing fee | No processing cost under scheme rules |
| Early repayment | No prepayment penalty |
These conditions come from the State Bank’s revised housing-finance instructions. Applicants should still request a complete payment schedule from HBL before signing an agreement.
A July 22 report quoted Adviser to the Finance Minister Adnan Pasha as saying that commercial banks had approved housing loans worth Rs.160 billion under the programme and that disbursements were underway. This is the latest reported rollout position, but approval and payment times can differ between applicants.
Also Read: MCB Mera Ghar Housing Scheme 2026: How to Apply, Eligibility & Fast Approval Tips
Who Can Apply Through HBL?
The basic scheme is for Pakistani citizens purchasing or building their first home. The applicant must hold a valid CNIC and must not already own a housing unit in their name.
In June 2026, the government expanded access to overseas Pakistanis and non-resident Pakistanis holding a valid NICOP or Pakistan Origin Card. Banks were also allowed to process applications for government employees in groups through their departments and finance homes in approved private developer-led projects. These additions are confirmed in the SBP multi-channel implementation instructions.
Meeting the basic government conditions does not guarantee approval. HBL will assess whether the applicant can repay the financing. This assessment may cover employment, monthly income, existing debts, credit history and the legal status of the selected property.
The original article’s fixed income levels of Rs.40,000 for salaried people and Rs.50,000 for business owners should not be presented as official national requirements. The bank determines the required income according to the requested amount, monthly payment and household financial position.
What Can the Financing Be Used For?
Applicants can use the programme to purchase a completed house or flat, construct a house on a plot they already own, or purchase a plot and build a house on it.
Financing cannot normally be used only to buy an empty plot without construction. The property must also remain within the permitted size limits.
The bank will examine the title documents and arrange a property valuation. A seller’s asking price does not determine how much financing HBL will approve. The bank relies on its assessed market value and the applicant’s repayment capacity.
Understanding the 10% Contribution
The loan-to-value ratio is 90:10. This means the bank may provide up to 90% of the accepted property value, while the customer contributes at least 10%.
For example, if an eligible property is valued at Rs.10 million, the bank may finance up to Rs.9 million and the buyer may need to provide at least Rs.1 million. The actual contribution can be higher if HBL values the property below its sale price or approves a smaller amount based on income.
Applicants should also keep money available for property transfer, legal documents, valuation, mortgage registration and other applicable charges. The scheme removes the bank’s processing cost, but it does not necessarily remove every property-related expense.
HBL Islamic Financing Method
HBL offers the programme through its Islamic home-finance service. Islamic home financing commonly uses Diminishing Musharakah. Under this arrangement, the customer and bank jointly own the property. The customer gradually purchases the bank’s share while paying rent on the portion owned by the bank.
This should be described as Shariah-compliant financing, not a completely free loan. Applicants pay a 5% customer rate during the subsidised period. Because the total tenure may reach 20 years but the subsidy lasts for up to 10 years, customers should ask HBL what rate or rental calculation will apply after the subsidy ends.
HBL’s current programme page is available under Ghar Ho Tu Apna Islamic financing.
Documents HBL May Request
The exact list can vary, but applicants should normally prepare:
- Valid CNIC or NICOP
- Recent passport-size photographs
- Salary slips or an employment certificate
- Bank statements
- Business or self-employment evidence
- Tax or income documents, where applicable
- Plot, house or flat ownership papers
- Sale agreement or construction estimate
- Co-applicant documents, if required
People earning through informal work should not assume that they are automatically ineligible. In June 2026, SBP instructed banks to use approved income-estimation models for applicants with informal income. HBL may examine cash flow, household expenses, bank transactions or business activity to estimate repayment capacity.
Also Read: Ehsaas Apna Ghar Scheme 2026: KP’s Interest-Free Housing Loan Explained
How to Apply Through HBL
Start by opening HBL’s official Ghar Ho Tu Apna page or visiting an HBL Islamic branch. Do not submit CNIC details on websites that only use the scheme’s name but have no official bank or government connection.
Request an initial assessment and explain whether you want to buy a home, construct on your plot, or buy a plot with construction. HBL will review your income and credit position before examining the property.
After preliminary assessment, submit the required income and property documents. The bank may then conduct credit checks, legal verification and valuation. If approved, carefully review the financing amount, monthly payment, repayment period, Takaful arrangements and post-subsidy rate before signing.
Also Read: FGEHA Housing Schemes 2026: A Complete Guide for Federal Government Employees
Frequently Asked Questions
What is the new name of Mera Ghar Mera Ashiana?
Its official name is now Wazir-e-Azam Apna Ghar Program – Ghar Ho Tu Apna.
How much financing can I receive through HBL?
The scheme allows financing of up to Rs.10 million, but HBL may approve a lower amount based on your income and property value.
Is the HBL housing loan interest-free?
HBL Islamic offers Shariah-compliant financing. It is not cost-free; the customer pays the applicable rental or profit rate.
Can overseas Pakistanis apply?
Yes. NRPs holding a valid NICOP or POC were included in June 2026.
Is online submission enough for approval?
No. The bank must verify your income, credit record and property documents before approving and disbursing financing.
Also Read: Year of Youth 2026: Which Housing Schemes Can Young Pakistanis Actually Use?
Conclusion
Ghar Ho Tu Apna offers first-time homeowners financing of up to Rs.10 million with a subsidised 5% customer rate. Before applying through HBL, calculate your contribution, arrange complete income and property documents, and ask for a written payment schedule covering both the subsidised and post-subsidy periods.
Also Read: Affordable Housing Finance Scheme 2026 – 5% Markup, Rs. 10 Million Loan Guide
