How to Apply for Mera Pakistan Mera Ghar Housing Scheme!

Introduction

Are you tired of renting and dreaming of owning your own four walls? The Mera Pakistan Mera Ghar Housing Scheme was launched to make this dream a reality for low‑ and middle‑income Pakistanis. Whether you’re looking to purchase a ready‑built house, buy a plot and build from scratch, or simply expand your existing home, this subsidized financing program can help you get there.

In this step‑by‑step guide, you’ll learn how to navigate the application process, understand eligibility, gather required documents, and choose the right bank and installment plan to suit your budget.

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What Is the Mera Pakistan Mera Ghar Housing Scheme?

Originally introduced as the Government Markup Subsidy Scheme in October 2020 and later rebranded in March 2021, the Mera Pakistan Mera Ghar Housing Scheme provides highly affordable housing finance through a partnership between the Government of Pakistan, State Bank of Pakistan (SBP), and Naya Pakistan Housing & Development Authority (NAPHDA)

Objectives of Mera Pakistan Mera Ghar Housing Scheme

Enable first‑time homebuyers to purchase, construct, or expand housing units at significantly reduced mark‑up rates (as low as 2% p.a.)

Implementing Partners:

• State Bank of Pakistan (executing partner)
• Naya Pakistan Housing & Development Authority (project shortlist)
• Commercial banks and microfinance banks (financing disbursement)

Key Features

• Financing Options: Purchase of house/flat, purchase of plot + construction, extension of existing unit, construction on owned land.
• Financing Tenor: 5–20 years, adjustable per borrower’s needs.
• Loan Amount: Up to PKR 10 million (varies by tier and project type)

Markup Rates:

• Tier 1 (NAPHDA): 2% for first 5 years; up to KIBOR+2.5% thereafter
• Tier 2 & 3 (non‑NAPHDA): 5–9% p.a. depending on tenure

Tip: Before applying, calculate your monthly installment using an online Mera Pakistan Mera Ghar calculator to ensure affordability.

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Eligibility Criteria:

To qualify for the Mera Pakistan Mera Ghar Housing Scheme, you must meet all of the following:

• Citizenship: Pakistani nationals holding a valid CNIC or NICOP
• First‑Time Buyer: Never have owned a financed property; scheme limited to one subsidy per individual
• Age: Typically 25–60 years at loan maturity (varies slightly by bank)
• Project Type: For NAPHDA projects, candidates are shortlisted by NAPHDA and forwarded to banks
• Unit Value: For Tier 1 projects, the maximum market value of the unit must not exceed PKR 3.5 million

Step‑by‑Step Application Process

1. Research & Choose a Bank

Different banks offer varying markup rates, processing fees, and documentation support. Popular participating banks include:

• Askari Bank
• Standard Chartered
• United Bank Limited (UBL)
• Bank Alfalah
• National Bank of Pakistan (NBP)
• Meezan Bank

Example: If you prefer Islamic financing, Meezan Bank’s “Mera Pakistan Mera Ghar” non‑interest model might suit you better than conventional offerings.

2. Complete the Online Registration

• Visit the State Bank of Pakistan’s dedicated portal
• Fill in personal details (name, CNIC, contact information).
• Select your financing purpose (purchase, construction, extension).
• Choose your preferred bank and project/tier.
• Submit to receive an online acknowledgment and unique application ID.

Tip: Save screenshots of each step during online registration to resolve any IT‑portal glitches via SBP’s helpdesk.

3. Gather Required Documents

Prepare both original and attested copies of:

1. CNIC/NICOP
2. Salary slip or bank statement (last 2‑6 months)
3. Employment letter (for salaried) or business proof (for self‑employed)
4. Passport‑sized photographs
5. Title documents of property/plot
6. Filled bank application form (color‑coded per bank instructions)

Example: For a salaried applicant at Askari Bank: CNIC + two months’ salary slips + Askari’s green‑form salaried application.

4. Submit your application to the bank branch

• Visit the selected bank’s designated branch with your application ID and documents.
• Complete the bank’s formal application form.
• Pay the processing fee (discounted under the scheme: e.g., PKR 6,000 at Askari Bank)
• The Bank will issue a “Loan Offer Letter” subject to NAPHDA and SBP approval.

5. Track Your Application Status

• Use the SBP portal or your bank’s online tracking tool.
• Keep your application ID handy for inquiries.
• If you encounter delays, contact the SBP helpdesk at +92 337 7786786.

Tip: Follow up within 10 business days of submission; prolonged silence may require escalating via the SBP complaints portal.

6. Loan Disbursement & Signing

Once approved:

• sign the financing agreement at your bank.
• Provide post‑dated cheques or set up auto‑debit for installments.
• Bank disburses funds directly to the developer/seller or upon completion milestones.
• Begin installments as per your chosen Mera Pakistan Mera Ghar installment plan.

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Understanding Your Installment Plan

Below is a sample installment chart for a PKR 2 million loan over 20 years at 2% markup (first 5 years):

Financing Amount	Monthly Installment (first 5 years)	Monthly Installment (years 6–20)
PKR 2,000,000	PKR 13,199	PKR 16,500 (approx.)

Frequently Asked Questions (FAQs)

Conclusion

The Mera Pakistan Mera Ghar Housing Scheme is a once‑in‑a‑lifetime opportunity for first‑time homeowners to secure affordable financing with minimal bureaucracy. By carefully researching participating banks, preparing your documents in advance, and following this guide’s step‑by‑step process, you’ll be one step closer to turning your homeownership dream into reality.

Final Tip: Join Facebook groups or local community forums where applicants share real‑life experiences—learning from others can smooth out any unexpected hurdles!

Ready to start your application? Head to the SBP portal now and take the first step toward owning your dream home!

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