PM House Loan Scheme 2026
Owning a home is a cornerstone of the Pakistani Dream, yet soaring property prices often put it out of reach. To help low- and middle-income families, the Government of Pakistan has relaunched the PM House Loan Scheme 2026 (Mera Ghar Mera Ashiana) in collaboration with the State Bank of Pakistan (SBP). This program offers subsidized financing, low-interest rates, and flexible repayment options, enabling citizens to buy, build, or complete their homes with financial ease.
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| Feature | Details |
| Scheme Name | PM House Loan Scheme 2026 (Mera Ghar Mera Ashiana) |
| Administered By | State Bank of Pakistan (SBP) |
| Target Group | Low- and Middle-Income Pakistani Citizens |
| Max Loan Tenure | Up to 20 Years |
| Subsidized Markup | 5% for first 10 years |
| Property Scope | New house, apartment, or plot construction |
| Minimum Equity | 10% of property value |
| Application Channels | Commercial Banks, Islamic Banks, HBFC |
What is the PM House Loan Scheme 2026?
The PM House Loan Scheme 2026 is a government-backed financing initiative designed to provide affordable housing solutions. With a focus on first-time homeowners, it reduces the financial burden by offering low fixed interest rates for the initial decade. Eligible citizens can access housing finance for buying, building, or completing homes, making it one of the most accessible schemes for low- and middle-income families.
- Long Tenor: Up to 20 years to repay your home loan comfortably.
- Low Markup: Only 5% interest for the first 10 years.
- Minimal Equity: Pay just 10% upfront and finance the rest.
- Broad Coverage: Use funds for purchase, construction, or apartment acquisition.
Eligibility Criteria for Applicants
Applicants must meet specific requirements to benefit from the SBP-subsidized scheme:
- Citizenship: Pakistani citizen with valid CNIC.
- First-Time Owner: Must not own a home in their name.
- Income Bracket: Monthly net income between Rs. 37,000 and Rs. 40,000 (depending on the bank).
- Age Limit: Salaried – 21 to 60 years; Self-employed – 21 to 65 years at maturity.
Financing Tiers and Markup Rates (2026 Update)
| Feature | Tier 1 (T1) | Tier 2 (T2) |
| Property Size | Up to 5 Marla / 1360 sq. ft | Up to 5 Marla / 1360 sq. ft |
| Max Loan Amount | Up to Rs. 2 Million | Rs. 2M – Rs. 3.5 Million |
| Markup First 10 Years | 5% Fixed | 8% Fixed |
| Markup After 10 Years | 1Y KIBOR + 3% | 1Y KIBOR + 3% |
| Max Property Value | No Cap | No Cap |
Short explanation like this but not same add 1. heading this only sample
- Tier 1: Best for small homes or plots.
- Tier 2: For mid-range properties requiring slightly higher funding.
- Both tiers enjoy subsidized interest for the first 10 years.
How to Apply: Step-by-Step Process
- Document Preparation
- Passport-sized photographs.
- CNIC copy (applicant and co-applicant).
- Salary slips or business proof and bank statements.
- Property title documents.
- Application Submission
- Visit a participating bank branch (NBP, ABL, Sindh Bank, MCB Islamic).
- Request the Mera Ghar Mera Ashiana application form.
- Verification & Approval
- Banks conduct a social appraisal and real estate survey.
- Credit checks ensure eligibility; approved applicants receive an offer letter.
- Disbursement
- After signing legal documentation and confirming 10% equity, the bank disburses funds directly to the seller or construction contractor.
- Funds are secured and released in stages for construction projects.
- Offers low-risk home financing through government-backed banks.
- Ensures transparency with detailed social and financial verification.
Key Benefits of the Program
- Affordable Housing: Enables first-time homeowners to purchase or build with minimal upfront costs.
- Flexible Tenure: Pay over 20 years with low interest.
- Subsidized Rates: Markup reduced to 5% for first decade, ensuring savings.
- Broad Access: Available through multiple commercial and Islamic banks.
Helpline & Contact Information
- SBP Customer Support: 021-111-727-111
- House Building Finance Company (HBFC): 042-111-111-222
- Participating Bank Branches: Check via SBP Official Website
Conclusion
The PM House Loan Scheme 2026 offers an unparalleled opportunity for first-time homeowners to access affordable housing finance in Pakistan. By leveraging low markup rates, flexible repayment periods, and wide coverage, citizens can achieve the dream of owning a home while minimizing financial strain. Ensuring all documents are ready and applying through authorized banks streamlines the approval and disbursement process.
FAQs
Is there a processing fee?
Most participating banks under this scheme offer zero processing charges and no prepayment penalties.
Can I buy a plot and build later?
Yes, the scheme allows a combined facility for purchasing a plot and constructing a home.
Can NRPs apply for this loan?
Non-resident Pakistanis can apply, though additional income verification is required by banks.
How long does approval take?
Typically, 4–6 weeks for verification, appraisal, and credit assessment.