The State Bank of Pakistan (SBP) in collaboration with the partnered commercial banks and the NAPHDA is organizing a Mera Pakistan Mera Ghar Mela on March 19 and 20, 2022. The venue of this two-day event will be Circle Club, Faisalabad. The Mera Pakistan Mera Ghar Mela will be opened to the general public between 11:00 am and 08:00 pm during the weekend. The representatives of all the associated commercial banks will be available at the venue to provide information on the SBP’s subsidised home financing facility. The builders, developers, real estate agents and other stakeholders will be attending the event to showcase their projects offering housing units and apartments for investment under the loan scheme. It is an excellent opportunity for anyone in Faisalabad who wants to buy, invest or construct their own house to inquire about the process and eligibility criteria for availing the subsidized housing finance as well as details about monthly installments that may depend on the amount of financing and monthly income of the applicant. If you are looking for more event details, head over to the official Facebook page of the State Bank of Pakistan! Update (Feb 17, 2022): The State Bank of Pakistan (SBP) has recently revised the markup rates downwards for Tier-1 of the Mera Pakistan Mera Ghar loan financing scheme. This tier of the markup subsidy programme is specifically used to finance the housing units that are available in the projects introduced under the Naya Pakistan Housing Programme.
Click here for the complete details of the markup percentage for each tier of the financing facility! Update (Feb. 14, 2022): The Faisalabad Women Chamber of Commerce and Industry (FWCCI) has joined hands with the State Bank of Pakistan to facilitate women entrepreneurs in the region. Both of these organisations have come together to help out business women applying for the different types of loan schemes, including Mera Pakistan Mera Ghar and Prime Minister’s Kamyab Jawan Programme. A special session guiding the audience regarding the documentation process of the government-backed financing schemes was jointly held by the SBP and FWCCI. The event was addressed by Mrs. Nighat Shahid who appreciated the cooperation of the State Bank. While speaking to the audience, she not only praised the huge potential of women entrepreneurs who are either doing business from home, in small and medium level enterprises but also recognized the significance of their role in the region’s commercial and industrial growth. The Senior Joint Director of SBP Banking Services in Faisalabad Muhammad Akbar said that a special help desk will also be established at the FWCCI to facilitate the female applicants regarding the process of documentation and securing loans under the different state-run financing schemes. More such educational sessions regarding the loan schemes are to be held at the FWCCI in the future. The government of Pakistan under the leadership of former Prime Minister Imran Khan launched the ‘Mera Pakistan Mera Ghar’ scheme in the latter half of 2020. It is a markup subsidy program run by the State Bank of Pakistan. The authorities have set aside a budget of PKR 36 billion to offer this home loan facility with subsidized markup rates. The concept behind introducing the ‘Mera Pakistan Mera Ghar’ scheme is to facilitate the masses with low-cost home financing solutions. The State Bank of Pakistan has taken onboard almost all major commercial banks in the country to expand the reach of the government’s markup subsidy program nationwide. So, if you want to learn more about this subsidized home loan program before applying for it, then you have made it to the right post. Here we have put together a list of all the important FAQs about the ‘Mera Pakistan Mera Ghar’ scheme. Now, without further delay, let’s get the ball rolling!
The FAQs we are going to list here are based on the information released in the form of an official circular by the State Bank of Pakistan on March 25, 2021.
Yes, if you are a citizen of Pakistan with a valid CNIC, then you are eligible to apply for the scheme. You should be a first-time homebuyer. Also, you can apply for the subsidized home loan program only once.
Since the government’s markup subsidy program also aims to benefit the construction industry, you can avail of the loan facility to purchase a piece of land only if you have plans to construct a house on it instead of using it as an investment property.
According to the recent amendments made by the State Bank of Pakistan in the terms of the housing scheme, you can borrow up to 10 million using this home loan facility.
To make the terms of the program easily comprehensible for the general public, the government of Pakistan has divided the markup subsidy program into four tiers. The distribution starts from Tier 0 to Tier 3. It is important to mention here that Tier 1 of the scheme has been designated for the low-cost housing projects approved by the Naya Pakistan Housing & Development Authority (NAPHDA).
| Credit Tier | Housing Unit Size Limit | Maximum Loan Amount |
| Tier 0 | House up to 125 sq yd / Flat up to 1,250 sq ft | Up to PKR 2 million |
| Tier 1 (for NAPHDA) | House up to 125 sq yd / Flat up to 850 sq ft | Up to PKR 2.7 million |
| Tier 2 | House up to 125 sq yd / Flat up to 1,250 sq ft | Up to PKR 6 million |
| Tier 3 | House up to 250 sq yd / Flat up to 2,000 sq ft | Up to PKR 10 million |
The percentage of markup for this loan facility varies from tier to tier. Have a look at the table below for more information.
| Credit Tier | Markup Percentage |
| Tier 0 | 5% for the first 5 Years and 7% for the next 5 years |
| Tier 1 (for NAPHDA) | 2% for the first 5 Years and 4% for the next 5 years |
| Tier 2 | 5% for the first 5 Years and 7% for the next 5 years |
| Tier 3 | 7% for the first 5 Years and 9% for the next 5 years |
As per the latest updates on the government’s markup subsidy program, the government has now removed the upper limits for the market value of financed housing units under the ‘Mera Pakistan Mera Ghar’ scheme. This means there is no cap in terms of property value for loan applicants of credit tiers 0, 2, and 3. However, credit tier 1, which is for the NAPHDA-approved project, still has a maximum limit of PKR 3.5 million for the market price of the financed unit.
In the light of the recent amendments made by SBP, you can avail of the loan facility under the ‘Mera Pakistan Mera Ghar’ scheme for a minimum of five years. Previously, the limit was only set to 10 years. Plus, you can even extend the loan terms to 20 years, depending on your requirement.
As per the official circular of SBP, the same housing unit that has been financed will also be mortgaged in favour of the financial institution, which is lending you the loan amount. It is a convenient solution to fulfil the loan security requirement of the concerned bank.
As discussed, the State Bank of Pakistan (SBP) has networked with all major commercial, Islamic, and microfinance banking institutions across the country for this government-run loan scheme. This means you can easily visit your nearest bank branch if you want to apply for ‘Mera Pakistan Mera Ghar’, also known as ‘Apna Ghar Sasta Qarz’.
Special Service Desks have been set up physically in the concerned bank branches as well as on the online portal of SBP. These service desks have been designed to help loan borrowers out with their queries and complaints. If you want to sign up for the SBP’s online service desk for the loan markup scheme, read this blog for the complete procedure
For more information and details that you as an applicant should know about this government loan scheme, here is a link to the complete list of FAQs about ‘Mera Pakistan Mera Ghar’. This brings us to the end of our detailed post on all the important FAQs about the government’s newly-introduced subsidy markup program. If you have any questions or feedback related to this blog, feel free to reach out to us at blog@zameen.com. On a side note, you may also like reading about all the latest updates on the Naya Pakistan Housing Program (NPHP), phase-1 of which has already been launched. Over 1500 housing units have been handed over to the individuals belonging to the labour class who have applied for the scheme. For more informative pieces related to infrastructure and property developments happening all over the country, keep reading Zameen Blog—your source for the best real estate blogs in Pakistan. Stay updated with all our latest blog posts by subscribing to our email newsletter.
