The current Shehbaz Government has declared a Scheme regarding Mera Pakistan Mera Ghar Housing Scheme. Recently, Miftah Ismail has announced a program in which needy people will allow to get Loans for PM Housing Scheme. To make things easier about this program, we’ve shared here complete details. You can check here Bank List, Markup Rate, Application Form, and other details. To clarify, PM Housing Loan Scheme Pakistan has been started now. To apply for a loan scheme and check the requirements, let’s read out the complete details.
Mera Pakistan Mera Ghar Housing Loan Scheme 2024 Application Form
The Pakistan Federal Government is interested to increase the number of Housing Units in the future. With the aim of providing Loans for homeless People for a better future, the current Govt. has started the registration for Prime Minister Loan Scheme. Through Mera Housing Scheme, Pakistani citizens can get loans on a very low markup subsidy plan. State Bank and Other Pakistani Banks is the executing partner with Govt. of Pakistan. Both conventional and Islamic modes are available for this scheme. Let’s learn further about PM Housing Loan Scheme.
PM Housing Loan Program Online Apply 2024
A Person who gets Loan through Mera Pakistan Mera Ghar Housing Scheme can use it for the following financing types. An Applicant can use it for funding it as Buy a House, Flat, or Apartment. He will be able to purchase a Plot and construction thereupon. In addition, he will be able;
- Extension in the pre-owned housing unit
- Construction on an already owned plot
To check the eligibility criteria for PM’s Housing Loan Program, you’ll scroll down the page.
Eligibility Criteria for PM Housing loan Scheme Pakistan 2024
Interested to apply for PM Housing Scheme named Mera Pakistan Mera Ghar (MPMG), then read the eligibility criteria below. All Pakistanis with Valid CNIC & NICOP holders are able to apply for Loan Programs. First-time house owners are only able to submit application forms for MPMG Program. Only one person can apply for Loan Scheme from a family. After submitting a name, Pak Govt. will shortlist the eligible candidates.
- Selected Candidates or Persons can choose the financing tenor from 5 to 20 years.
State Bank of Pakistan Loan Scheme 2024
There are types of Tires available in the PM Housing loan Scheme Pakistan. Here the details like Rupees and Markup details are given;
Tier 1: Rs 3.5 million/ Customer estimating 5% Next 5 Years and then 7%! Bank Pricing KIBOR+250 BPS!
Tier 2: Rs 3.5 million / Customer pricing 5% Next 5 Years and then 7%! Bank Pricing KIBOR+400 BPS
Tier 3: Rs. 6.0 million/ Customer pricing 5% Next 5 Year and then 7%! Bank Pricing KIBOR+400 BPS
How You Can Apply for Mera Pakistan Mera Ghar?
Get the Application Form from Meezan Bank, NBP, UBL, Alfalah Bank, ABL, HBL, Askari Bank, BAHL, Zarai Taraqiati Bank, and other all banks. Properly fill out the mandatory details. Required following documents (Income Salary Slips, Employee Certificate, CNIC, Reference, Processing Challan Fee Rs 4500). Submit the application form.
Mera Pakistan Mera Ghar Housing Loan 2024
Keeping in view the need to improve the availability of adequate housing in the country and the important role of the construction sector in boosting economic activities in other countries, the Government of Pakistan envisions increasing the number of housing units manifold in coming years and has taken several measures in this regard.
Prime Minister House Loan Scheme Pakistan 2024
To support this vision of the Government of Pakistan, the State Bank of Pakistan has taken several measures since July 2020 to support the provision of financing for the housing and construction sector. In October 2020, the Government of Pakistan augmented these efforts by introducing the Government Markup Subsidy Scheme, now commonly known as Mera Pakistan Mera Ghar (MPMG) markup subsidy Scheme.
SR | Title | Action |
1. | National Bank of Pakistan NBP | Apply Online |
2. | Meezan Bank | Apply Online |
3. | Habib Bank Limited HBL | Apply Online |
4. | Allied Bank Limited ABL | Apply Online |
5. | Bank of Punjab | Apply Online |
6. | Soneri Bank | Apply Online |
7. | JSBL Bank | Apply Online |
8. | Habibmetro Bank | Apply Online |
9. | Bank Al Falah | Apply Online |
10. | HBFC Bank | Apply Online |
11. | Muslim Commercial Bank MCB | Apply Online |
12. | Bank Al Habib | Apply Online |
13. | Standard Chartered bank of Pakistan | Apply Online |
14. | United Bank Limited UBL | Apply Online |
15. | Askari Bank Limited | Apply Online |
16. | Al Baraka Bank | Apply Online |
17. | Samba Bank of Pakistan | Apply Online |
18. | DIB Pakistan Bank | Apply Online |
19. | Bank Islami | Apply Online |
20. | Mobilink Bank | Apply Online |
21. | Bank of Khyber | Apply Online |
22. | Sindh Bank | Apply Online |
House Loan Scheme 2024 Pakistan Government
The government liberalized features of the MPMG scheme in light of feedback from stakeholders to benefit the larger strata in March 2021. Available in both conventional and Islamic modes, this scheme enables banks to provide financing for the construction and purchase of houses at very low financing rates for low to middle-income segments of the population.
Mera Pakistan Mera Ghar Loan Scheme Pakistan Apply Online
State Bank of Pakistan is the executing partner with the Government of Pakistan and Naya Pakistan Housing and Development Authority (NAPHDA). Installments calculated through the installment calculator are estimates and for indication only. Actual installments calculated for the year exceeding 10 years by banks/DFIs/Microfinance banks may vary depending upon the prevailing KIBOR at that time as per the conditions of the scheme.
Check Also: Akhuwat Loan Scheme 2024
Naya Pakistan Housing scheme loan Calculator
In order to address complaints, State Bank has established a comprehensive complaint resolution mechanism that comprises an internet portal supported by a network of State Bank and commercial bank staff. The IT portal is live for the registration of complaints by applicants who face any difficulty in obtaining loans.
State Bank of Pakistan Loan Scheme 2024
State Bank has also established help desks in its 16 offices across the country to facilitate applicants in the registration of their complaints through the IT portal. These help desks address access challenges of applicants arising out of potential language and technology barriers.