Mera Pakistan Mera Ghar: Government’s Markup Subsidy Program FAQs

The idea behind launching the ‘Mera Pakistan Mera Ghar’ scheme is to provide low-cost home financing options to the masses. The State Bank of Pakistan has signed agreements with nearly all of the country’s major commercial banks in order to broaden the reach of the government’s markup subsidy program across the country.

So, if you’d like to learn more about this subsidized home loan program before applying, you’ve come to the right place. We’ve compiled a list of all the frequently asked questions about the ‘Mera Pakistan Mera Ghar’ scheme.

Important FAQS about “Mera Pakistan Mera Gher Scheme”

Am I eligible to apply for Mera Pakistan Mera Ghar?

Yes, if you are a Pakistani citizen with a valid CNIC, you can apply for the scheme. You must be a first-time buyer. Furthermore, you can only apply for the subsidized home loan program once.

Can I purchase land/plot under this home loan facility?

Because the government’s markup subsidy program also benefits the construction industry, you can use the loan facility to buy a piece of land only if you intend to build a house on it rather than use it as an investment property.

How much loan amount can I borrow using the scheme?

According to recent State Bank of Pakistan amendments to the housing scheme, you can borrow up to 10 million using this home loan facility.

What are the credit tires for the Mera Pakistan Mera Ghar scheme?

The government of Pakistan has divided the markup subsidy program into four tiers to make the terms of the program more understandable to the general public. Tier 0 to Tier 3 are the levels of distribution.

It is important to note that Tier 1 of the scheme is reserved for low-cost housing projects approved by the Naya Pakistan Housing & Development Authority (NAPHDA).

What is the size of the property unit and the amount o loan designated for each tier?

This table going a clear picture of this question, have a look;

Credit TierHousing Unit Size LimitMaximum Loan Amount
Tier 0House up to 125 sq yd / Flat up to 1,250 sq ftUp to PKR 2 million
Tier 1 (for NAPHDA)House up to 125 sq yd / Flat up to 850 sq ftUp to PKR 2.7 million
Tier 2House up to 125 sq yd / Flat up to 1,250 sq ftUp to PKR 6 million
Tier 3House up to 250 sq yd / Flat up to 2,000 sq ftUp to PKR 10 million

What is the Percentage of Markup for Each Loan Tier?

Each tier have a different markup rate, look table below for the whole information;

Credit TierMarkup Percentage
Tier 05% 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 25% for the first 5 Years and 7% for the next 5 years
Tier 37% for the first 5 Years and 9% for the next 5 years

Are there any upper limits for the market value of properties bought using the government loan scheme?

The government has now removed the upper limits for the market value of financed housing units under the ‘Mera Pakistan Mera Ghar’ scheme, according to the most recent updates on the government’s markup subsidy program.

This means that there is no property value cap for loan applicants in credit tiers 0, 2, and 3. However, for the NAPHDA-approved project, credit tier 1 still has a maximum limit of PKR 3.5 million for the market price of the financed unit.

What is the minimum loan tenure allowed in the government’s markup subsidy scheme?

Due to recent SBP amendments, you can now obtain a loan under the ‘Mera Pakistan Mera Ghar’ scheme for a minimum of five years. Previously, the limit was set at ten years. Furthermore, depending on your needs, you can extend the loan terms up to 20 years.

What should I provide as security against the loan I am borrowing?

According to the SBP’s official circular, the financed housing unit will also be mortgaged in favor of the financial institution that is lending you the loan amount. It is a convenient way to meet the concerned bank’s loan security requirement.

Are there any specific banks from where I can apply for Mera Pakistan Mera Ghar?

As previously stated, the State Bank of Pakistan (SBP) has established relationships with all major commercial, Islamic, and microfinance banking institutions throughout the country to facilitate this government-run loan scheme. This means you can easily apply for ‘Mera Pakistan Mera Ghar,’ also known as ‘Apna Ghar Sasta Qarz,’ at your local bank branch.

How can I get assisted or register a complaint as a loan borrower of the government scheme?

Special Service Desks have been established in the relevant bank branches as well as on the SBP’s online portal. These service desks are intended to assist loan borrowers with their inquiries and complaints. 

Complete list of FAQS about Apna Ghar Sasta Qarz scheme by SBP

Here is a link to the complete list of FAQs about ‘Mera Pakistan Mera Ghar‘ for more information and details that you as an applicant should know about this government loan scheme.

This concludes our detailed post on all of the important FAQs about the government’s newly implemented subsidy markup program. Please contact us if you have any questions or comments about this blog.

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