Mera Ghar Mera Ashiana Scheme 2025 – Complete Procedure for Applying
Mera Ghar Mera Ashiana
The Government of Pakistan has recently introduced a new housing finance scheme named “Mera Ghar Mera Ashiana”. The aim of this scheme is to facilitate people who want to buy a house for the first time in their life. If you also dream of building your own house, then this opportunity is now within your reach through Meezan Bank.
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This article will provide you with comprehensive information about the complete details of this scheme, eligibility criteria, financing conditions and how to apply.
What is Mera Ghar Mera Ashiana Scheme?
“Mera Ghar Mera Ashiana” is a housing finance scheme by the Government of Pakistan through which citizens can buy their first house or flat in easy installments. The aim of this scheme is to provide financial assistance to low and middle income earners so that they can own their own home.
Product Types
The following purposes can be applied for in this scheme through Meezan Bank:
- Buying a new house or flat
- Buying your own plot and building a house on it
- Building a house on an existing plot
Size Of The Residential Unit
The following limits are set for the residential unit under this scheme:
- House up to a maximum of five marla
- Flat or apartment up to a maximum of 1360 sq ft
These limits ensure that this scheme remains particularly suitable for the middle class.
Financing Tenure and Property Price
- The maximum financing tenure is set at 20 years.
- There is no limit set for the price of the property unit, which allows the applicant to choose a house according to his needs.
Eligibility Criteria
The following conditions must be fulfilled to benefit from this scheme:
- The applicant is becoming a homeowner for the first time.
- Minimum age is 20 years and maximum age is 60 years (at the end of the repayment period).
- Applicant must have a valid National Identity Card (CNIC).
- Applicant must not have a house already registered in his/her name.
- Applicant or all members of the household must have a minimum gross monthly income of Rs. 40,000.
Financing Tiers and Interest Rates
Tier 1
- Financing Amount: Up to Rs. 2 million
- Interest Rate:
- 5% for the first 10 years
- One-year KIBOR + 3% after 10 years
Tier 2
- Financing Amount: Rs. 2 million to Rs. 3.3 million
- Interest Rate:
- 8% for the first 10 years
- One-year KIBOR + 3% after 10 years
Estimated Monthly Payments
The following table helps you easily estimate the approximate monthly installment based on different financing amounts:
| Financing Amount | Monthly Payment |
|---|---|
| 1 million | PKR 6,600 |
| 1.5 million | PKR 9,899 |
| 2 million | PKR 13,199 |
| 2.5 million | PKR 20,911 |
| 3 million | PKR 25,093 |
| 3.3 million | PKR 29,275 |
Note: These payments are calculated based on a 20-year financing period and the profit rate applicable for the first 10 years. The actual amount may vary slightly.
Faster Implementation through Meezan Easy Home
Meezan Bank has started fast processing of applications for this scheme under “Meezan Easy Home”. This has ensured that the applicant gets financing approval and assistance in purchasing a house in less time.
How to Apply
If you meet the above eligibility criteria, you can join the scheme in the following way:
- Visit the nearest Meezan Bank branch.
- Submit your application form and required documents.
- The bank approves the financing after verifying your income, eligibility and property.
- After approval, the process of purchasing a house or flat is initiated.
This scheme is available for both men and women.
Frequently Asked Questions (FAQs)
What is Mera Ghar Mera Eshayana Scheme?
This is a housing finance program of the Government of Pakistan under which citizens can buy their first house or flat in easy installments.
How can one apply for the scheme through Meezan Bank?
The applicant can visit the nearest Meezan Bank branch and submit their application and required documents. The bank approves the financing after verification.
What is the eligibility criteria for this scheme?
The applicant should be between 20 and 60 years of age, have a valid CNIC, not have any previous house in his name and have a total income of at least Rs 40,000 per month.
How much maximum financing can be obtained?
Financing is provided up to Rs 2 million for Tier 1 while up to Rs 3.3 million for Tier 2.
What is the tenure of the installments?
The maximum tenure of installments has been kept at 20 years to make repayments easy.
Can women also benefit from this scheme?
Yes, this scheme is available equally to both men and women.
Conclusion
“Mera Ghar Mera Ashiana Scheme 2025” is a golden opportunity for those Pakistanis who want to own their own home despite their limited income. In partnership with the government and Meezan Bank, this scheme is providing affordable and easy financial solutions to the public. If you also want to make your dream of a home a reality, then contact your nearest Meezan Bank branch today.
