The federal government has introduced a major housing finance initiative under the Apna Ghar Program, aimed at making homeownership more accessible for citizens across Pakistan, according to official documents released on Wednesday.
Under the scheme, eligible applicants will be able to secure housing financing of up to Rs10 million with a repayment tenure extending to 20 years.
The program offers multiple financing tiers, enabling borrowers to apply for loans of Rs2.5 million, Rs5 million, Rs7.5 million, or Rs10 million, depending on their income level and repayment capacity.
The financing model includes a fixed markup rate of 5 percent for the first 10 years, after which the remaining tenure will follow the prevailing market-based markup rates.
Estimated monthly installments under the scheme include:
- Rs16,499 for a Rs2.5 million loan
- Rs32,997 for a Rs5 million loan
- Rs49,497 for a Rs7.5 million loan
- Rs65,996 for a Rs10 million loan
Eligibility and Housing Options
The Apna Ghar Program is primarily designed for first-time homebuyers. Applicants must possess a valid Computerized National Identity Card (CNIC) and must not already own a residential property.
The financing facility covers a range of housing options. Beneficiaries may use the loan to purchase a 10-marla residential plot for construction, buy a ready-built house, or acquire an apartment of up to 1,500 square feet.
Under the scheme, the government-backed financing will cover up to 90 percent of the property value, while applicants will arrange the remaining 10 percent contribution.
Housing loans will be offered through Islamic banks, commercial banks, microfinance banks, as well as the House Building Finance Company.
Authorities have also clarified that applicants will not be required to pay any processing fees or advance payments prior to loan approval.
Applications must be submitted online through the official digital portal or via designated counters at participating bank branches nationwide. Once a complete application is filed, final approval is expected within one month.
The implementation and monitoring of the program will be jointly overseen by the State Bank of Pakistan and the Pakistan Housing Authority Foundation to ensure transparency and smooth execution of the initiative.
