Mera Pakistan Mera Ghar Scheme- Easy Guide

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Owning your own house in Pakistan is perhaps every citizen’s dream. However, this is way harder and more complicated than it sounds. To make housing and construction easier for the people of Pakistan, the State Bank of Pakistan introduced the Mera Pakistan Mera Ghar scheme in 2020. Keep reading ahead as we tell you all about this scheme.

What is the “Mera Ghar Mera Pakistan” scheme?

This scheme allows people to get monthly installments for housing facilities. With this scheme, you can pay up to 1-2 million rupees in installments for 5 to 20 years. Customers are allowed to choose the time of the loan tenor. This scheme helps underprivileged people greatly. Not only this, but the project is entirely halal and has been made according to the sharia laws. The people of Pakistan can now own their property with this easy installment scheme. 

Who is eligible for the Mera Pakistan Mera Ghar scheme?

First and foremost, to avail of this scheme, you must be a Pakistani citizen with your CNIC and NICOP. Then, people who are first-time house owners can avail the scheme. Likewise, one individual can have subsided house loan facility under this scheme for once only. Moreover, Naya Pakistan Housing and Development authorizes to shortlist eligible candidates who can avail of this scheme and send the candidate’s profile to banks for financing. 

Furthermore, up to 2.7 million can be financed under this scheme. Financing is available for a house with a minimum of 125 square yards and a maximum covered area of 850 square feet. 

Which bank is the best for the Mera Pakistan Mera Ghar scheme?

Even though the majority of the banks in Pakistan offer this scheme, here are the top 5 banks that we think are best for this scheme:

  1. Al Baraka Bank

At the very top of our list is Al Baraka Bank Limited. This bank offers a home finance scheme for low-cost housing. People who want to avail of this scheme must be either salaried or self-employed. People can avail of this facility by visiting any of the bank’s branches. For more information, you can call their helpline at 021-111-113-442.

  • Meezan Bank

Meezan Bank is one of Pakistan’s biggest and most reputed Islamic banks. Hence, you don’t have to worry about the scheme’s safety or your money. Meezan Bank’s CEO and president, Mr. Irfan Siddiqui, recently discussed this scheme in a video. He says that Meezan Bank is committed to supporting this initiative and providing interest-free financing to the people of Pakistan. Mr. Siddiqui also told how Meezan Bank is one of the safest for financing your home and that people have already started availing of the scheme through them.

  • HBL 

HBL is also one of the leading banks in Pakistan. HBL President Muhammad Aurangzeb has talked about how HBL supports this initiative of the state bank of Pakistan to promote adorable housing in the country. HBL is leading from the front in this initiative and contributing fundamentally. The bank has taken concrete measures, such as making available their largest online network where people can fill out their applications. Furthermore, they have also introduced a swift complaint resolution for this scheme to timely address the complaints. 

  • Allied Bank Limited

Allied Bank is another of the safest and most trusted banks in Pakistan. They have also taken the step to support this initiative. Suppose you want to continue the Mera pakistan mera ghar scheme with Allied bank. In that case, you can visit any of their branches, meet a consultant, or visit their website for online applications. For more information, you can call their helpline at 033-77-786-786.

  • Bank Alfalah

Last but not least on our list is another well-known bank in Pakistan, Bank Alfalah. Bank Alfalah is another great bank that has distributed about PKF 3.3 billion under the Mera Pakistan Mera Ghar scheme. Despite the scheme being just two years old, Bank Alfalah has already started making a lot of progress. Their customers who have availed this facility are highly impressed and would advise everyone else to avail of it. 

Why should I consider the ” Mera Pakistan Mera Ghar” scheme?

One of the very obvious reasons why you should consider going for this scheme is it is less stress-free. You don’t have to worry about down payments and high-interest rates on installments. Not only is this, but the process itself is very smooth. You only need to complete a few necessary documents, such as your CNIC, six-month bank statement, and monthly income. People with incomes as low as 20 to 25 thousand PKR can also buy their own homes under this scheme. Lastly, the best part about the scheme is it is a low-profit and interest-free scheme.

Conclusion for “Mera Pakistan Mera Ghar ” scheme

A scheme like Mera Pakistan Mera Ghar has been launched for the first time in Pakistan. This scheme is not only changing lives but acting as a beacon of hope for the underprivileged who wish to have their own homes someday. 






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