Mera Pakistan Mera Ghar Scheme
The APNA Ghar scheme, also known as “Mera Pakistan Mera Ghar [MPMG] is a government initiative in Pakistan aimed at improving the availability of housing for the low to middle-income segments of the population. The State Bank of Pakistan in partnership with the Government of Pakistan and Naya Pakistan Housing and Development Authority [NAPHDA] has taken measures to provide financing for housing and construction at very low rates
Here are some key points about the scheme
- Eligibility: All Pakistanis with valid CNIC and NICOP first-time house owners and one individual can have subsidized house loan facility under this scheme only once
- Loan Tenor: Customers can choose a financing tenor from 5 to 20 years
- Financing Types: The financing can be used for purchasing a house/flat/apartment, purchasing a plot and construction thereupon, extension in pre-owned housing unit or construction on an already owned plot
- Financing Rate: For NAPHDA projects, the borrower will be charged a financing rate of 3% for the first five years and 5% for the next five years. For non-NAPHDA projects the rates are slightly higher
For more detailed information, you can visit the official State Bank of Pakistan’s MPMG page or the Standard Chartered Pakistan’s page on the scheme If you’re interested in applying or need further assistance. these resources will provide comprehensive guidance on the application process and eligibility criteria.
To apply for the Mera Pakistan Mera Ghar scheme you can follow these steps
- Eligibility Check: Ensure you meet the eligibility criteria which includes being a Pakistani citizen with a valid CNIC or NICOP a first-time house owner, and that you haven’t availed a subsidized house loan under this scheme before
- Choose Loan Type: Decide whether you need financing for a NAPHDA project or a non-NAPHDA project as the terms and conditions including the financing rates may vary
- Documentation: Prepare the necessary documents which may include your CNIC proof of income employment status land any other required paperwork as specified by the bank or financial institution.
- Bank Visit: Visit a participating bank or financial institution with your documents. You can find a list of designated branches on the official websites of the banks offering the scheme
- Application Form: Fill out the application form which can be obtained from the bank or downloaded from the official website of the State Bank of Pakistan or the participating bank’s website
- Submission: Submit the completed application form along with the required documents to the bank.
- Follow-up: After submission keep in touch with the bank for any updates or additional information they might need to process your application.
For more detailed guidance, you can visit the official State Bank of Pakistan’s MPMG page or contact the help desks established by the SBP in its offices across the country. Additionally you can call the Pakistan Banks Association’s Joint Call Centre for assistance
Mera Pakistan Mera Ghar
You can apply for the APNA Ghar scheme online
- Official Website: Visit the official website of the bank offering the APNA Ghar scheme.
- Online Form: Navigate to the housing scheme section and access the online application form.
- Fill Details: Enter all the required details in the application form accurately.
- Upload Documents: Upload the necessary supporting documents such as proof of income CNIC. and any other required paperwork.
- Submit Application: Review your application for accuracy and submit it online
After submitting your application you should receive a confirmation and further instructions on the next steps from the bank. If you encounter any issues during the online application process you can reach out to the bank’s customer service for assistance
However if you prefer or if it’s required by the bank, you can also visit a bank branch to apply in person. It’s always a good idea to check with the specific bank for their preferred application method and any additional requirements they may have.
Is there any age limit to qualify for Mera Pakistan Mera Ghar
there is an age limit for individuals applying for the APNA Ghar scheme. The eligibility criteria regarding age are as follows:
- Salaried Individuals (SI): Age between 21 – 60 years at the time of application, with the age limit being 60 years at the maturity of the facilitySelf Employed Professionals (SEP) and
- Businessmen (SEB): Age between 25 – 65 years at the time of application, with the age limit being 65 years at the maturity of the facility
- Non-Resident Pakistanis (NRPs): Age between 25 – 65 years at the time of application with the age limit being 65 years at the maturity of the facility.
These criteria ensure that applicants are of a working age and likely to be able to repay the loan over its term. For more detailed information you can refer to the official documents or contact the bank directly.
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Conclusion
the APNA Ghar scheme also known as “Mera Pakistan Mera Ghar” is a significant initiative by the Government of Pakistan to address the housing shortage and provide affordable housing solutions to the low and middle-income population. With its favorable terms and conditions such as low financing rates and extended loan tenors the scheme opens up opportunities for many Pakistanis to own a home for the first time.
The scheme’s success hinges on its accessibility and the ease with which applicants can apply either online or through bank branches. By setting an age limit for applicants the program ensures that loans are granted to individuals who are most likely to benefit from them over the long term.
Overall the APNA Ghar scheme represents a hopeful step towards a more secure and prosperous future for many families contributing to the nation’s socio-economic development. It embodies the government’s commitment to improving the lives of its citizens and fostering a sense of ownership and stability through the dream of homeownership
Mera Pakistan Mera Ghar
