As of 2026, the Mera Ghar – Mera Ashiana (MGMA) scheme is Pakistan’s flagship government-backed initiative to promote affordable homeownership. Relaunched in late 2025 by the State Bank of Pakistan (SBP), it provides subsidized housing finance to first-time buyers for houses or flats.
Key Features of MGMA 2026
Subsidized Markup Rates:
Tier 1 (Up to PKR 2.0 Million): 5% fixed markup for the first 10 years
Tier 2 (PKR 2.0 to 3.5 Million): 8% fixed markup for the first 10 years
After 10 years, rates usually revert to a variable rate (e.g., 1-Year KIBOR + 3%)
Financing Limit: Maximum loan of PKR 3.5 million
Repayment Tenure: Up to 20 years
Down Payment: Minimum 10% (bank finances up to 90%)
Property Limits:
Houses: Up to 5 Marla (~125 sq. yards)
Flats/Apartments: Up to 1,360 sq. ft. covered area
Incentives: No processing fees and no prepayment penalties
Eligibility Criteria
Citizenship: Pakistani citizens with valid CNIC
First-Time Owner: Must not own any residential property
Income Requirement: Minimum monthly net income of PKR 35,000–40,000
Age: 21–60 years for salaried individuals (up to 65 for self-employed at loan maturity)
How to Apply
Applications can be submitted at participating commercial or Islamic banks, microfinance banks (MFB), or the House Building Finance Company (HBFC). Major participating banks include:
Allied Bank (ABL)
Meezan Bank (Islamic)
Bank Alfalah
MCB Bank
Note: Punjab residents may also explore the Apni Chhat Apna Ghar program, offering interest-free loans up to PKR 1.5 million for 7 years—managed provincially.
Conclusion
The Mera Ghar – Mera Ashiana 2026 scheme is a practical solution for first-time homeowners in Pakistan. With subsidized rates, long-term repayment, and low down payment, it makes property ownership accessible to a wider population.
