Mera Ghar Mera Ashiana Loan Calculator

Mera Ghar Mera Ashiana Loan Calculator: Complete Guide 2025

میرا گھر میرا آشیانہ قرضہ کیلکولیٹر: مکمل گائیڈ 2025

میرا گھر میرا آشیانہ

Complete guide to Pakistan's premier housing scheme. Learn about eligibility, interest rates, and program details to plan your dream home.

Mera Ghar Mera Ashiana Program: Complete Guide 2025

What is Mera Ghar Mera Ashiana?

Mera Ghar Mera Ashiana is a flagship housing initiative launched by the Government of Pakistan to provide affordable housing solutions to low and middle-income families. This program aims to fulfill the dream of homeownership for millions of Pakistanis who struggle to afford housing in the current economic climate.

Key Point:

Understanding the Mera Ghar Mera Ashiana program helps you determine your eligibility and financial commitments before applying for a housing loan.

Key Features of Mera Ghar Mera Ashiana Program

The Mera Ghar Mera Ashiana program offers several attractive features designed to make homeownership accessible to more Pakistanis:

Feature	Details
Purpose	Purchase of house/apartment Construction of house on already owned plot Purchase of plot and construction of house
Income Criteria	Verifiable net disposable monthly income
Financing Amount	Tier 1: Up to PKR 2 Million Tier 2: Above PKR 2 Million and up to PKR 3.5 Million
Financing Tenor	3 – 20 years (Subsidy for 10 years)
Markup Rate	Tier 1: 5% Tier 2: 8%
Loan To Value (LTV) Ratio	Up to 90%

Understanding the Two-Tier Financing Structure

The Mera Ghar Mera Ashiana program uses a two-tier financing structure to cater to different income groups:

Tier 1 Financing (Up to PKR 2 Million)

This tier is designed for lower-income applicants who need smaller loan amounts. With a subsidized interest rate of just 5% per annum, this tier makes homeownership more accessible for those with limited financial resources. The lower interest rate significantly reduces the monthly installment amount, making it easier to manage within a tight budget.

Tier 2 Financing (Above PKR 2 Million to PKR 3.5 Million)

This tier caters to middle-income applicants who require larger financing amounts. While the interest rate is slightly higher at 8% per annum, it's still substantially lower than conventional housing loans in Pakistan, which typically range from 12-16%. This tier allows families to purchase larger homes or properties in better locations while still benefiting from the government subsidy.

Important:

The subsidy on interest rates applies for the first 10 years of the loan. After this period, the interest rate will be adjusted based on market conditions, typically linked to KIBOR + 3%.

Benefits of the Mera Ghar Mera Ashiana Program

The Mera Ghar Mera Ashiana program offers numerous advantages over conventional housing loans:

Subsidized Interest Rates: With rates as low as 5%, you'll save significantly on interest payments compared to market rates
Higher Loan-to-Value Ratio: Up to 90% financing means you need a smaller down payment
Extended Repayment Period: With tenures up to 20 years, monthly installments are more manageable
Flexible Purpose: Use the loan for purchasing a house, apartment, plot, or construction on an existing plot
Inclusive Eligibility: Both resident and non-resident Pakistanis can apply
Government Backing: As a government initiative, the program offers more security and transparency

Conclusion

The Mera Ghar Mera Ashiana program represents a significant step toward making homeownership accessible to all Pakistanis. This guide provides comprehensive information to help you navigate this opportunity with confidence and clarity.

By understanding the program details, you can make informed decisions about your housing loan, plan your finances effectively, and take the first step toward owning your dream home. Remember that while this guide provides valuable information, it's important to consult with financial advisors and lending institutions for personalized advice based on your specific circumstances.

Whether you're a first-time homebuyer or looking to upgrade to a better home, the Mera Ghar Mera Ashiana program can help turn your homeownership dreams into reality.

Frequently Asked Questions

What is Mera Ghar Mera Ashiana?

Who is eligible for the Mera Ghar Mera Ashiana program?

To qualify for the Mera Ghar Mera Ashiana program, applicants must be Pakistani citizens (resident or non-resident) between 21-60 years for salaried individuals or 25-70 years for self-employed businesspersons/professionals. They must have a stable employment history of at least 1-3 years depending on their employment type.

What are the interest rates under the Mera Ghar Mera Ashiana program?

The program offers subsidized interest rates: 5% per annum for loans up to PKR 2 million (Tier 1) and 8% per annum for loans above PKR 2 million up to PKR 3.5 million (Tier 2). These subsidized rates apply for the first 10 years of the loan, after which the rate adjusts to KIBOR + 3%.

What is the maximum loan amount and tenure under this program?

The maximum loan amount is PKR 3.5 million, with a financing tenor of 3-20 years. The government subsidy on interest rates applies for the first 10 years of the loan term.

Ready to apply for your dream home through Mera Ghar Mera Ashiana?

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Mera Ghar Mera Ashiana Loan Calculator

میرا گھر میرا آشیانہ قرضہ کیلکولیٹر

میرا گھر میرا آشیانہ

Official calculator for Pakistan's premier housing scheme