Owning a home in Pakistan has become increasingly difficult due to rising real estate prices and limited financing options. To help low- and middle-income families achieve this dream, the Government of Pakistan, with support from the State Bank, launched the Mera Ghar Mera Ashiana Scheme. Askari Bank proudly participates in this initiative, offering subsidized home financing to eligible citizens looking to buy, build, or renovate their homes.
Quick Overview: Askari Bank Mera Ghar Mera Ashiana Scheme 2025
| Program / Scheme | Launch | Status | Subsidy / Mark-Up | Application Mode |
|---|---|---|---|---|
| Mera Ghar Mera Ashiana (Affordable Housing Finance) | September 2025 | Ongoing | Tier-1: 5%, Tier-2: 8% (first 10 years) | Apply via Askari Bank branch (offline) |
| Askari Bank Home Finance / Mortgage (Normal & Islamic) | Already available | Continuous | Linked to bank’s standard pricing | Askari Bank branch / official website |
Note: There is no fixed closing date. The scheme remains open until further notice, but it’s best to confirm the latest updates with your nearest Askari Bank branch.
What is the Mera Ghar Mera Ashiana Scheme?
The Mera Ghar Mera Ashiana Scheme is a government-backed markup subsidy and risk-sharing program designed to promote affordable housing in Pakistan. It allows first-time homeowners to access low-interest loans through participating banks such as Askari Bank.
You can apply for financing to buy a new house or apartment, construct a house on owned land, or purchase a plot and build a home on it.
Eligible housing unit size:
Up to 5 Marla for houses or 1,360 sq. ft. for flats/apartments.
Eligibility Criteria
To qualify for the Askari Bank Mera Ghar Mera Ashiana Scheme, applicants must meet the following conditions:
- Must be a Pakistani citizen with a valid CNIC.
- Should be a first-time homeowner (no previous property ownership).
- Property size must not exceed 5 Marla or 1,360 sq. ft.
- Age requirement: Between 20 and 65 years (as per bank policy).
- Must have a stable income and repayment capacity:
- Salaried individuals: Provide salary slips and bank statements.
- Businesspersons: Provide business registration and financial records.
- Co-applicants (spouse or children) can combine income to increase eligibility.
Askari Bank may apply additional internal criteria depending on the loan product and applicant’s profile.
Financial Details
Loan Amount and Tiers
| Tier | Loan Range (PKR) | Markup Rate | Tenure |
|---|---|---|---|
| Tier 1 | Up to 2 million | 5% | Up to 20 years |
| Tier 2 | Above 2 million – up to 3.5 million | 8% | Up to 20 years |
Government subsidy applies for the first 10 years. Participating banks follow 1-year KIBOR + 3% for internal pricing.
Equity / Down Payment
Borrower contributes 10% equity, while 90% is financed by the bank. There are no processing fees or prepayment penalties. The State Bank provides 10% risk coverage on the loan portfolio.
Required Documents
When applying through Askari Bank, submit the following documents:
- Copy of CNIC
- Recent passport-size photographs
- Proof of income (salary slips or business records)
- Bank statements (latest 6 months)
- Property ownership documents (title deed, registry, etc.)
- Completed application form
- For co-applicants: CNIC and proof of income are also required
How to Apply – Step-by-Step Guide
- Visit any Askari Bank branch and request the “Mera Ghar Mera Ashiana” housing finance form.
- Fill out the form and attach all required documents.
- The bank will verify your income, credit history, and property documents.
- A property valuation will be conducted by the bank.
- Once approved, the loan amount will be disbursed for construction or purchase.
- Repay the loan through monthly installments over your chosen tenure.
- After full repayment, the property ownership is officially transferred to your name.
Always ensure that the housing society or project is bank-approved before applying.
Askari Bank’s Regular Home Finance Products
Apart from the government-subsidized scheme, Askari Bank also provides its own Mortgage and Home Finance services:
- Loan tenures from 1 to 25 years
- Islamic finance option under Diminishing Musharakah
- Financing for purchase, construction, or renovation
- Financing amounts from PKR 500,000 to PKR 2.7 million (for specific income groups)
You can choose between the subsidized scheme (if eligible) or regular home financing, depending on your preference.
Key Benefits of Askari Bank Mera Ghar Mera Ashiana Scheme
- Low markup rates (5%–8%) under government subsidy
- Long repayment period — up to 20 years
- Zero processing and prepayment fees
- Only 10% down payment required
- Government risk-sharing boosts approval chances
- Ideal for first-time homebuyers entering the housing market
Important Considerations
While the scheme offers great benefits, keep the following points in mind:
- The subsidy applies only for the first 10 years; regular rates follow after that.
- Construction material costs may fluctuate over time.
- Delays in processing can affect disbursement timing.
- Ensure the property and housing project meet eligibility and approval standards.
- Maintain accurate documentation to avoid rejection.
Conclusion
The Askari Bank Mera Ghar Mera Ashiana Scheme 2025 is a life-changing opportunity for Pakistanis who dream of owning a home. With government subsidies, flexible repayment plans, and low markup rates, it empowers citizens to invest in their future. If you meet the eligibility requirements, visit your nearest Askari Bank branch today to start your application. Your dream home is just a few steps away.
FAQs About Askari Bank Mera Ghar Mera Ashiana Scheme
Q1: What is the Askari Bank Mera Ghar Mera Ashiana Scheme 2025?
It’s a government-subsidized housing finance scheme that offers low-interest loans through Askari Bank for first-time homebuyers.
Q2: How much loan can I get under this scheme?
You can borrow up to PKR 3.5 million, depending on your income and eligibility.
Q3: Is there any age limit to apply?
Yes. Applicants must be between 20 and 65 years old, depending on the bank’s policy.
Q4: What documents are required for application?
You’ll need your CNIC, income proof, bank statements, property documents, and passport-size photos.
Q5: Does the subsidy apply for the entire loan period?
No. The markup subsidy is available for the first 10 years; standard bank rates apply afterward.
