The Prime Minister’s “Apna Ghar Program, Ghar Ho To Apna” has received 107,000 applications from citizens seeking housing finance. Under the government-backed scheme, individuals who do not own a house can apply for subsidized loans of up to Rs10 million to help them purchase or build their own homes.
The State Bank of Pakistan (SBP) announced on Wednesday that commercial banks and microfinance banks have been instructed that all Pakistani citizens who do not own a house are eligible for the Prime Minister’s subsidised housing finance scheme.
The statement was made by Ghulam Muhammad Abbasi, Executive Director of the Islamic Finance Group at the SBP.
He said banks are currently accepting housing finance applications from individuals up to the age of 65 years under the Prime Minister’s housing scheme.
Abbasi clarified that no profession has been classified as ineligible under the scheme. He said journalists, lawyers, judges, policymakers, military personnel, and people from all other professions can apply to become homeowners.
He added that overseas Pakistanis are also eligible to benefit from the scheme.
Under the program, a maximum of four individuals can jointly apply for a single loan to meet repayment requirements. Older applicants can apply in partnership with their children or other family members, provided those individuals are employed and have a source of income.
Abbasi said both salaried individuals with pay slips and those without formal salary documentation are eligible to apply, and the applicant’s monthly income level does not determine eligibility.
He said a target has been set to issue 150,000 housing loans during the fiscal year 2026-27. The government has allocated Rs71 billion in the current fiscal year to subsidise these loans.
Abbasi explained that if a loan is taken for the maximum repayment period of 20 years, banks will charge market-based profit rates during the final 10 years.
He also clarified that banks will not charge any processing fee for housing loan applications submitted under the scheme.
According to him, since March 2025, banks have received a total of 107,000 applications, with around 80% submitted after September 2025, when amendments increased the maximum loan limit to Rs10 million and introduced a subsidized profit rate of 5% for the first 10 years of repayment.
Of the total applications received, more than 27,000 loans have been approved, while 13,000 applications have been rejected.
Abbasi said that by June 30, 2026, banks had issued more than 6,000 housing loans under the scheme, with an average loan size of Rs4.8 million. A total of Rs26 billion has been disbursed so far.
He further said that as of June 30, 2026, banks had Rs293 billion in outstanding housing finance loans, provided to 65,414 borrowers. The average loan size stood at around Rs4.5 million.
