Prime Minister House Loan Scheme 2024
PM House Loan Scheme: Prime Minister House loan scheme The Government of Pakistan has planned to increase the number of housing units in the coming years, keeping in mind the need to improve the availability of adequate housing in the country and the important role of the construction sector in boosting economic activity in other countries. Several initiatives are being taken from the program To support this initiative of the Government of Pakistan, the State Bank of Pakistan is taking several initiatives to provide financing for the housing and construction sector from August 2024.
In September 2024, the Government of Pakistan Government Markup Subsidy Scheme, now commonly known as Mera Pakistan Mera Ghar (MPMG) Markup Subsidy Scheme, was launched by the Government in February 2025 to benefit the larger segment of the population residing in Pakistan. In light of the feedback, the features of the MPMG scheme have been liberalized.
The Prime Minister House Loan Scheme, also known as Mera Pakistan Mera Ghar, is an initiative by the Government of Pakistan to provide affordable housing options to its citizens. This program aims to increase the availability of housing units nationwide, focusing on low-income families.
وزیراعظم ہاؤس لون سکیم حکومت پاکستان نے ملک میں مناسب رہائش کی دستیابی کو بہتر بنانے اور اقتصادی سرگرمیوں کو بڑھانے میں تعمیراتی شعبے کے اہم کردار کو مدنظر رکھتے ہوئے آئندہ برسوں میں ہاؤسنگ یونٹس کی تعداد بڑھانے کا منصوبہ بنایا ہے۔ حکومت پاکستان کے اس اقدام کو سپورٹ کرنے کے لیے پروگرام سے کئی اقدامات کیے جا رہے ہیں، اسٹیٹ بینک آف پاکستان اگست 2024 سے ہاؤسنگ اور تعمیراتی شعبے کے لیے فنانسنگ فراہم کرنے کے لیے کئی اقدامات کر رہا ہے۔
Prime Minister Loan Scheme 2024
Available in both traditional and Islamic modes, this scheme will be given interest-free to every deserving person so that the lowest-income sections can build their own houses at low financing rates. In recent days, Prime Minister Shahbaz Sharif while inaugurating the Youth Lawn Housing Scheme has said that the youth is the capital of our society because the development of a country depends on the prosperous section of that country. In the future, people between the ages of 21 and 45 years will be included in the scheme. To join this program you must have a National Identity Card Individuals of 18 years of age with business acumen are eligible to avail of the loan scheme.
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Shahbaz Sharif Housing Loan Scheme
The minimum age limit for commerce sector candidates is 18 years and the minimum education should be intermediate. The age limit will be applicable only for sole proprietors in all other types of companies; only one of the owners or directors needs to be within this age limit.
Shahbaz Sharif Housing Loan Scheme 2024 is an important project launched by the Government of Pakistan to provide residence to the economically weaker sections of the country. Under this scheme, low-income people will be provided loans for building or buying houses in easy installments. To join the scheme, the applicant has to fulfill certain conditions, which include proof of eligibility and income within the prescribed financial limit.
PM Housing Scheme Online Apply 2024
Registration for the Prime Minister Youth Loan Scheme is done through an online portal, the form will be in both English and Urdu languages. The objective of this portal is to provide a central platform to the public through which all loan applicants can submit their applications directly to the respective banks. All applications will be submitted online only through the official website of the Government of Pakistan www.gov.pk
Follow the instructions below to complete the application form.
- Personal Information
- Business Information
- Loan details
- Financing details
The Prime Minister House Loan Scheme 2024 in Pakistan, also known as “Mera Pakistan Mera Ghar,” has eligibility criteria and requirements for applicants:
پرائم منسٹر یوتھ لون سکیم کے لیے رجسٹریشن ایک آن لائن پورٹل کے ذریعے کی جاتی ہے، فارم انگریزی اور اردو دونوں زبانوں میں ہو گا۔ اس پورٹل کا مقصد عوام کو ایک مرکزی پلیٹ فارم فراہم کرنا ہے جس کے ذریعے قرض کے تمام درخواست دہندگان اپنی درخواستیں براہ راست جمع کر سکتے ہیں۔ متعلقہ بینکوں. تمام درخواستیں صرف حکومت پاکستان کی آفیشل ویب سائٹ www.gov.pk کے ذریعے آن لائن جمع کی جائیں گی۔
Eligibility Criteria For Prime Minister House Loan Scheme
- Pakistani citizenship
- Valid CNIC (Computerized National Identity Card)
- Age: 25-65 years
- First-time homeowner
- Income:
The loan is divided into three types according to their requirements
Tier 1: Up to Rs. 40,000/month
Tier 2: Rs. 40,001-100,000/month
Tier 3: Rs. 100,001-200,000/month
Required Documents
Following documents are required for the registration of the Prime Minister Housing Loan Scheme 2024:
- CNIC
- NICOP (National Identity Card for Overseas Pakistanis) for overseas applicants
- Proof of income (salary slip, pension documents, or business proof)
- Proof of residency (utility bills, rent agreement)
- Bank account details
Application Process
- Visit participating banks’ websites or branches (e.g., State Bank, Bank of Punjab, Habib Bank)
- Fill out the application form
- Submit required documents
- Pay processing fee (Rs. 1,500-Rs. 3,000)
Loan Details
- Loan amount: Up to Rs. 10 million
- Interest rate: 5%-7% (subsidized)
- Loan tenure: 5-20 years
- Down payment: 10%-20%
Priority
- Special focus on low-income families, widows, and orphans
- Preference to applicants from rural areas
Additional Initiatives
- Apna Ghar Scheme (Punjab)
- Naya Pakistan Housing Program (NPHP)
Please note that criteria may vary depending on the specific scheme or province. Visit the official website or contact participating banks for the latest information.