Askari Bank Mera Ghar Mera Ashiana Scheme: In Pakistan, high property prices and scarce affordable housing often make home ownership seem unattainable. To help realize this dream, the Government of Pakistan launched the Mera Ghar Mera Ashiana Scheme, a groundbreaking housing finance program designed for low- and middle-income families. Askari Bank stands out by providing affordable financing options via its home loan offerings.
This guide offers a detailed step-by-step overview of the application process, eligibility criteria, financial specifics, and benefits of the Askari Bank Mera Ghar Mera Ashiana Scheme 2025.
What is Askari Bank Mera Ghar Mera Ashiana Scheme 2025?
The Mera Ghar Mera Ashiana Scheme is a government-supported housing finance initiative that facilitates home ownership for first-time buyers. Through this scheme, applicants can:
- Purchase a house or apartment
- Build a house on land they already own
- Buy a plot and construct a home on it
The program emphasizes affordable housing—up to 5 marla houses or 1,360 sq. ft. apartments—making it perfect for families seeking their first home.
Quick Facts About the Scheme
| Program / Scheme | Start Date | End Date | Subsidy / Assistance | Application Mode |
|---|---|---|---|---|
| Mera Ghar Mera Ashiana (Affordable Finance) | September 2025 | Ongoing | Markup subsidy Tier 1: 5%, Tier 2: 8% (10 years) | Askari Bank branch (offline) |
| Askari Bank Home Finance (Regular) | Already operating | No fixed deadline | Rates linked to bank pricing | Branch / Official Website |
Note: The end date may change based on government and central bank policies.
Eligibility Criteria to Apply
To qualify for the Askari Bank Mera Ghar Mera Ashiana Scheme, applicants must meet these requirements:
Basic Requirements
- Must be a Pakistani citizen with a valid CNIC
- First-time home buyer
- Property must adhere to size limits (up to 5 marla or 1,360 sq. ft.)
- Aged between 20 to 65 years (per bank policy)
Income & Repayment Capacity
- Salaried individuals: Salary slips and bank statements needed
- Business owners: Must provide business history and financial records
- Co-applicants (like spouses or children) can pool their income to enhance eligibility.
Financial Details and Markup Rates
Understanding the financial structure is essential before applying.
Loan Amount & Tenure
- Tier 1: Up to PKR 2.0 million (5% markup)
- Tier 2: PKR 2.0 million to PKR 3.5 million (8% markup)
- Maximum tenure: 20 years
- Subsidy period: First 10 years of the loan
Bank pricing is generally linked to 1-year KIBOR + 3%.
Down Payment & Risk Coverage
- Minimum 10% down payment required
- Bank provides financing for up to 90% of the property value
- No processing fees or prepayment penalties apply
- The government offers 10% risk coverage to promote lending.
Required Documents
When applying for the Askari Bank Mera Ghar Mera Ashiana Scheme, have these documents ready:
- Copy of CNIC
- Recent passport-size photographs
- Proof of income (salary slips, bank statements, business documentation)
- Property ownership documentation (title deed, registration papers)
- Completed application form
- Co-applicant’s CNIC and income proof (if applicable)
How to Apply – Step-by-Step Process
Application Steps
- Visit your nearest Askari Bank branch or partner bank.
- Request the “Mera Ghar Mera Ashiana / Housing Finance” form.
- Complete the form and attach all necessary documents.
- The bank will verify your income, credit, and property information.
- An authorized property valuation will take place.
- Once approved, the financing amount will be released.
- Repay in monthly installments over the chosen tenure.
- After full payment, the property will be transferred to your name.
Pro Tip: Ensure the housing project or society is authorized under the scheme to avoid delays.
Askari Bank’s Existing Home Finance Options
Apart from the subsidized scheme, Askari Bank offers standard mortgage and Islamic home finance products, including:
- Financing tenures ranging from 1 to 25 years
- Diminishing Musharakah for Islamic home financing
- Financing amounts from PKR 500,000 up to PKR 2,700,000 for qualified applicants
Applicants can choose between the subsidized scheme (if eligible) or traditional mortgage products based on their financial needs.
Benefits of Mera Ghar Mera Ashiana Scheme
- Low markup rates (5%–8%) for the first 10 years
- Extended repayment period (up to 20 years)
- No processing fees or prepayment penalties
- Only a 10% down payment is necessary
- Government risk coverage encourages lending
- Ideal option for first-time home buyers
Important Considerations Before Applying
- Subsidy is applicable only for the first 10 years
- Construction cost variations might impact the budget
- Property must meet eligibility criteria and be approved
- Complete documentation is key to prevent rejection
- Applying on time maximizes benefits
Conclusion
The Askari Bank Mera Ghar Mera Ashiana Scheme 2025 is a unique opportunity for first-time homebuyers in Pakistan. With low markup rates, a minimal down payment, and lengthy tenure options, it presents a sound approach to attaining your dream home without overwhelming financial strain.
If you qualify, visit your nearest Askari Bank branch today, submit your application, and embark on your journey to home ownership.