Askari Bank Mera Ghar Mera Ashiana Scheme: In Pakistan, the aspiration of owning a home often feels unattainable due to soaring property prices and sparse affordable housing alternatives. To turn this aspiration into a reality, the Government of Pakistan has launched the Mera Ghar Mera Ashiana Scheme, an innovative housing finance initiative intended for low- and middle-income families. Among the banks participating in this initiative, Askari Bank plays a vital role by providing cost-effective financing options through its home loan offerings.
This guide presents a comprehensive step-by-step outline of the application process, eligibility criteria, financial specifics, and advantages associated with the Askari Bank Mera Ghar Mera Ashiana Scheme 2025.
What is the Askari Bank Mera Ghar Mera Ashiana Scheme 2025?
The Mera Ghar Mera Ashiana Scheme is a government-supported housing finance program aimed at easing home ownership for first-time buyers. Through this scheme, applicants can:
- Purchase a house or apartment
- Build a house on already owned land
- Acquire a plot and construct a home on it
The scheme emphasizes affordable units — maxing out at 5 marla houses or 1,360 sq. ft. apartments — making it suitable for families in pursuit of 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 operational | No fixed deadline | Rates aligned with bank pricing | Branch / Official Website |
Note: The end date may change per government and central bank regulations.
Eligibility Criteria to Apply
To qualify for the Askari Bank Mera Ghar Mera Ashiana Scheme, candidates must satisfy the following criteria:
Basic Requirements
- Must be a Pakistani citizen with a valid CNIC
- Must be a first-time property owner
- Property must adhere to the size restrictions (up to 5 marla or 1,360 sq. ft.)
- Age between 20 to 65 years (as per bank policy)
Income & Repayment Capacity
- Salaried individuals: Salary slips and bank statements required
- Business owners: Must present business history and financial records
- Co-applicants (such as spouses or children) can combine income to enhance eligibility.
Financial Details and Markup Rates
Grasping the financing framework is essential prior to submitting an application.
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 based on 1-year KIBOR + 3%.
Down Payment & Risk Coverage
- Minimum 10% down payment required
- Bank finances up to 90% of the property’s market value
- No processing fees or prepayment penalties
- Government offers 10% risk coverage to promote lending.
Required Documents
When applying for the Askari Bank Mera Ghar Mera Ashiana Scheme, you must have the following:
- Copy of CNIC
- Recent passport-sized 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 verification (if applicable)
How to Apply – Step-by-Step Guide
Application Steps
- Visit the nearest Askari Bank branch or partner institution.
- Request the “Mera Ghar Mera Ashiana / Housing Finance” form.
- Complete the form and attach all necessary documents.
- The bank will carry out a verification of your income, credit history, and property details.
- An authorized property appraisal will be conducted.
- Upon approval, the financing amount will be disbursed.
- Repay through monthly installments over the agreed tenure.
- Once payments are complete, the property will be transferred to your name.
Pro Tip: Verify that the housing project or society is authorized under the scheme to prevent any delays.
Askari Bank’s Current Home Finance Options
In addition to the subsidized program, Askari Bank provides standard mortgage and Islamic home financing products, encompassing:
- Financing tenures ranging from 1 to 25 years
- Diminishing Musharakah for Islamic home financing
- Financing from PKR 500,000 to PKR 2,700,000 for eligible customers
Applicants can select between the subsidized scheme (if eligible) or standard mortgage products based on their financial preferences.
Advantages of the Mera Ghar Mera Ashiana Scheme
- Low markup rates (5%–8%) for the initial 10 years
- Extended repayment period (up to 20 years)
- No processing fees or prepayment penalties
- Only a 10% down payment is required
- Government risk coverage promotes lending
- Ideal for first-time home buyers
Key Considerations Before Applying
- Subsidy is applicable only during the first 10 years
- Construction cost variances may impact budget
- Property must meet eligibility and approval requirements
- Thorough documentation is critical to avoid application rejection
- Timely submission of applications ensures maximum benefits
Conclusion
The Askari Bank Mera Ghar Mera Ashiana Scheme 2025 presents a significant opportunity for first-time homebuyers in Pakistan. With lower markup rates, minimal down payment, and extended tenures, it offers a practical pathway to home ownership without overwhelming financial pressure.
If you satisfy the eligibility criteria, visit your nearest Askari Bank branch today, submit your application, and take the first step towards owning your dream home.