Askari Bank Mera Ghar Mera Ashiana Scheme 2025: Complete Guide & Eligibility
Askari Bank Mera Ghar Mera Ashiana Scheme 2025: Complete Guide & Eligibility. Owning a home in Pakistan has become a dream for many due to rising property prices and limited affordable housing. The Askari Bank Mera Ghar Mera Ashiana Scheme 2025 offers a practical solution for low and middle-income citizens to purchase or construct their first home with subsidized markup and easy financing options. This complete guide covers eligibility, financial details, application process, and expert tips for first-time homebuyers.
What is the Mera Ghar Mera Ashiana Scheme?
Mera Ghar Mera Ashiana is a government-backed subsidized housing finance program supported by the State Bank of Pakistan (SBP). It aims to provide financial assistance to first-time homeowners through participating banks, including Askari Bank.
The scheme covers:
- Buying an existing house or flat
- Constructing a house on owned land
- Buying a plot and constructing a home
Unit size restrictions:
- Houses: Up to 5 marla
- Flats/Apartments: Up to 1,360 sq. ft
This initiative promotes affordable housing while ensuring banks can lend with reduced financial risk, thanks to SBP-backed risk-sharing.
Quick Scheme Details:
| Program / Scheme | Start / Launch | End / Deadline* | Assistance / Subsidy | Application Mode |
|---|---|---|---|---|
| Mera Ghar Mera Ashiana (Affordable Housing Finance) | September 2025 | Ongoing | Subsidy on markup: Tier-1 ~5%, Tier-2 ~8% (first 10 years) | Apply via Askari Bank branch / partner bank |
| Askari Bank Mortgage / Home Finance (Normal / Islamic) | Operating | No fixed end | Rates linked to bank pricing / products | Askari Bank branch / website |
Note: Timelines may change. Always check the latest updates with Askari Bank or SBP.
Eligibility Criteria: Who Can Apply?
To apply for Askari Bank Mera Ghar Mera Ashiana Scheme 2025, applicants must meet the following criteria:
- Pakistani Citizenship: Valid CNIC required
- First-time Homebuyer: Must not already own a residential property
- Property Size: Up to 5 marla for houses, or 1,360 sq. ft for flats
- Age: Typically 20–65 years (subject to bank policy)
- Income & Repayment Capability:
- Salaried persons: Salary slips and bank statements
- Business owners: Financial records and business history
- Co-Applicant Option: Spouse or children can combine income to increase eligibility
Financial Details: Loan Amount, Rates & Tenure
Askari Bank Mera Ghar Mera Ashiana Scheme offers structured financial support designed to reduce monthly repayment burden.
Loan Tiers
| Tier | Loan Amount | Government Subsidy | Fixed Markup Rate |
|---|---|---|---|
| Tier 1 | Up to PKR 2.0 million | First 10 years | 5% |
| Tier 2 | PKR 2.0 – 3.5 million | First 10 years | 8% |
- Maximum loan tenure: 20 years
- Bank pricing (participating banks): 1-year KIBOR + 3%
Equity / Down Payment & LTV
- Buyer contributes 10% equity
- Bank finances 90%
- No processing fee and no prepayment penalties
- SBP provides 10% risk coverage on outstanding portfolio
Tip: Askari Bank’s regular mortgage products may allow larger financing but for Mera Ghar Mera Ashiana, you must follow scheme rules.
Required Documents
When applying, submit the following:
- Copy of CNIC
- Recent passport-size photographs
- Proof of income: salary slips, bank statements, or business records
- Property/plot documents: title deed, registration papers
- Completed application form
- Co-applicant CNIC and income proof (if applicable)
How to Apply: Step-by-Step
- Visit any Askari Bank branch or participating bank
- Request the Mera Ghar Mera Ashiana / Housing Finance application form
- Complete the form with accurate information
- Submit all required documents
- Bank verifies your credit history, income, and documents
- Property evaluation is conducted
- Upon approval, financing is disbursed for:
- Buying a house/flat
- Constructing on owned land
- Buying a plot and building
- Monthly installments start as per agreed tenure
- After full repayment, property ownership is transferred to your name
Tip: Ensure the housing society or area is approved by Askari Bank for scheme compliance.
Askari Bank Existing Home Finance / Mortgage Products
Apart from the subsidized scheme, Askari Bank provides:
- Mortgage finance tenures: 1–25 years
- Islamic banking: Diminishing Musharakah-based home financing
- Special segments: Financing from PKR 500,000 to ~2,700,000
- Financing for buying, construction, or renovation
Advantages & Benefits
- Low Markup Rates: Subsidized rates are lower than market rates
- Long Tenure: Up to 20 years reduces monthly payments
- Minimal Down Payment: Only 10% equity required
- Zero Fees: No processing fee or prepayment penalties
- Government Risk Sharing: Encourages banks to lend
- First-time Homebuyers: Entry into property market made easier
Things to Consider / Challenges
- Subsidy applies for the first 10 years; afterwards, regular pricing may apply
- Construction cost fluctuations can affect project execution
- Delays in bank processing may reduce benefits
- Property eligibility and society approval are mandatory
- Strict documentation and eligibility verification
FAQs
Q1: Who is eligible for Askari Bank Mera Ghar Mera Ashiana Scheme 2025?
A: Pakistani citizens, first-time homebuyers aged 20–65, with property size up to 5 marla or 1,360 sq. ft, and proof of income.
Q2: How much loan can I get under this scheme?
A: Tier 1: Up to PKR 2 million; Tier 2: PKR 2–3.5 million, with government markup subsidy for the first 10 years.
Q3: Can I apply online for Mera Ghar Mera Ashiana through Askari Bank?
A: Applications are primarily offline via Askari Bank branches, though information and normal home finance forms are available on the official website.
Q4: What documents are required for application?
A: CNIC, passport-size photos, proof of income, property/plot documents, completed application form, and co-applicant documents if applicable.
Q5: Are there any fees or penalties under this scheme?
A: No processing fees or prepayment penalties apply under the subsidized scheme.
Conclusion
The Askari Bank Mera Ghar Mera Ashiana Scheme 2025 is a landmark initiative helping first-time homebuyers in Pakistan achieve their dream of owning a home. With low markup, government-backed risk sharing, and long repayment tenure, this scheme is ideal for low and middle-income citizens.
