State Bank Launches ‘Mera Ghar Mera Ashiyana’ Housing Finance Scheme
Karachi: The **State Bank of Pakistan (SBP)** has launched the **“Mera Ghar Mera Ashiyana” scheme** to facilitate the purchase and construction of houses, flats, and plots.
According to **Geo News**, first-time homebuyers will be eligible to obtain loans ranging from **Rs2 million to Rs3.5 million** under the scheme. The financing tenure will be up to **20 years**, with a **subsidy available for the first 10 years**.
The central bank stated that all **conventional and Islamic banks, microfinance banks, and House Building Finance Corporation (HBFC)** will provide financing under this program.
Loan pricing will be set at **KIBOR + 3%**, while end users will pay only **5% on loans up to Rs2 million** and **8% on loans up to Rs3.5 million**. Importantly, **no processing fee** will be charged to applicants.
Would you like me to also prepare a **simplified explainer version** of this news (like “Who is eligible, how much loan, interest rate”) for quick reader understanding?
