Faysal Bank & SBP Introduce New Affordable Housing Initiative Mera Ghar Mera Ashiana – Apply Now
In a major step towards home ownership for low and middle-income families, Faysal Bank Limited (FBL) in collaboration with the State Bank of Pakistan (SBP) has launched a new Affordable Housing Finance Scheme under the name “Mera Ghar Mera Ashiana”.
This initiative aims to make owning a home easier, faster, and more affordable for citizens who have long struggled with high property prices and limited financing options.
Through this scheme, eligible applicants can apply for housing finance of up to Rs. 10 million at low markup rates with flexible repayment plans extending up to 20 years.
The goal is simple — to ensure that every Pakistani family can build or buy their dream home with the support of modern, Shariah-compliant financing.
What Is the ‘Mera Ghar Mera Ashiana’ Program?
The Mera Ghar Mera Ashiana Program is part of SBP’s ongoing commitment to promote financial inclusion and affordable home financing across Pakistan.
It specifically targets:
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Low and middle-income families earning between Rs. 30,000 to Rs. 200,000 per month
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People who don’t currently own a house
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Citizens wanting to construct, purchase, or renovate a house
Faysal Bank, being Pakistan’s largest Islamic retail bank, has partnered with SBP to provide Shariah-compliant home financing under this program.
The scheme is available across urban and semi-urban areas, including Lahore, Karachi, Islamabad, Faisalabad, Multan, and Peshawar.
Key Features and Benefits of the Scheme
| Feature | Details |
|---|---|
| Loan Amount | Up to Rs. 10 million |
| Markup Rate | 2% to 9% (subsidized by SBP) |
| Tenure | 5 to 20 years |
| Financing Type | Shariah-compliant diminishing Musharakah |
| Purpose | Purchase, construction, or renovation |
| Eligibility | Salaried, self-employed, or informal income earners |
| Property Type | Apartment, house, or plot-based construction |
| Collateral | The property being financed |
The program includes three income-based tiers, with varying loan sizes and SBP subsidies ensuring that even lower-income families can qualify.
Who Can Apply for Mera Ghar Mera Ashiana?
You can apply for this scheme if you:
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Are a Pakistani citizen aged between 25–60 years.
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Have a stable income source (salaried or self-employed).
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Do not already own a residential property anywhere in Pakistan.
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Are looking to buy a house/apartment, construct a new home, or renovate your existing home.
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Meet the credit assessment criteria set by Faysal Bank and SBP.
The program is designed to ensure that even first-time homebuyers with limited savings can finally become homeowners.
How to Apply for Faysal Bank’s Mera Ghar Mera Ashiana Scheme
Applying for this affordable housing program is simple and transparent.
✅ Step-by-Step Application Process
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Visit your nearest Faysal Bank branch or apply online at https://www.faysalbank.com.
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Select the “Mera Ghar Mera Ashiana” program under the housing finance section.
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Fill in your details: CNIC, income proof, and property information.
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Upload required documents (salary slips, utility bills, and bank statements).
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After initial verification, the bank will conduct a property valuation and credit check.
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Once approved, you’ll receive your financing offer letter and can proceed with purchase or construction.
Applicants can also contact Faysal Bank’s dedicated housing helpline: 111-06-06-06 for assistance.
Documents Required for Application
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Copy of CNIC (applicant and co-applicant, if any)
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Salary certificate or business proof (for self-employed)
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Bank statement (last 6 months)
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Property documents or purchase agreement
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Utility bill (for address verification)
The documentation process is paper-light, fully digitized, and verified using NADRA Smart ID for speed and security.
Why This Scheme Is a Game Changer
The Mera Ghar Mera Ashiana program comes at a crucial time when housing demand is rising, but affordability remains a challenge.
Here’s how it stands out:
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🏠 Low markup rates subsidized by the State Bank of Pakistan.
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💳 Digital approval process reducing wait time.
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🤝 Inclusive eligibility for salaried and informal workers alike.
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🕌 Shariah-compliant structure ensuring ethical financing.
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🛠️ Support for both purchase and construction — giving flexibility to all home seekers.
With this initiative, Pakistan takes a major step toward reducing the urban housing deficit, which currently exceeds 10 million units nationwide.
Government and SBP’s Vision
The State Bank of Pakistan has emphasized that this housing scheme is not merely a financing product but a national development goal.
The project aligns with Pakistan’s Sustainable Housing Vision 2030, focusing on:
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Urban housing expansion
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Employment generation in the construction sector
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Increased access to affordable Islamic finance
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Socioeconomic stability through home ownership
Impact on Economy and Construction Sector
Economists predict that this initiative will not only help individuals but also stimulate Pakistan’s economy by reviving the construction and real estate sectors.
With easier access to home financing, demand for building materials, labor, and allied industries will rise — generating thousands of new jobs across the country.
How to Track Your Application
After submission, applicants can:
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Check their loan status via the Faysal Bank Housing Portal.
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Contact the customer care helpline.
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Receive updates through SMS notifications.
Once your loan is approved, disbursement usually occurs within 15–25 working days, depending on document verification.
Conclusion: A New Opportunity for Home Ownership
The Faysal Bank and SBP “Mera Ghar Mera Ashiana” initiative offers hope to millions of Pakistanis who dream of owning a home but can’t afford conventional mortgages.
With low markup rates, simplified eligibility, and long repayment terms, it ensures that home ownership becomes achievable — not just aspirational.
If you’ve been waiting for a safe, Shariah-compliant, and affordable home financing solution, now is the perfect time to apply and make your dream home a reality.
