The State Bank of Pakistan (SBP) announcing the eligibility criteria for PM’s Apna Ghar Programme, a subsidised housing finance scheme, said that all citizens who do not own a house in their name are eligible to apply.
Ghulam Muhammad Abbasi, Executive Director of the Islamic Finance Group at the SBP while addressing a workshop titled “Prime Minister’s Apna Ghar Programme — Ghar Ho To Apna” on Thursday said commercial banks and microfinance banks had been issued the necessary instructions regarding the scheme.
Abbasi said banks were accepting housing finance applications from people aged up to 65 under the prime minister’s housing scheme.
He said no profession had been excluded from the programme, adding that journalists, lawyers, judges, policymakers, military personnel and people from all other sectors could apply for financing to purchase a home.
Abbasi said overseas Pakistanis were also eligible to benefit from the scheme.
He added that up to four people could jointly submit an application to meet the loan repayment requirements.
Older applicants may apply in partnership with their children or other family members, provided the co-applicants are employed or have a reliable source of income.
The SBP official clarified that both salaried individuals with salary slips and applicants without formal salary documents could apply.
He said no specific monthly income limit had been set, as the government intended to make home ownership possible for all citizens, including low-income groups.
Abbasi said the monthly loan instalment would not exceed 65 per cent of the applicant’s income, noting that many people have additional sources of earnings besides their formal salaries.
According to him, the government has set a target of issuing 150,000 housing loans during the 2026-27 financial year.
The government has also allocated Rs71 billion in subsidies for the loans during the current fiscal year.
He said that for loans taken for the maximum period of 20 years, the first 10 years would be covered under concessional terms, while banks would charge market-based profit rates during the remaining 10 years.
Banks would not charge any processing fee for applications submitted under the scheme, he added.
SBP officials said banks had received a total of 107,000 applications since March 2025.
More than 27,000 applications have been approved, while 13,000 have been rejected.
By June 30, 2026, banks had disbursed more than 6,000 housing loans, with an average loan size of Rs4.8 million.
A total of Rs26 billion has so far been distributed under the programme.
Abbasi said that as of June 30, 2026, banks had Rs293 billion in outstanding housing finance loans issued to 65,414 borrowers.
The number of digital applications is expected to increase further after the government launches a dedicated online portal.
