Mera Ghar Mera Ashiana Scheme 2025-26 by Faysal Bank: Registration Process, Loan Details, and Key Benefits
Mera Ghar Mera Ashiana Scheme 2025-26 by Faysal Bank
Mera Ghar Mera Ashiana Scheme 2025-26 by Faysal Bank: Owning a home is one of the biggest dreams for many Pakistanis, especially for families struggling with low or middle incomes. To make this dream come true, Faisal Bank has launched the Mera Ghar Mera Aashiyana Scheme under the State Bank of Pakistan’s Low-Cost Housing Policy. This initiative aims to provide affordable, Shariah-compliant home financing to help people buy, build, or own their own houses with ease.
What is the Mera Ghar Mera Aashiyana Scheme?
The Mera Ghar Mera Aashiyana Scheme is a national housing finance program launched by Faisal Bank Limited in collaboration with the State Bank of Pakistan (SBP). The scheme supports the SBP’s vision of making housing finance accessible to all, especially for low and middle-income households.
This program offers subsidized profit rates and flexible financing options, helping families purchase ready-built homes, buy residential plots, or construct houses on their own land.
Faisal Bank’s Role in Supporting the State Bank’s Vision
By launching this initiative, Faisal Bank has taken a significant step forward in promoting the State Bank’s housing finance vision. The program not only focuses on providing financial solutions but also on supporting economic growth, construction activities, and job creation across Pakistan.
According to Yousaf Hussain, President and CEO of Faisal Bank, the bank is proud to support this national project through Shariah-compliant solutions that help low-income families achieve their dream of owning a house.
Who Can Benefit from the Scheme?
This scheme is designed for low and middle-income individuals or families who wish to:
- Buy a ready-built house
- Purchase a residential plot
- Construct a home on their own land
It targets people who often find it difficult to access traditional home loans due to strict requirements or high-interest rates. The simplified process and affordable profit rates make this program suitable for everyone.
Key Features of Mera Ghar Mera Aashiyana Scheme
Here are the main highlights that make this scheme stand out:
- Affordable Financing: Subsidized profit rates make monthly installments easier for low-income families.
- Flexible Options: You can buy a house, acquire land, or build a new home.
- Shariah-Compliant: The scheme follows the Diminishing Musharakah model, ensuring it meets Islamic banking principles.
- Nationwide Availability: All Faisal Bank branches across Pakistan are offering this facility.
- Simple Eligibility Criteria: Minimal documentation and easy qualification process.
Understanding the Diminishing Musharakah Model
The Diminishing Musharakah model is a Shariah-compliant financing method based on partnership. In simple terms, Faisal Bank and the customer jointly invest in a property. The customer gradually buys the bank’s share over time through monthly payments until full ownership is achieved.
This model ensures the transaction remains free from interest (riba) and aligns with Islamic finance principles, making it a trusted choice for religiously conscious customers.
How to Apply for Faisal Bank’s Mera Ghar Mera Aashiyana Scheme
Applying for this scheme is simple and straightforward. Follow these steps to begin:
Step 1 – Visit Your Nearest Faisal Bank Branch
Go to any Faisal Bank branch across Pakistan and ask for the Mera Ghar Mera Aashiyana Scheme.
Step 2 – Prepare the Required Documents
You’ll need to submit the following:
- Valid CNIC
- Proof of income or salary slips
- Bank statement (last 6 months)
- Property documents (for buying or construction)
- Two passport-sized photographs
Step 3 – Application and Processing
After submission, the bank will review your application and assess your eligibility. Once approved, you’ll receive details about the financing amount, installment plan, and tenure.
Step 4 – Property Valuation and Agreement
The property is valued, and both the customer and the bank enter a Musharakah agreement. The process ensures complete transparency.
Subsidized Profit Rates and Easy Installments
One of the biggest advantages of this scheme is its affordable profit rates. Under the State Bank’s Low-Cost Housing Policy, the profit is subsidized to make the installment plan manageable for low-income earners.
For example:
- A small house worth Rs. 2 million may have a much lower monthly installment compared to regular market loans.
- Tenure can be extended up to several years, allowing customers to pay comfortably.
Why Choose Faisal Bank for Home Financing?
Faisal Bank is known for its strong Shariah governance, wide branch network, and customer-friendly services. The Mera Ghar Mera Aashiyana Scheme adds to its reputation as a socially responsible institution working for national development.
The bank’s approach ensures:
- Transparent agreements
- Quick processing
- Customer support at every stage
Boosting Financial Inclusion and National Growth
This initiative not only helps individuals own homes but also strengthens Pakistan’s economy. The housing and construction sectors are major job creators, and programs like this stimulate related industries like cement, steel, and furniture.
Through this effort, Faisal Bank and the State Bank aim to improve financial inclusion, empower families, and enhance living standards across the country.
Economic and Social Impact of the Scheme
The scheme contributes to:
- Job creation in the housing and construction sector
- Empowerment of low-income families
- Improved quality of life and financial stability
- Boost in local economic activity through construction demand
It’s a long-term investment in Pakistan’s economic and social progress.
Tips to Increase Your Chance of Approval
To make your application process smoother, follow these simple tips:
- Make sure all your documents are complete and accurate.
- Maintain a clean financial record and avoid unnecessary debts.
- Apply through the nearest branch for faster coordination.
- Be clear about your property type and budget before applying.
- Seek guidance from a Faisal Bank representative to choose the best plan.
Where to Get Help or More Information
If you want to know more about the Mera Ghar Mera Aashiyana Scheme, visit your nearest Faisal Bank branch or call their customer helpline. You can also visit the official Faisal Bank website for more details and application forms.
Conclusion
The Mera Ghar Mera Aashiyana Scheme by Faisal Bank is a major step toward providing affordable, Shariah-compliant housing finance in Pakistan. With easy eligibility, subsidized profit rates, and nationwide accessibility, it offers a golden opportunity for low and middle-income families to finally own their dream homes.
This initiative reflects Faisal Bank’s commitment to financial inclusion, economic growth, and social development, ensuring every Pakistani can achieve the dream of having a home to call their own.
FAQs
What is the Mera Ghar Mera Aashiyana Scheme?
It’s a low-cost, Shariah-compliant home financing program by Faisal Bank under the State Bank’s housing policy to help low and middle-income families buy or build homes.
Who is eligible for this scheme?
Pakistani citizens with low or middle income who want to buy, build, or purchase a plot for residential purposes.
What is the financing model used?
The scheme uses the Diminishing Musharakah model, which is fully Shariah-compliant and based on partnership rather than interest.
How can I apply for the scheme?
Visit any Faisal Bank branch with your CNIC, income proof, and property details to begin your application.
What are the benefits of this program?
It offers subsidized profit rates, easy installment plans, simple eligibility, and nationwide access, making home ownership affordable for everyone.
