Faysal Bank Launches ‘Mera Ghar Mera Ashiana’ – SBP Subsidized Housing Scheme 2025 Begins
The Faysal Bank Launches ‘Mera Ghar Mera Ashiana’ – SBP Subsidized Housing Scheme 2025 Begins initiative marks a major breakthrough for low-income families in Pakistan who dream of having their own home. This scheme is part of the State Bank of Pakistan’s national effort to expand affordable, Shariah-compliant housing finance across the country. With rising house prices and limited financing options, this new facility is a timely relief for thousands of families who need easy, transparent and low-cost housing finance.
Through this initiative, Faysal Bank aims to support the financial inclusion of low-income and middle-income households by offering subsidized profit rates, simple documentation, and flexible repayment options. The entire scheme is built under the Diminishing Musharakah model, ensuring full compliance with Islamic banking principles while giving families an opportunity to gradually become owners of their homes.
The Faysal Bank Launches ‘Mera Ghar Mera Ashiana’ – SBP Subsidized Housing Scheme 2025 Begins program is for first-time home buyers, families living on rent, or individuals planning to build a home on their own land. This detailed guide explains everything you need to know — eligibility, documentation, benefits, steps to apply, and how the financing works — so you can easily understand and apply for this government-supported housing solution.
What Is the Mera Ghar Mera Ashiana Scheme?
The scheme is part of the SBP’s subsidized housing initiative where banks offer affordable home financing to eligible applicants with lower profit rates. Faysal Bank has introduced this scheme as a Shariah-compliant solution for customers looking for halal, easy, and long-term housing finance.
Under this initiative, customers can:
- Buy a constructed home
- Buy a plot and construct a house
- Construct a house on existing land
- Expand or renovate their existing home (for eligible categories)
With the Faysal Bank Launches ‘Mera Ghar Mera Ashiana’ – SBP Subsidized Housing Scheme 2025 Begins, the bank plans to serve families who have previously been excluded from formal financing due to low income, high market rates, or lack of Islamic financing options.
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Eligibility Criteria for Mera Ghar Mera Ashiana Scheme
| Category | Requirement |
|---|---|
| Age | Salaried: 25–60 years, Self-employed: up to 65 years |
| Income Range | Low to middle income |
| Home Buyer Status | Preferably first-time home buyer |
| Nationality | Pakistani CNIC holders |
| Employment | Salaried, business owners, freelancers |
| Property Type | Residential (house, flat, plot) |
| Credit History | Clean and responsible credit record |
| Documents | Proper income verification and property papers |
Required Documents
To apply for the Faysal Bank Launches ‘Mera Ghar Mera Ashiana’ – SBP Subsidized Housing Scheme 2025 Begins, the following documents are needed:
- CNIC copy of applicant (and co-applicant, if applicable)
- Salary slip (last 3 months)
- Employment verification letter
- Bank statement (last 6 months)
- Business registration (for self-employed)
- Property ownership documents
- Approved map/plan (for construction)
- Utility bills copy
- Recent photographs
- Filled application form
Benefits of Faysal Bank’s Mera Ghar Mera Ashiana Scheme
| Benefit | Details |
|---|---|
| Low Profit Rates | Due to SBP subsidy |
| Shariah-Compliant | Diminishing Musharakah model |
| Affordable Installments | Easy and manageable EMI |
| Long Tenure | Up to 20 years |
| Multiple Uses | Buy, build, renovate |
| Low Down Payment | Easy initial contribution |
| Easy Approval | Simplified process |
| Nationwide Branch Access | Apply anywhere in Pakistan |
The Faysal Bank Launches ‘Mera Ghar Mera Ashiana’ – SBP Subsidized Housing Scheme 2025 Begins ensures that low-income families can access home financing without struggling with high bank charges or complicated procedures.
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Types of Financing Available
1. Buying a Constructed House
Customers can finance a ready-to-move house anywhere in Pakistan.
2. Plot Purchase + Construction
Buy a plot and construct your home under one financing plan.
3. Construction on Existing Land
For families who already own land but lack construction funds.
4. Home Expansion
Add rooms, floors, or renovate your house depending on eligibility.
How the Diminishing Musharakah Model Works
Instead of charging interest, Faysal Bank becomes a co-owner with you. Every month you pay:
- Rental (for bank’s share)
- Equity payment (to buy bank’s share)
Over time, your share increases and the bank’s share decreases until you become full owner.
Step-by-Step Application Process
Here is the complete procedure of Faysal Bank Launches ‘Mera Ghar Mera Ashiana’ – SBP Subsidized Housing Scheme 2025 Begins:
Step 1: Visit a Faysal Bank Branch
Go to the nearest branch and ask for the Mera Ghar Mera Ashiana financing form.
Step 2: Discuss Your Housing Plan
Tell the representative whether you want to buy, construct, or renovate.
Step 3: Submit Documents
Provide income proof, CNIC, bank statement, property documents, and photos.
Step 4: Income Assessment
Bank reviews your income and affordability.
Step 5: Property Valuation
The bank performs property valuation to confirm its eligibility.
Step 6: Approval
Once documents are verified, your financing amount is approved.
Step 7: Sign Musharakah Agreement
Complete Shariah-compliant legal documentation.
Step 8: Disbursement
Bank releases the financing amount and the construction/purchase begins.
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Who Should Apply?
This scheme is suitable for:
- Newly married couples
- Families living on rent
- First-time home buyers
- Landowners needing construction support
- Low-income families seeking affordable housing
- Islamic banking customers
Why This Scheme Is Important for Pakistan
The scheme supports:
- Housing development
- Economic growth
- Employment in construction
- Financial inclusion
- Urban improvement
The Faysal Bank Launches ‘Mera Ghar Mera Ashiana’ – SBP Subsidized Housing Scheme 2025 Begins helps address housing shortages and brings dignity to low-income families.
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Frequently Asked Questions (FAQs) about Faysal Bank Launches ‘Mera Ghar Mera Ashiana:
1. Is this scheme Shariah-compliant?
Yes, the financing is based on Islamic Diminishing Musharakah.
2. Can I apply if my income is low?
Yes, this scheme is designed specifically for low-income families.
3. What is the maximum financing tenure?
Up to 20 years.
4. Can freelancers apply?
Yes, freelancers and self-employed individuals can apply with income proof.
5. Can I buy a flat through this scheme?
Yes, any approved residential unit is allowed.
6. Do I need a co-applicant?
Co-applicant is optional but helpful for higher eligibility.
7. Is property valuation necessary?
Yes, valuation is required for approval.
8. Can I renovate my existing home?
Yes, limited financing is available for expansion and renovation.
Conclusion Mera Ghar Mera Ashiana Scheme
The Faysal Bank Launches ‘Mera Ghar Mera Ashiana’ – SBP Subsidized Housing Scheme 2025 Begins initiative is a powerful opportunity for families who want an affordable, Shariah-compliant, and secure home financing option. With low profit rates, flexible repayment, and simplified requirements, this scheme is an excellent choice for first-time buyers and low-income households. Anyone dreaming of owning a home should visit Faysal Bank and apply for this special subsidized financing facility.
