The federal government has expanded the Apna Ghar Scheme by allowing Non-Banking Finance Companies (NBFCs) to participate in the housing finance initiative, a move expected to improve access to affordable home loans for thousands of Pakistanis.
The decision was approved following recommendations from the Securities and Exchange Commission of Pakistan (SECP). Officials believe the expanded Apna Ghar Scheme will make it easier for low- and middle-income families to secure financing, particularly those who were previously unable to obtain loans through traditional banking channels.
Under the revised framework, NBFCs and Investment Finance Companies can now offer housing loans of up to Rs10 million (Rs1 crore). At the same time, Microfinance Companies have been authorized to provide loans of up to Rs5 million (Rs50 lakh), giving more financing options to eligible applicants.
One of the key features of the Apna Ghar Scheme is its affordable financing structure. Borrowers will receive a fixed annual markup of just 5 percent for the first 10 years of the loan, significantly reducing the financial burden on families looking to buy or build their own homes.
The expansion is expected to benefit residents of remote and underserved areas where commercial bank branches are limited. Since NBFCs operate in a wider range of locations, many citizens who previously lacked access to banking services or did not meet conventional lending requirements will now have a better opportunity to apply for home financing.
The updated framework also allows NBFCs to work in partnership with banks and other financial institutions. This collaboration is expected to speed up the loan approval process, improve efficiency, and simplify financing for applicants.
The Apna Ghar Scheme has been introduced to help eligible families construct new houses, complete partially built homes, or purchase ready-to-move-in properties on affordable terms. Besides supporting homeownership, the initiative is also expected to strengthen Pakistan’s construction industry, encourage private investment, and create new employment opportunities.
With the latest expansion, eligible applicants can now access housing finance ranging from Rs2.5 million to Rs10 million under easier lending conditions. The government believes this step will significantly increase access to affordable housing and make the Apna Ghar Scheme one of Pakistan’s most impactful home financing initiatives.
Also Read: PM Orders Faster Loan Approvals Under Apna Ghar Scheme
