PM House Loan Scheme 2026 – Apply Online for Affordable Home Financing

The Government of Pakistan, in collaboration with the State Bank of Pakistan (SBP), has launched the PM House Loan Scheme 2026, aimed at helping millions of first-time homeowners achieve their dream of owning a house. The initiative provides low-markup, long-term home loans for purchasing, building, or renovating a house through SBP-approved banks.

What Is the PM House Loan Scheme 2026?

The scheme is a key part of Pakistan’s low-cost housing vision, designed to assist low- and middle-income families who cannot afford high-interest loans. It focuses on first-time homebuyers, offering transparent, bank-led financing with long repayment tenures and fixed, affordable markup rates. “The goal is to reduce the housing shortage while supporting economic stability and urban development,” authorities said.

Key Benefits

The scheme offers borrower-friendly features, including:

• Low markup rates: 5%–8%
• Long repayment period: Up to 20 years
• Government subsidy: Markup difference covered by the government
• No hidden charges or prepayment penalties
• Access via multiple participating banks
• Priority for first-time homeowners

These benefits significantly ease monthly financial burdens for families.

Eligibility Criteria

Applicants must be Pakistani citizens aged 25–60, with valid CNICs, no prior home ownership, verifiable income, and a clean credit history. Only one application per family is allowed, and applications must be submitted through SBP-participating banks.

Required Documents

Applicants should prepare: CNIC, proof of income, bank statements, property or sale agreement papers, utility bills, passport-size photographs, and employment certificates. Banks may request additional documents depending on individual cases.

Loan Categories and Limits

The scheme includes three tiers:

• Tier 1: Up to Rs. 2 Million for low-cost housing
• Tier 2: Up to Rs. 3.5 Million for small homes/flats
• Tier 3: Up to Rs. 5 Million for urban housing units

Markup Rates and Repayment

• Tier 1: 5% fixed markup (first 10 years)
• Tier 2: 8% fixed markup (first 10 years)
• Loan tenure: Up to 20 years
• Equal Monthly Installments (EMIs) with prepayment allowed without penalty

The government subsidizes the difference between market rates and fixed markups.

Application Process

Applicants can visit any participating bank, fill out the PM House Loan application form, attach required documents, and submit for verification. Upon approval, agreements are signed, and funds are released. Some banks also offer online pre-application options.

Track Your Application

Application status can be tracked via the bank’s portal, CNIC or Application ID, SMS/email alerts, or direct contact with the bank branch. Status updates include Under Review, Approved, or Rejected.

Significance of the Scheme

The PM House Loan Scheme 2026 is crucial for reducing Pakistan’s housing shortage, supporting low- and middle-income families, promoting formal banking participation, and boosting construction and allied industries. For many citizens, it provides the most affordable route to homeownership.