Overview

• The program targets low- and middle-income first-time homeowners who hold valid CNICs and do not own a housing unit.
• Financing will be offered nationwide through commercial banks, Islamic banks, microfinance banks, and HBFCL.
• Eligible uses include purchasing or constructing a house or flat, or buying a plot plus construction, within caps of up to five marlas for houses or 1,360 square feet for apartments.
• End-user rates are fixed at 5% for loans up to Rs2 million and 8% for loans above Rs2 million and up to Rs3.5 million, with tenors up to 20 years and a 10% borrower equity requirement.
• The government will provide a markup subsidy and 10% first-loss guarantee, banks will price at 1‑year KIBOR + 3% with no processing charges or prepayment penalties, and SBP says the subsidy and guarantee payment mechanism will be shared later.