Owning a Home Just Got Easier: Banks Waive Processing Fees on PM Apna Ghar Scheme!

SBP Waives Processing Fees for PM Apna Ghar Housing Loans

KARACHI – In a major push to make homeownership accessible, the State Bank of Pakistan (SBP) has confirmed that participating banks will no longer charge processing fees on housing loans under the Prime Minister’s Apna Ghar Housing Scheme.

The update was announced during an official SBP briefing on housing finance. The waiver aims to eliminate upfront financial barriers for first-time homebuyers across the country.

Key Features & Eligibility Criteria:

• Upfront Relief: Zero processing fees across commercial banks, Islamic banks, microfinance institutions, and HBFCL.
• Financing Amount: Maximum loan limit of up to PKR 10 million.
• Subsidised Rates: A discounted 5% markup rate for the first 10 years. For 20-year loans, standard market rates apply for the remaining 10 years.
• Broad Eligibility: Open to salaried professionals, individuals with documented business income, and Overseas Pakistanis.
• Joint Applications: Applicants can combine incomes with family members to increase total loan approval limits.