Overview
- Prime Minister Shehbaz Sharif launched the nationwide scheme Thursday, targeting 500,000 homes over five years with Rs3.2 trillion in financing.
- The first year aims for 50,000 units backed by about Rs321 billion, and initial cheques were handed to approved borrowers at the launch.
- Borrowers can apply for Rs2.5 million to Rs10 million with repayment up to 20 years at a fixed 5% rate for the first 10 years before moving to market rates.
- The State Bank capped monthly debt payments at 65% of disposable income, allowed in‑house valuations for properties up to Rs5 million, and set a 15 working‑day limit for credit approvals.
- Eligible applicants with a valid national ID and no loan default can apply through commercial and Islamic banks, microfinance banks or HBFCL under 90% government backing, with joint oversight by the SBP and the Pakistan Housing Authority Foundation.