Buying your first home is a significant milestone. In 2025, Pakistan offers several home loan options designed to make this journey more accessible. Whether you’re a salaried individual, self-employed professional, or a non-resident Pakistani, understanding these options can help you make an informed decision.
1. Mera Pakistan Mera Ghar (MPMG) Scheme
The MPMG scheme aims to provide affordable housing finance to low- and middle-income families. First-time homeowners can avail subsidized loans with reduced markup rates. The scheme offers financing for the purchase of newly constructed affordable housing units, construction on already owned land, and purchase of land with subsequent construction. Eligible applicants can benefit from a 90:10 loan-to-value ratio, with no processing cost or pre-payment penalty.
2. Meezan Bank – Easy Home
Meezan Bank offers an interest-free home financing solution through its “Easy Home” product. This Shariah-compliant option operates on a diminishing Musharakah model, where both the bank and the customer jointly own the property. The customer gradually buys out the bank’s share, leading to full ownership. This model ensures that the financing is free from interest (Riba), aligning with Islamic principles.
3. UBL – Roshan Digital Account Home Financing
For non-resident Pakistanis, UBL offers home financing solutions under the Roshan Digital Account initiative. This scheme provides first-time homeowners with subsidized rates for purchasing newly constructed affordable housing units, constructing homes on owned land, or buying land with subsequent construction. The process is streamlined for NRPs, facilitating easier access to home loans from abroad.
4. HBL Islamic Home Finance
HBL offers Shariah-compliant home financing options, including the purchase of completed residential properties, construction of houses (including land purchase), renovation, and replacement of existing mortgage facilities. The financing limit ranges from PKR 2,000,000 to PKR 100,000,000, with payment tenures from 3 to 25 years. HBL provides both fixed and floating rental rates, along with property and life takaful for comprehensive financial protection.
5. BankIslami – MUSKUN Home Financing
BankIslami’s MUSKUN Home Financing offers flexible financing options ranging from PKR 200,000 to PKR 150,000,000, with tenures between 2 to 25 years. The bank’s investment ratio can be up to 75% for salaried individuals and self-employed professionals. This scheme caters to various needs, including home purchase, construction, renovation, and switching from conventional mortgage loans to Shariah-compliant financing.
6. Bank Alfalah Home Finance
Bank Alfalah provides home financing solutions for purchasing, constructing, renovating homes, and even installing solar systems. With flexible repayment tenures ranging from 3 to 25 years, the bank offers the option to include a spouse or blood relative for higher financing eligibility or co-ownership. Additionally, they provide life insurance and property insurance for complete financial protection.
7. House Building Finance Corporation (HBFC)
HBFC is a specialized financial institution focusing on providing affordable housing finance. They offer various loan products tailored for low- and middle-income groups, with a focus on quick processing and customer service. HBFC’s schemes are designed to cater to the specific needs of first-time homebuyers, ensuring a smoother transition into homeownership.
8. Akhuwat Foundation
Akhuwat Foundation is a non-profit organization that provides interest-free microfinance to individuals without access to formal financial services. Through its Islamic Microfinance program, Akhuwat has disbursed millions of loans to families across Pakistan, helping them achieve homeownership without the burden of interest. This initiative is particularly beneficial for those who may not qualify for conventional loans due to lack of collateral or formal income documentation.
Conclusion
For first-time homebuyers in Pakistan, 2025 presents a variety of financing options tailored to different needs and preferences. Whether you’re looking for interest-free Islamic financing, subsidized government schemes, or flexible repayment plans, there’s a solution to fit your circumstances. It’s essential to assess your financial situation, eligibility criteria, and long-term goals before choosing the right home loan. Consulting with financial advisors or bank representatives can provide personalized guidance to help you make an informed decision.
