Do you own a land and do not have enough resources to built a house? CM Punjab Maryam Nawaz announced House Loan Scheme for Punjab citizens to build their own houses.
This scheme will allow you to take loan from Punjab Government and build house of your dreams. The terms and conditions will be simple and the process will be hassle-free
Previously, Maryam Nawaz announced Apna Chat Apna Ghar Scheme for Punjab residents living in rental houses and for those who even do not own land or plot for house.
Objectives of CM Punjab House Loan Scheme
The main objective of CM Punjab house loan scheme is to facilitate people to build their houses and to provide financial relied amid escalating inflation.
This scheme is specifically designed for those who own a plot or land but do not have enough amount to built a house on it. Punjab Government will facilitate them.
Eligibility Criteria for house loan scheme
Those who own 1-5 marla land in urban areas or 1-10 marla land in rural areas and have a valid CNIC are eligible to apply. They will get Rs. 1.5 million to build their houses.
For the first three months, they won’t have to pay a single penny. After that, they will pay a monthly instalment of Rs.14000. The process will be smooth and hassle-free and instalments will be interest-free.
| Sr. No | Eligibility Criteria |
| 1 | Applicant must be head of family (as per NADRA record) |
| 2 | Permanent Punjab Resident |
| 3 | Land owner at the time of application |
| 4 | No criminal record |
| 5 | No loan defaulter history |
| 6 | NSER registered and have a PMT score of 60 or less |
Apply Online for house loan scheme
Registration link has been provided and you need to enter basic details of your personal information, your complete address and password confirmation.
After registration, you can log in to portal and then fill further details. You can apply online for housing loan scheme through PITB online portal or can call helpline number 080009100 for further guidance or assistance. Registration and online application has begun.
Maryam Nawaz specially instructed to keep the process of application and loan simple and fast. Three months grace period has also been added upon her instructions.
Main features of this scheme
Expected Outcomes of Punjab Housing Scheme 2024
Following are the outcomes Punjab Government is opting to achieve through this scheme:
- Better living conditions for middle-class families.
- Easy access to basic necessities of life
- To reduce overcrowding in conjusted spaces
- To maintain positive social impact
- Jobs creation
- Economy boost
- Community boost
Digital assistance for this scheme
Technology assistance will help a lot to execute the scheme and make the whole process smooth and hassle-free. PITB will make sure the whole process is transparent and purely on merit.
The loan distribution plan among districts has been released and you can view it but clicking here. Registration process has been started.
