Non-bank financial companies allowed to offer loans under PM Apna Ghar Program

The federal government has allowed eligible non-bank financial companies (NBFCs) to participate in the Prime Minister’s Apna Ghar Program (PM-AGP), expanding the scope of the low-cost housing finance scheme beyond traditional banks.

The approval was granted on the recommendation of the Securities and Exchange Commission of Pakistan (SECP), the regulator said on Saturday.

Under the decision, non-bank housing finance companies and investment finance companies will be allowed to provide housing loans of up to Rs10 million under the programme. Eligible microfinance companies will be able to extend loans of up to Rs5 million.

The SECP said the move is aimed at improving access to housing finance for citizens who do not have conventional banking relationships, particularly in remote and underserved areas.

Borrowers under the programme will be able to obtain financing at a subsidised profit rate of 5% for the first 10 years.

The regulator said it has also issued the regulatory framework for NBFC participation in the scheme.

Under the framework, NBFCs may also provide housing finance in partnership with banks and other financial institutions.

The “Wazir-e-Azam Apna Ghar Program – Ghar Ho Tu Apna,” also known as the Prime Minister Apna Ghar Program, is a nationwide housing finance initiative launched by Prime Minister Shehbaz Sharif.

The programme was formally launched on April 30, 2026, after consultations with the private sector, the finance ministry and the State Bank of Pakistan (SBP). 

In the first year, the government has set a target to construct 50,000 houses with Rs321 billion in financing.