The Maryam Nawaz 15 Lakh Loan plan, commonly known as the “Apni Chhat Apna Ghar” plan, is a government-sponsored program that assists low-income Punjab families in building their own homes. This plan provides interest-free loans up to 15 lakh rupees, making it easier for households to cover building costs. If you match the eligibility conditions, you can apply online for financial support to build your house.
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| Key Features of the Loan Scheme | Details |
| Target Group | Low-income families in Punjab |
| Loan Amount | Up to 15 lakh rupees (interest-free) |
| Repayment Plan | 7 years with a monthly payment cap of 14,000 rupees |
| Property Size | 5 marla (urban) or 10 marla (rural) land |
Qualification Criteria for the Maryam Nawaz Loan Scheme
To be eligible for the Maryam Nawaz 15 Lakh Loan Scheme, you must meet certain requirements. The essential criteria is that you be a permanent resident of Punjab and have a parcel of land. In urban regions, land size should be between 1 and 5 marlas, but in rural areas, it can be up to 10 marla. Another necessary criteria is that you do not already own a home. This strategy is specifically designed for families that do not have their own homes.
Loan Details and Repayment Plan
The financing granted under this initiative is interest-free and totals 15 lakh rupees. The payback duration is seven years, including a three-month grace period. This implies that the first three monthly installments are waived, providing some financial relief. After the grace period, you will be required to make monthly installments of up to 14,000 rupees. This flexible repayment option helps low-income families manage their money while developing their houses.
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Required Documents for Application
Before applying, ensure that you have all of the essential paperwork. These documents will be used to determine your eligibility for the scheme. Below is a list of what you’ll need: Copy of your CNIC (front and back). Proof of Property Ownership Monthly Income Statement Bank statements for the past three months These documents guarantee that only eligible households that match the criteria get the loan.
How to enroll for the 15 Lakh Loan Scheme
Applying for the Maryam Nawaz Loan Scheme is simple and can be completed online. Follow the procedures below to apply: Access the Apni Chhat Apna Ghar site at acag.punjab.gov.pk. Create a new account with your CNIC, phone number, and email address. Fill out the application form and provide your personal and property information. Upload the necessary documents (e.g., CNIC, proof of property, etc.). Submit your application after reviewing all of the information. By completing these steps, you will be enrolled for the loan, and your application will be submitted for additional verification.
Selection Process and Loan Distribution
Once your application is received, the government will review your paperwork to determine whether you match the eligibility requirements. If chosen, you will receive a loan of 15 lakh rupees to assist with the construction of your home. The registration procedure has already received over 200,000 applications, with the intention of assisting 70,000 households in Punjab. Once verification is completed, the loan distribution will commence.
Loan Repayment Process
The loan is quick over a period of seven years. The first three months are a grace period in which you will not have to make any payments. After that, you would have to make monthly payments of up to 14,000 rupees. This flexible repayment plan guarantees that families may manage their finances without too much difficulty. Interest-free loan up to 15 lakh rupees 7-year repayment period, with monthly installments of 14,000 rupees. Grace period of three months for financial relief.
Conclusion
The Maryam Nawaz 15 Lakh Loan Scheme provides a fantastic opportunity for Punjab’s low-income families to build their own homes. This plan aims to help those in need of housing by offering a quick application process, an interest-free loan, and flexible payback terms. If you meet the eligibility requirements, acquire the necessary paperwork and apply via the official Apni Chhat Apna Ghar portal. This effort aims to improve the living conditions of thousands of households in Punjab.
