How to Apply for Apni Chat Apna Ghar scheme Loan in 2024

Last updated on October 8th, 2024 at 04:49 pm

Apply for Apni Chat Apna Ghar scheme Loan in 2024, The Apni Chat Apna Ghar scheme initiated by the Government of Punjab has joined the queue by providing houses to low-income families. This is a program that gives interest-free loans to help families build their homes, thus making the dream of owning a home a little bit easier to achieve. The Apni Chat Apna Ghar scheme inaugurated by the Chief Minister Maryam Nawaz covers the family needs receiving less than PKR 60,000 per month.

It extends interest-free loan facilities up to PKR 1.5 million availed for the construction of housing on plots up to 5 marlas in urban areas and 10 marlas in rural areas. The loan is repayable over seven years, and the installments have been kept at an affordable PKR 14,000 every month. It is targeting solving the housing issue in Punjab by offering a decent living environment to low-income people.

Advantages of the Scheme

1. No-interest loans: The major positive thing about this scheme is that it provides interest-free loans, which makes it easier for families to return the amount without any extra cost.
2. Affordable Monthly Installments: Around PKR 14,000 per month as an installment cost, which families can easily afford in their budgets while considering other essential expenses, such as education, utilities, and food.
3. Grace Period: The facility has a three-month grace period, within which no payments are expected, letting the family stabilize in its new space.
4. Support for Low-Income Families: This initiative is designed to target specifically low-income families and make them homeowners, hence making their living standards better.

Eligibility Criteria

To be eligible for consideration under the loan facility availed under , applications must meet the following criteria:

• Domicile: An applicant must be a permanent resident of Punjab, as mentioned on the CNIC.
• Income limit: The family income per month must not exceed PKR 60,000.
• Land Ownership: Ownership of a plot of land, on which the applicant intends to build a house, and the dwelling unit should be within the size of up to 5 marlas in urban areas and 10 marlas in rural areas.
• No Previous Loans: The applicants must have no outstanding loans with any bank/DFI.
• Criminal Record: The applicant must not have any serious crime record or activities against the state or society.
• NSER : The applicants must be registered in the NSER.

How to Apply For Apni Chat Apna Ghar Scheme Loan 

If you want to Apply For Apni Chat Apna Ghar Scheme Loan then know that its pretty easy.

Here’s a step-by-step guide for application.

Step 1: Access Official Portal

• Access the official web portal at acag.punjab.gov.pk. 
• The portal has been created to apply and make the process of application quite easy for the interested candidate.

Step 2: Online Registration

• Fill up the Registration Form You have to provide information on full name, CNIC number, CNIC number of your father or husband, gender, email address, and mobile number.
• Choose your location-division, district, and city.
• Create Password: Enter your selected user password to complete the registration process.
• Submit Form: Tap on the “Submit Registration” form after filling in all the important fields.

Step 3: Application Form Filling-up

After that, a form of certificate will be sent to you.

Here’s what you need to do:

• Filling an Application Form: You shall fill in all the requirments. You must provide your information regarding land ownership and family income.
• Uploading Required Documents: The portal might require uploading a copy of your CNIC, your proof of income, and other documents.
• Review and Submission: Go through all the details you have provided in the form and submit your application.

Step 4: Confirmation

• You send off your application in the next step. After sending off your application, you get confirmation of whether your application has been approved or rejected. 
• The permit application and documents are reviewed by the authorities that deliver permits and licenses. In case it gets approved, you are informed about the further steps.

Important Documents Required

While applying to the loan under the scheme you shall have to prepare the following important documents:

• Computerized National Identity Card: An attested copy of your CNIC is the key element for identification.
• Income Proof: Any document which would justify your monthly income, like your salary slips or bank statements.
• Documents of Land Ownership: Proof of ownership of the plot on which a person intends to construct his house.
• NSER Registration: Proof of your registration in the National Socio-Economic Registry.

Conclusion

The scheme is a great opportunity for low-income families in Punjab to fulfill their dream of owning a house. Basically it has been devised with an aim to better the living standards of a large number of families by offering interest-free loans with affordable monthly installments. By following the above simple application procedure, the eligible candidates can apply for Apni Chat Apna Ghar scheme Loan thereby come closer to their dream house. Whether one applies online or uses the toll-free number for help, the government will make this process easier in any possible way.

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