Rs1 Million Interest Free Loans Announced For House Repairs

The government has announced interest free loans of up to Rs1 million for homeowners to carry out repairs on their houses, officials said, in a move aimed at easing the financial burden of renovation and maintenance. The scheme is designed to help citizens improve their living conditions without having to pay additional interest charges on the borrowed amount.

Under the program, eligible applicants can apply for the loan and use the funds specifically for house repair and renovation work, authorities confirmed. This initiative is part of government efforts to support ordinary families by facilitating access to affordable financing options for essential home repairs.

Officials said the loans will be provided with no interest, making them more accessible to low‑ and middle‑income households that may struggle with high lending costs from commercial banks and other financial sources. The announcement has been welcomed by many who see it as a practical step toward improving living standards.

Homeowners interested in the scheme are advised to visit designated lending institutions or government offices to obtain details about eligibility criteria, required documentation, and application procedures. Authorities said that all information will be made available through official channels so that applicants can follow the proper process to apply for the loans.

Source: ARY News