Important Update for ACAG CM Loan Scheme 2025 Payment Rebate
The Government of Punjab has announced an important update for people who are part of the Apni Chhat Apna Ghar (ACAG) CM Loan Scheme. Borrowers can now get a special payment rebate if they pay back their loans earlier than the planned schedule. This step is made to help families save money and reduce the stress of long-term payments.
In this article, we will explain what the rebate is, how it works, and how you can benefit from it. The language is kept simple so that every person can understand this important update. Check PM Housing Loan Scheme by SBP.
ACAG CM Loan Scheme 2025 Payment Rebate
The rebate is a discount on your loan amount if you pay it off before the set time. It means that if you clear your full loan early, the government will reduce part of the total money you need to pay. This is a reward for finishing your payments sooner.
ACAG CM Loan Scheme 2025 Payment Rebate Details
The government has set two rebate levels for borrowers of the ACAG loan scheme:
- If you pay your loan within 1 to 3 years, you will get a 20% rebate on the outstanding loan amount.
- If you pay your loan within 4 to 6 years, you will get a 10% rebate on the outstanding loan amount.
This means the earlier you pay, the more you save.
Example to Understand
Suppose you took a loan of Rs. 1,000,000.
- If you pay it fully in 2 years, you will get a 20% rebate, which is Rs. 200,000. So you only pay Rs. 800,000 in total.
- If you pay it fully in 5 years, you will get a 10% rebate, which is Rs. 100,000. So you only pay Rs. 900,000 in total.
This shows how early payment makes a big difference.
Calculate Online ACAG CM Loan Scheme 2025 Payment Rebate
ACAG Early Payment Rebate Calculator
Estimate your rebate for a full and final early pre-payment.
PKR 0 rebate on your outstanding principal.
Net to pay after rebate: PKR 0
Note: This is an estimate. Actual eligibility and amounts are confirmed by your lender.
Why This Rebate Matters
- Saves money: Families can reduce their overall loan burden.
- Encourages quick repayment: The scheme motivates borrowers to pay earlier if they can.
- Financial freedom: Clearing loans earlier gives peace of mind and allows families to use their income for other needs.
- Government support: It shows that the government is serious about helping people not just in getting loans but also in saving money.
Who Can Benefit?
Any borrower under the ACAG CM Loan Scheme can benefit if they:
- Have an outstanding loan.
- Are ready to pay the full amount before the set period.
- Want to reduce the total cost of their loan.
This offer is not limited to a special group. It is open to all people who took the loan under this program.
Steps to Avail the Rebate
If you want to get this rebate, you should follow these simple steps:
- Check your outstanding loan amount: Contact the bank or institution that gave you the loan.
- Plan your repayment: Decide if you can manage to pay the full amount within 1 to 3 years or 4 to 6 years.
- Deposit the final amount: Clear your loan in one full payment.
- Get confirmation: After your payment, the institution will confirm your rebate and issue the final clearance.
Tips for Borrowers
- Try to save extra money every month if you want to pay early.
- If you get a bonus, inheritance, or any extra income, use it to reduce your loan.
- Always ask for written proof when your loan is marked as cleared and the rebate applied.
Why the Government Added This Option
The rebate system has two purposes. First, it makes repayment easier and lighter for families. Second, it reduces the risk of unpaid loans for the banks and government. By encouraging people to pay earlier, the system stays strong and more families can be helped in the future.
Final Words
The Early Payment Rebate in the ACAG CM Loan Scheme is a golden chance for borrowers. It allows you to save money if you repay your loan earlier than planned. A 20% rebate is offered for repayment within 1 to 3 years, while a 10% rebate is offered for repayment within 4 to 6 years.
This update is proof that the government is trying to make housing loans more affordable and fair for the people of Punjab. If you can manage early repayment, this is the right time to take advantage of the scheme and reduce your financial load.
