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Easy Home - Low Cost Housing Finance Scheme

Easy Home - Low Cost Housing Finance Scheme offers convenient and affordable options to fulfill your needs to construct and first purchase newly built affordable housing units in a completely Shariah-compliant way using Diminishing Musharakah mode of financing.

Product Features & Benefits

Naya Pakistan Housing & Development Authority (NAPHDA)

Tiers Size of Housing Unit Maximum Price of Housing Unit Maximum Financing Minimum Contribution from customer Rental Rate
Tier 1 (T1) (NAPHDA Projects) House Unit / Apartment of upto 125 square yards (upto 5 Marla) with covered area of upto 850 square feet Rs. 3.5 Million Rs. 2.7 Million 10% of property value
  • 5% (fixed) for first 5 years and 7% (fixed) for next 5 years.
  • For period exceeding 10 years = 1 year KIBOR+2.5%
Tier 2 (T2) (Non-NAPHDA Projects) House Unit / Apartment of upto 125 square yards (5 Marla) with covered area of upto 850 square feet Rs. 3.5 Million Rs. 3.0 Million 10% of property value
  • 5% (fixed) for first 5 years and 7% (fixed) for next 5 years
  • For period exceeding 10 years = 1 year KIBOR+4%
Tier 3 (T3) (Non-NAPHDA Projects) House Unit of more than 125 square yards upto 250 square yards (10 Marla) or Apartment with covered area from more than 850 square feet to 1,100 square feet Rs. 6.0 Million Rs. 5.0 Million 15% of property value
  • 7% (fixed) for first 5 years and 9% (fixed) for next 5 years
  • For period exceeding 10 years = 1 year KIBOR+4%
Financing Tenure For ten, fifteen and twenty years, depending upon choice of customers .

Basic Eligibility Criteria

Citizenship

All Pakistani nationals holding CNIC

Home Owner

First time home owner, one unit per household

Housing Finance Facility

An individual can have subsidized housing finance facility under this scheme only once

Unit to be Financed

Only for construction and first purchase of newly constructed affordable housing units

Collateral Security Requirement
  • NAPHDA Projects: Trust will be responsible for the title documents.
  • Non -NAPHDA Projects: As per Banks’ credit policy and prudential regulations for housing finance, the financed housing unit will be mortgaged in favor of the financing bank.

Products

Buy a House

Buy a House

First purchase of newly constructed affordable housing units.

Build a House

Build a house

Easy builder allows you to get financing for Residential House on already owned land OR purchase of land & construction thereon.

Processing Charges

Type of Charges Salaried Businessmen
Processing Charges PKR 8,000 PKR 8,000
FED on Processing [email protected] 16%** PKR 1,280 PKR 1,280
Legal Report Charges At Actual At Actual
Property Valuation Charges At Actual At Actual
Income Estimation Charges N/A At Actual
Documentation charges are exclusive of above-mentioned charges and will be obtained at the time of signing of Musharakah Agreement according to the limits of financing.
**May vary as announced in provincial / federal budgets.

Key Qualification Criteria

Parameters Details
Allowable Financing Cities
  • All cities of Pakistan where Meezan Bank has it branch network
Age of Applicant / Co-applicant
  • Minimum Age 25 Years
  • Maximum Age 60 or retirement age as per the employer - at financing maturity
Monthly Income
  • Minimum PKR 25,000/- per month net disposable income
Employment / Business Tenor
  • Minimum employment / business tenure: 5 years
Co-applicant Income Clubbing
  • 100% Clubbed (upto 04 co-applicants are allowed for income clubbing)
Debt Burden Ratio (Payment Burden Ratio for Islamic)
  • Maximum upto 45%

Contact our Dedicated Representatives

Mr. Zeeshan Khan

(Relationship Officer)
Cell No: 0304-1927475
E-mail: [email protected]

Clifton Hub (Karachi)

Address: 3rd Floor, Al-karam Centre,
Plot No. BCI, Block – 7, Clifton, Karachi.
PABX No. 021-38103500, 021-37133500

Mr. Syed Kamran Haider

(Senior Relationship Manger)
Cell No: 0304-0920518
E-mail: [email protected]

Clifton Hub (Karachi)

Address: 3rd Floor, Al-karam Centre,
Plot No. BCI, Block – 7, Clifton, Karachi.
Dir. No. 021-99250696, PABX No. 021-99250691-94

Mr. Mujahid Rashid

(Regional Manager - HF Hub (Central))
Cell No: 0300-9496445
E-mail: [email protected]

Gulberg Housing Hub Branch (Lahore)

Address: Gulberg Branch, 60 Main Boulevard, Gulberg - II, Lahore.
Dir. No. 042-35757435-6, PABX. No. 042-35879870-2

Mr.Murtaza Mubbashir

(Regional Manager - HF Hub (North))
Cell No: 0304-0920524
E-mail: [email protected]

Consumer Center North (Islamabad)

Address: Mezzanine Floor, 33, Buland Markaz,
Jinnah Avenue, Blue Area, Islamabad.
Dir. No. 051-2271083, PABX No. 051-2871229 - 31

Mr. Muhammad Iqbal

(Relationship Manager)
Cell No: 0304-0920598

Consumer Center North (Rawalpindi / Islamabad)

Address: Jinnah Avenue , Blue Area Islamabad.

Mr. Muhammad Awais

(Relationship Officer)
Cell No: 0333-5477343

Consumer Center North (Rawalpindi / Islamabad)

Address: Jinnah Avenue , Blue Area Islamabad.

Mr. Shafique Muhammad Khattak

(Relationship Officer)
Cell No: 0333-5364427

Consumer Center North (Rawalpindi / Islamabad)

Address: Jinnah Avenue , Blue Area Islamabad.

Mr. Syed Kifayat Hussain

(Relationship Officer)
Cell No: 0304-1927445

Consumer Center North (Peshawar)

Address: University Road Branch, Peshawar.

Mr. Muhammad Irfan

(Hub Manager)
Cell No: 0300-7203505
E-mail: [email protected]

Saleemi Chowk Branch (Faisalabad)

Address: Meezan Bank Limited P-907-B, Saleemi Chowk
Peoples Colony # 01, Faisalabad
Dir. No. 041-8711963

Mr. Muhammad Aslam

(Hub Manager)
Cell No: 0300-6380586
E-mail: [email protected]

Nawan Shahar Branch (Multan)

Address: Nawan Shahar LMQ Road, Multan.
Dir. No. 061-4781554, PABX No. 061-4785604-07

Mr. Yasir Nadeem Butt

(Hub Manager)
Cell No: 0300-8686220
E-mail: [email protected]

Dubai Chowk Branch (Bahawalpur)

Dubai Chowk Branch, Bahawalpur
PABX No. 062-2889417-18 Ext # 105

Get Contacted By an Easy Home Representative

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