If you found this page informative, share it now!

Easy Home - Mera Pakistan Mera Ghar

Easy Home - Mera Pakistan Mera Ghar offers convenient and affordable options to fulfill your needs to construct and purchase built affordable housing units in a completely Shariah-compliant way using Diminishing Musharakah mode of financing.

Watch Mr. Irfan Siddiqui - Founding President & CEO, Meezan Bank talk about the Mera Pakistan, Mera Ghar Low Cost Housing Finance Scheme and explain why people should avail this Shariah-compliant scheme.

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 upto 125 sq yds (5 Marla) with maximum covered area of 850 sq ft
  • Flat/apartment with maximum covered area of 850 sq ft
Rs. 3.5 Million Rs. 2.7 Million 10% of property value
  • 2%(fixed) for year 1 to year 5
  • 4%(fixed) for year 6 to year 10
  • 5%(fixed) for year 11 to year 15
  • For period exceeding 15 years = 1 year KIBOR+2.5%
Tier 2 (T2) (Non-NAPHDA Projects)
  • House upto 125 sq yds (5 Marla)
  • Flat/apartment with maximum covered area of 1,250 sq ft
No Cap Rs. 6 Million 15% 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 upto 250 sq yds (10 Marla)
  • Flat/apartment with maximum covered area of 2,000 sq ft
No Cap Rs. 10 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 Minimum 05 years & maximum 20 years financing tenure, depending upon choice of customers

Provincial Central Data Bank

All Approved/UnApproved Housing Societies/Schemes/Projects

Great Opportunity to Avail Shariah-Compliant Home Financing


Emaar Apartment Financing (Karachi)

View Details

Oasis Park Residencia Financing (Karachi)

View Details

Chapal Courtyard Financing (Karachi)

View Details

Chapal Uptown Financing (Karachi)

View Details

North Town Residency (Karachi)

View Details

Basic Eligibility Criteria

Citizenship

All Pakistani National ( Resident or Non Resident) holding CNIC / NICOP

Home Owner

First time home owner

Housing Finance Facility

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

Unit to Be Financed

Construction and Purchase of 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.
Age of Housing Units

Newly constructed housing units during last one year from the date of application. However, this requirement will not be applicable till March 31, 2023 under Tier 2 and Tier 3

Note: In line with State Bank of Pakistan's regulatory requirement, negative history (i.e. overdue/ late payment/ write-off/ waiver) of consumer/individual customers will be reflected in e-CIB reports for two years after settlement.

Products

Buy a House

Easy Buyer

First purchase of a newly constructed residential property (Apartment/Flat/House)

Build a House

Easy Builder

  • Type 1(A) - Residential Construction on Applicant’s Owned Land
  • Type 1(B) - Purchase of Land & Residential Construction
  • Type 2 - Expansion/Extension of existing Residential Housing Unit

Processing Charges

Type of Charges Salaried Businessmen
Processing Charges PKR 4,000 PKR 4,000
FED on Processing [email protected] 16%** PKR 640 PKR 640
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 its branch network
Age of Applicant / Co-applicant
  • Minimum Age 20 Years
  • Maximum Age 65 years or retirement age as per the employer - at financing maturity
Monthly Income
  • No minimum income required
Employment / Business Tenor
  • Minimum employment / business tenure: 3 years
Co-applicant Income Clubbing
  • 100% Clubbed (upto four *co-applicants are allowed for income clubbing)
  • *(Co-applicant must be immediate family member i.e. spouse, parents, adult children, brothers & sisters only)

Debt Burden Ratio (Payment Burden Ratio for Islamic)
  • Maximum upto 45%
All the Meezan Bank branches are designated for the Mera Pakistan, Mera Ghar Scheme.

Contact our Dedicated Representatives

Mr. Muhammad Yasir

(Relationship Officer)
Cell No: 0304-1927467

Clifton Hub (Karachi)

Address: 3rd Floor, Al-karam Centre,
Plot No. BC 1, Block – 7, Clifton, Karachi.

Syed Imran Ali

(Relationship Officer)
Cell No: 0304-1927472

Clifton Hub (Karachi)

Address: 3rd Floor, Al-karam Centre,
Plot No. BC 1, Block – 7, Clifton, Karachi.

Mr. Zeeshan Khan

(Relationship Officer)
Cell No: 0304-1927475

Clifton Hub (Karachi)

Address: 3rd Floor, Al-karam Centre,
Plot No. BC 1, Block – 7, Clifton, Karachi.
PABX No. 021-38103500, 021-37133500

Mr. Muhammad Ehtisham

(HUB Manager Lahore - HF)
Cell No: 0304-0920521

Gulberg Housing Hub Branch (Lahore)

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

Mr. Osama Ashraf

(Relationship Officer)
Cell No: 0335-00510078

Consumer Center North (Rawalpindi / Islamabad)

Address: Jinnah Avenue , Blue Area Islamabad.

Mr. Khizer Abbas

(Relationship Officer)
Cell No: 0300-7858738

Consumer Center North (Rawalpindi / Islamabad)

Address: Jinnah Avenue , Blue Area Islamabad.

Mr. Ahmed Habib Ullah

(Relationship Officer)
Cell No: 0332-5651774

Consumer Center North (Rawalpindi / Islamabad)

Address: Jinnah Avenue , Blue Area Islamabad.

Mr. Muhammad Asif

(Hub Manager)
Cell No: 0304-0920526

Consumer Center North (Rawalpindi / Islamabad)

Address: Jinnah Avenue , Blue Area Islamabad.

Mr. Muhammad Irfan

(Hub Manager)
Cell No: 0300-7203505

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. Rauf Javed

(Hub Manager)
Cell No: 0300-6356323

Dubai Chowk Branch (Bahawalpur)

Address: Dubai Chowk Branch, Bahawalpur

Mr. Muhammad Ayaz Khan

(Branch Coordinator – House Finance)
Cell No: 0335-2526404

Consumer Center North (Peshawar)

Address: 1st Floor, Khattak Plaza, University Road Branch, Peshawar