Meezan Bank Easy Home (Islamic Home Finance)

Suitable for: Pakistani individuals (salaried, self-employed, non-resident Pakistanis) looking to purchase, construct or upgrade a home with Shariah-compliant financing.

Purpose / Eligible uses:

- Purchase of a new or existing house or apartment

- Construction of a house on owned land

- Purchase of land and construction of a house

- Home renovation or extension (e.g. adding guest rooms, attached bathrooms, kitchens, etc.)

- Upgrading property to meet homestay and tourism standards

Indicative financing limit: As per Meezan Bank’s policy; the amount depends on the value of the property and applicant’s income. Applicants must confirm the latest limits from Meezan Bank.

Tenor / Repayment period: Financing tenor can extend up to 20 years or more depending on the product. Exact duration is subject to bank policy and the applicant’s repayment capacity.

Mark‑up / Profit rate: Based on Diminishing Musharakah (co-ownership) with variable profit rate linked to 1‑year KIBOR plus bank’s margin. Rates may change; applicants should verify the current profit rate from the bank.

Security / Collateral requirement: Mortgage of the financed property. Additional collateral may be required as per bank policy.

Key eligibility conditions:

- Pakistani national with valid CNIC or NICOP

- Age within bank’s defined range (for salaried and self-employed) at the time of application and maturity

- Salaried or self-employed with verifiable, regular income meeting the minimum threshold set by the bank

- Permanent employee with minimum length of service or established business with minimum operational history

- Adequate debt burden ratio and ability to provide required equity / down payment

- Property located in bank-approved city and meeting legal and technical criteria

Required documents:

- Duly completed financing application form

- Copy of CNIC / NICOP of applicant and co-applicant

- Recent passport-size photographs

- Proof of income (salary slips, employment letter, business financials, tax returns or bank statements)

- Latest bank statements

- Property documents (title deed, sale agreement, sanctioned building plan, tax receipts, etc.)

- Any other document required by Meezan Bank

Official resource link: [Meezan Bank Easy Home – Islamic House Finance](https://www.meezanbank.com/easy-home-islamic-house-finance/)

Important note: The above information is provided for guidance only. Financing limits, profit rates, tenors, eligibility criteria and documentation may change without notice. Applicants must confirm all details directly with Meezan Bank or through its official channels before applying.

The information provided here is for guidance only. All financing limits, profit rates, tenors and eligibility criteria are subject to Meezan Bank’s current policies and may change over time. Applicants should confirm the latest terms, documentation requirements and application process directly with Meezan Bank before applying.