Meezan Bank Easy Home: Mera Pakistan Mera Ghar [Guide]

Mera Pakistan Mera Ghar is now offered as Easy Home by Meezan bank. The low-cost Housing Finance Scheme is a convenient and affordable scheme offered under the PM’s Naya Pakistan Housing Scheme.

Meezan Bank Easy Home: Mera Pakistan Mera Ghar [Guide]

Meezan Banks’ Easy Home is a completely Shariah-compliant way using Diminishing Musharakah mode of financing.

Meezan Easy home is Islamic Home finance which is completely interest (Riba) free. The customers will be in joint ownership of the property through Diminishing Musharakah. By this Meezan Bank will share in the cost of the house being purchased.

The Bank will provided a certain amount of financing and the applicant will agree to pay in monthly installments. The applicant will only become a sole owner after clearing all the amount in due course of time.

Read more: Mera Pakistan Mera Ghar Loan Application [Complete Information].

Product Features and Benefits

TiersSize of Housing UnitMax. Price of Housing UnitMax. FinancingMin. Contribution from CustomerRental Rate
Tier 1 (T1)(NAPHDA Projects)House Unit/Apartment of upto 125 sq. yd. (upto 5 Marla) with covered area of upto 850 sq. ft.Rs.3.5 millionRs. 2.7 Million10% of property value5% (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 sq. yd. (upto 5 Marla) with covered area of upto 850 sq. ft.Rs.3.5 millionRs.3.0 million10% of property value5% (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 sq. yd. (10 Marla) or Apartment with covered area from more than 850 sq. ft. to 1,100 sq. ft.Rs.6.0 millionRs. 5.0 million15% of property value7% (fixed) for first 5 years and 9% (fixed) for next 5 years.
For period exceeding 10 years = 1 year KIBOR+4%

Financing : For Ten, fifteen and twenty years, depending upon choice of customers.

Meezan Bank Easy Home – Key Features

Basic Eligibility Criteria

Application Form

To download application for clink the link below:

Apna Ghar Application Form

Required Documents

Documentation Requirement – Salaried Segment

Formal Sector Employees

Informal Sector Employees

In case the customer is employed in the informal sector, one of the following documents shall be required to assess the customer based on proxy income or repayment surrogates, for example:

Documentation Requirement – Self Employed

Formal Sector Self Employed

Proof of Business (stating ownership and length of business) for example:

Income assessment document

Account Maintenance Letter along with at least recent 6 months Bank
Statement – Original


Informal Sector Self Employed

In case customer is employed in informal sector, one of the following
documents shall be required to assess customer based on proxy income or
repayment surrogates, for example:

Documents for Bank’s Internal Use

*Stage-ll documentation requirement


  1. NAPHDA and/or the relevant financial institution(s) may require additional information as may be required by
    NAPHDA or any other law/regulation.
  2. The above list of Documentation Requirements for Salaried and Self Employed are relevant to the application
    stage of end-user mortgage financing. The documentation requirements and legal formalities to be fulfilled,
    after the facility application has been approved by the relevant financial institution(s), such as legal
    documentation required to be stamped, signed, and witnessed at the time of signing of /disbursement, maybe
    prescribed separately

Download the copy of the list of documents needed by Meezan bank click the link below:

Documents Required

Payment Plan

Approximate monthly payments*

Financing amountRs. 10 LakhsRs. 20 LakhsRs. 30 LakhsRs. 40 LakhsRs. 50 Lakhs
Monthly payment6,60013,19919,79931,01238,765

(Monthly payments mentioned above are for the first five years, based on 20 years financing period.)
*Terms & conditions apply.

Frequently Asked Questions—Markup Subsidy Scheme for Housing Finance

  1. Can financing under the facility be utilized for the purchase of the plot?
    A plot of land can only be purchased under the facility if a
    house is to be constructed on the plot and financing is
    meant both for purchase of land and construction
    thereon provided all other terms and conditions of the
    facility including a maximum price of house and maximum
    loan under the relevant tier is complied with.
  2. How can the first time homeownership be established?
    In order to establish first-time homeownership, financing
    the bank will obtain an undertaking to the same effect from
    its borrower/customer with necessary provisions for
    termination of subsidy and other penalties, in case it is
    established at a later stage, that the borrower/ customer
    owned a house at the time of application for availing
    subsidy facility.
  3. Is the financing also available for the purchase of flat?
    Yes, financing will be available for the purchase of a flat which
    meets covered area requirements specified for ‘apartment’ under the Facility.
  4. Is the financing for expansion/extension in the existing housing unit allowed?
    Yes, financing will be available for expansion/extension of existing housing unit provided the housing unit after expansion/extension falls within the criteria specified under the facility.
  5. Can financing under the scheme be utilized for the renovation of the
    existing residential unit?

    No, financing for the renovation of existing housing unit will not be allowed under the facility.
  6. Is bank staff eligible to avail the financing under this facility?
    No, bank staff is not eligible under the facility
  7. What does a new house mean? New house/ apartment/ flat means a unit, not more than 1 year old from he date of application, as established by Completion Certificate.
  8. What does the first purchase mean? The first purchase means the first transfer of the house/ apartment/ flat.
  9. How much income of co-borrower can be clubbed and how many co-borrowers/applicants are allowed?
    In the case of co-applicants, 100% income of co-applicants may be clubbed for credit assessment. Up to four co-applicants are allowed for a single housing unit.
  10. While availing of the markup subsidy, is it allowed to sell or rent out the residential unit?
    Homeowners will not be allowed to sell the housing unit before the xpiry of 5 years from the date of acquisition. Further, during this period, he/she will not be allowed to rent out the financed housing unit.
  11. What is the difference between Tier 1 (T1) and Tier 2 (T2)?
    The residential units announced by NAPHDA fall under Tier 1 (T1). All other residential units with the same specifications/measurements fall under Tier 2 (T2).
  12. What would be the size of housing units under Tier 3 in terms of Marla?
    Housing units under Tier 3 are required to be greater than 5 Marla but up to 10 Marla.
  13. In case the plot size of the housing unit is 5 Marla but the covered area is more than 850 square feet, what would be its classification in terms of Tiers defined in the scheme?
    The housing units of up to 5 Marla with a covered area of more than 850 square feet and up to 1,100 square feet will be covered under Tier 3 (T3).
  14. What Loan-to-Value (LTV) ratio should be observed while extending financing under the scheme?
    The housing finance under Tier 1 and Tier 2 shall be provided at a maximum LTV ratio of 90:10 whereas it is 85:15 for Tier 3.
  15. Will the markup subsidy be available even after the loan is classified as a loss?
    Markup Subsidy will be discontinued on the categorization of a loan as “Loss”.
  16. Is unequal monthly installment for the repayment of loans allowed under the scheme?
    The repayment of financing under this Facility will be in equal monthly installments.
  17. Will there be any prepayment penalty?
    In the case of early payment, banks will not charge a penalty to the customer.
  18. Which KIBOR shall be used for loan pricing?
    The KIBOR used for pricing will be One Year KIBOR to be reset every year.
  19. Is the pricing spread for banks mentioned in the scheme fixed for
    each Tier?

    The spread mentioned in the scheme for each Tier is the maximum spread. Banks may opt for less spread.
  20. Can banks obtain documents in addition to the checklist provided by

    The financing banks will not require borrowers to provide documents in excess of the standard checklist of documents circulated by the Pakistan Banks’ Association.

Application Process

Meezan Bank Easy Home – Application Procedure

Also Check the Mera Pakistan Mera Ghar ‘Naya Pakistan Housing Scheme’ Loan facility by other banks

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