Easy Home – Low Cost Housing Finance Scheme
Easy Home – Low Cost Housing Finance Scheme offers convenient and affordable options to fulfil your needs to construct and first purchase newly built affordable housing units in a completely Shariah-compliant way using Diminishing Musharakah mode of financing.
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.
Processing Charges
| Type of Charges | Salaried | Businessmen |
| Processing Charges | PKR 8,000 | PKR 8,000 |
| FED on Processing 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 YearsMaximum 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. Mohammad Shahid
(Regional Manager – HF Sales (South))
Cell No: 0332-2221891
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. Syed Kamran Haider
(Senior Relationship Manger)
Cell No: 0304-0920518
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
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
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 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
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
Dubai Chowk Branch (Bahawalpur)
Dubai Chowk Branch, Bahawalpur
PABX No. 062-2889417-18 Ext # 105
