Meezan Bank is committed to supporting this initiative of the GOP and providing Riba-free affordable, financing to the people of Pakistan. Monthly payments mentioned above are for the first five years, based on 20 years financing period. Monthly payment includes unit price and rent.
Meezan Easy Home Financing Scheme For Pakistani Citizen
For detailed terms and conditions. please visit your nearest branch or visit the official website. Housing Units/apartments of up to 125 square. yards /Five Marla with a covered area of up to 850 square feet.
Category | Tier 1 NAPHDA | Tier 2 Non-NAPHDA | Tier 3 Non-NAPHDA |
Housing Units |
Housing Units/apartments of up to 125 sq. yards / Five Marla with a covered area of up to 850 sq. feet |
Housing Units of more than 125 sq. yards up to 250 sq. yards /10 Marla or apartments with covered area from more than 850 sq. feet to 1,100 sq. feet |
|
Purpose | Only for construction and first purchase of newly constructed affordable housing units | ||
Financing Tenor | Up to 20 years | ||
Profit rate | First 5 years = 5% | First 5 years = 5% | First 5 years = 7% |
Next 5 years = 7% | Next5years = /% | Next 5 years = 9% | |
For periods exceeding 10 years = 1 year KIBOR+2.5% |
For periods exceeding 10 years = 1 year KIBOR-4% |
For periods exceeding 10 years = 1 year KIHOR-4% |
|
Maximum Price of | Rs. 35 Lakhs | Rs. 60 Lakhs | |
Maximum Financing | Rs. 27 Lakhs | Rs. 30 Lakhs | Rs. 50 Lakhs |
Terms & conditions apply.
Approximate monthly payments
Financing amount | Rs. 10 Lakhs | Rs. 20 Lakhs | Rs. 30 Lakhs | Rs. 40 Lakhs | Rs. 50 Lakhs |
Total monthly payment | Rs. 6,600/- | Rs. 13,199/- | Rs. 19,799/- | Rs. 31,012/- | Rs. 38,765/- |