Flexibility and Variety to meet you requirements

Flexible Financing Tailored to Support You

• High financing amounts
• Adequate financing against property value
• Flexibility to make partial prepayments
• Minimal processing charges
• Affordable and competitive instalment amounts with a regular reducing monthly rental

Rate relaxation for select MNCs & LCGs 
Quick Processing Time

Absolutely hassle-free. Quick turn-around-times, with no burdensome complexity or excessive paper work. It is simple, halal, and easy! Click here for details

Even the eligibility is Easy!

We at Meezan Bank, as prescribed by Islamic Shariah, seek to guarantee equal access to financing for all qualified applicants, while ensuring that the qualification process is bias-free. Click here for details

Non Resident Pakistanis

Non Resident Pakistanis can apply with peace of mind for the fastest processing of their case.

Special Offer for Chartered Accountants

Qualified Chartered Accountants and Corporate CFOs can avail discounted rates and flexible repayment option with no pre-payment charges on early payment either partially or full.

Special Offer for Easy Replacement Cases

Why pay high instalment on high rate? Transfer your existing home finance facility to Meezan Bank and avail attractive profit rate with flexible payment options. No pre-payment charges on early payment either partially or in full.

Payment Plans

 Step-up-Model

The Step-up Payment plan is introduced for customers who intend to avail maximum financing facility with lower instalments. The step up model is based on Shariah-compliant structure of Diminishing Musharakah. In this model, the bank’s share is divided into Musharakah units and in the initial half of the facility tenure, the customer purchases one Musharakah unit from the bank every month and in the later half of the facility tenure, the customer purchases two Musharakah units from the bank every month. Thus the monthly instalment during initial years is comparatively lower which is easily affordable. This model is a Shariah-compliant alternative available to the customers who wish to avail maximum financing facility from the Bank.

 UMI Model

Easy Home is structured under the concept of Diminishing Musharakah where Meezan Bank and Customer enter into a Musharakah Agreement whereby both the parties provide their investments to be utilized for the purposes of purchase/construct/renovate the property. The Joint ownership is created in the property between Bank & customer by virtue of the Musharakah agreement. (This is based on the principle of Shirkat ul Milk) Bank’s share is divided into units and is given to the Client on rent and Client promises to purchase Bank’s share (units) over the tenure of transaction Client purchases the units every month and will eventually become the owner of the property. Rental amount is adjusted according to the bank’s share (units) remaining in the property. In UMI , the Musharakah unit price remains constant through out the financing period.

Repayment Frequency and Mode

Monthly instalments, through Direct Debit of customers account maintained at any branch of Meezan Bank Ltd.

 Profit Calculations

 Meezan Bank's Profit margin is correlated to the conventional mortgage market trends

At Meezan Bank, the profit margin is directly correlated to market trends to provide a competitive product to our customers. Shariah allows the use of any conventional market factor as a benchmark to determine the profit rate of a particular product. The mere fact that the applied profit rate of our product is based on similar factors used in determining the applied rate of interest of a mortgage does not render the transaction or the contract invalid from the Shariah perspective, and neither does it make the transaction an interest-bearing one. On the other hand, it is the underlying structure of the product that determines its Shariah compliance.

Fixed – 1st Year : K * + 3.00 % p.a
Annual Re-pricing : K ** + 3.00 % p.a.
(Floor 8.00% p.a. and Cap 30% p.a.) 

Fixed – 1st Year : K * + 4.00 % p.a
Annual Re-pricing : K ** + 4.00 % p.a.
(Floor 8.00% p.a. and Cap 30% p.a.

* For first year Fixed Rate, “K” denotes KIBOR (Karachi Inter Bank Offer Rate), announced on 1st working day of each calendar month.
** For annual revision, “K” denotes 90 days average of 12-month KIBOR (Karachi Inter Bank Offer Rate), announced for each calendar quarter by the Bank.

• Additional Unit Purchase
  Additional units will be revalued at 3%

• Revision of Profit Rates
  Profit rates will be revised annually on Account Anniversary