Meezan Bank rolls out Mera Ghar Mera Ashiana Islamic housing scheme

Mera Ghar Mera Ashiana scheme aims to make home ownership more affordable for Pakistanis

Business Desk - Nov 01, 2025

An undated image of Meezan Banks Mera Ghar Mera Ashiana scheme poster. — Meezan Bank — An undated image of Meezan Bank's Mera Ghar Mera Ashiana scheme poster. — Meezan Bank

The Government of Pakistan introduced a subsidised and risk-sharing programme on Wednesday under the title “Mera Ghar Mera Ashiana (MGMA)”, now being offered by Meezan Bank through its flagship product, Easy Home.

The Meezan Bank’s Mera Ghar Mera Ashiana scheme offers Shariah-compliant housing finance to build or purchase a home, allowing first-time buyers to purchase property through the Diminishing Musharakah mode of financing.

This allows the customer and the bank to share ownership of the property, with the customer purchasing shares of ownership from the bank over time until the property is owned outright.

Mera Ghar Mera Ashiana features

Tiers	Maximum Financing	Minimum Contribution from customer	Rental Rate
Tier 1	Up to Rs2 million	10% of property value	5% for first 10 years and variable at Kibor+3% for subsequent years
Tier 2	Above Rs2 million up to Rs3.5 million	10% of property value	8% for first 10 years and variable at Kibor+3% for subsequent years

Mera Ghar Mera Ashiana benefits

Financing Tenure	Maximum 20-year financing tenure.
Size of Housing Unit	House of up to 5 Marla or flat/apartment of up to 1360 sq ft.
Maximum Price of Housing Unit	No capping.

Mera Ghar Mera Ashiana charges

Type of Charges	Salaried	Businessmen
Processing Charges	NIL	NIL
Legal Report Charges	At Actual	At Actual
Property Valuation Charges	At Actual	At Actual
Income Estimation Charges	N/A	At Actual

This scheme is for resident Pakistani nationals with a valid Computerised National Identity Card (CNIC) who are looking to purchase or build their first residential home.

Meezan Bank has introduced two flexible options under this programme:

Easy buyer: for purchasing a constructed residential property such as an apartment, flat, or house.
Easy builder: for residential construction, including two types:

Type 1(A): Construction on applicant’s owned land.
Type 1(B): Purchase of land and subsequent residential construction.

Mera Ghar Mera Ashiana key qualification criteria

Parameters	Details
Allowable Financing Cities	All cities of Pakistan where Meezan Bank has its branch network
Age of Applicant / Co-applicant	In case of applicant & co-applicant (with income clubbing): Minimum 20 years and maximum 65 years* at the time of financing maturity. In case of co-applicant (without income clubbing): Minimum 20 years and maximum 70 years at the time of financing maturity. For salaried person, the age of applicant must not exceed 65 years OR retirement age, whichever is earlier. (Normal retirement age will be considered as 60 years if not mentioned otherwise).
Monthly Income	Minimum Gross Income Rs40,000 per month for all individuals
Employment / Business Tenor	Salaried individuals Permanent employment with a minimum 6 months of continuous work history in the same industry / field. For contractual employment, a minimum of 1 year continuous work history in the same industry / field along with having a total experience of 02 years. Self-employed / Business person Minimum 2 years in current business / industry.
Co-applicant Income Clubbing	100% income clubbing allowed (up to four co-applicants). Co-applicant must be immediate family member, i.e., spouse, parents, adult children, brothers or sisters only.