Meezan bank home loan eligibility criteria

Meezan Bank provides loans for building or buying a house in Pakistan
Meezan Bank provides interest free loans to all Pakistanis who do not have a private home and want to build their own.
Businessman Salary Person Professionals Dr. Eng. Government Employees and Private Employees
Meezan Bank provides loans for four purposes
1) To build a house ( This includes both plot purchase and house construction )
2 ) If you have a plot ( So a loan can be taken for the construction of a house )
3 ) To renovate the house
4 ) To replace the house

Meezan bank home loan fatwa

fatwa has been issued by Meezan Bank
Three major clerics have ruled that Meezan Bank’s home loan scheme is interest-free.
The bank will only charge the service charge from the customer

Meezan bank home loan eligibility criteria

Meezan Bank will provide loan to the customer on the following conditions

• Customer must have Pakistani nationality
• Customer must be between 25 and 65 years of age
• If two people are borrowing together ( So their age should be between 21 to 70 years )
• One man can take a loan and two men from the same family can take a loan
• Salary person’s monthly income should be up to 40,000
• The monthly income of a self-employed person And Businessman is up to 75,000
• The salaried person has been employed for at least 2 years and have a two-year employment history.
• The businessman and self-employed have been working in their industry for 3 years

Meezan bank home finance loan

Loan of Rs 0.5 million to Rs 50 million can be taken from Meezan Bank ( 5 lakh to 5 crore rupees )

Tenor : 3 to 20 year

The loan will be repaid in monthly installments of three to twenty years

Processing Fee : 8,000

Meezan bank home loan process

• Fill up the Complete application form And submit
• Attach the required documents along with the application form
• Meezan Bank will verify the customer’s home or office address
• The team will review all customer documents and the final report will be sent to the bank.
• Meezan Bank will seek legal opinion on the property documents you provide
• The bank will send the customer conditional offer letter after fulfilling all the loan requirements from Meezan Bank.
• After the loan is approved, the customer has to open an bank account with Meezan Bank
• After completing all the steps, the customer has to come to Meezan Bank and sign the agreement on all the papers.
• The loan will be given to the customer

Required documents for meezan bank home loan

• Copy of ID card
• Two pictures
• Copy of Utility Bill
• A copy of the credit card bill
• Copy of professional degree
• Copy of Agreement
• Celery slip
• Employment certificate
• Copy of bank statement
• Three years business proof
• Copy of NTN certificate
• Property Papers

Meezan bank home loan application form

Customers who want to take a loan from Meezan Bank will open the link below and fill up the form and submit the required documents to your nearest Meezan Bank.

Download Home Loan Application Form

URL : https://www.meezanbank.com/wp-content/themes/mbl/downloads/easy-home-appform.pdf

Contact these numbers for more information