Winner of Pakistan’s Best Islamic Bank Award 2024: Meezan Bank serves over 800,000 customers nationwide.
What you need to know about this loan:
- Loan Amounts Offered: Up to 65% for businessmen, 75% for salaried individuals of the property value.
- Loan Terms (monthly): 3 to 20 years.
- Payment methods: Monthly payments including rent and equity share.
- Interest rate: Variable Pricing Rate: KIBOR + 3-4%; Fixed Pricing Rate: 18.99% for first 3 years.
Pros:
- Highest Financing Amounts: Up to 75% of the property value.
- Flexible Pre-payments: Make partial pre-payments anytime.
- Shariah Compliance: Fully Shariah-compliant life Takaful facility.
- Affordable Installments: Enjoy reduced monthly installments.
- Great Opportunity: Avail Shariah-compliant home financing options.
Cons:
- Variable Rate: Interest rates may fluctuate annually.
- Higher Income Requirements: Minimum income threshold required.
Why Choose Meeza Easy for Your Loan?
Compared to HBL’s Islamic Home Loan, which caps at 60%, Meezan Bank offers up to 75% financing, providing you with more purchasing power.
While UBL Islamic Bank offers fixed rates for the first year only, Meezan Bank provides flexible rates tied to market indicators, ensuring you always get the best deal.
Al Baraka Bank limits its loans to 10 years, whereas Meezan Bank offers terms up to 20 years, giving you more time to own your home.
Faysal Bank’s Islamic Home Finance has stricter income eligibility, while Meezan Bank’s flexible criteria accommodate a broader range of applicants.
Bank Islami offers limited pre-payment options. In contrast, Meezan Bank allows you to make partial pre-payments anytime, helping you own your home faster.
How to Apply for Your Meeza Easy LoanÂ
Jumpstart your journey to homeownership with Meezan Bank’s Easy Home Loan today. Click here and apply now to experience the ease and Shariah-compliance of Meezan’s premier home financing solution!