Pakistan’s Wazir‑e‑Azam Apna Ghar Program – Ghar Ho Tu Apna offers Shariah‑compliant home financing up to PKR 10 million through Meezan Bank under Diminishing Musharakah. Learn eligibility, financing limits, rental rates, tenure, charges, and application requirements.
The Government of Pakistan has launched a subsidized Islamic housing finance initiative titled Wazir‑e‑Azam Apna Ghar Program – Ghar Ho Tu Apna, aimed at making home ownership affordable for citizens through profit subsidy and risk‑sharing. Wazir‑e‑Azam Apna Ghar Program. Wazir‑e‑Azam Apna Ghar Program.
Meezan Bank is offering this facility under its flagship Islamic home financing product, providing Shariah‑compliant financing for the purchase or construction of residential units using the Diminishing Musharakah mode.
This scheme is designed to support salaried individuals, businesspersons, self‑employed professionals, and Non‑Resident Pakistanis (NRPs) seeking affordable and ethical home financing.
Key Features & Benefits
| Feature | Details |
|---|---|
| Maximum Financing | Up to PKR 10 million |
| Customer Contribution | Minimum 10% of property value |
| Rental Rate | 5% fixed for first 10 years; variable at KIBOR + 3% afterward |
| Financing Tenure | Up to 20 years |
| Eligible Unit Size | House up to 10 Marla / 2720 sq ft; Flat up to 1500 sq ft |
| Maximum Property Price | No capping |
Shariah Mode: Diminishing Musharakah
Under Diminishing Musharakah, the bank and customer jointly own the property. The bank leases its share to the customer, who pays periodic rentals and gradually purchases the bank’s share until full ownership is achieved.
Product Categories
Easy Buyer
Purchase of a constructed residential property (house, flat, apartment).
Easy Builder
| Type | Description |
|---|---|
| Type 1(A) | Construction on applicant’s owned land |
| Type 1(B) | Purchase of land + construction |
Processing Charges
| Charge Type | 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 |
Documentation charges apply at the time of signing the Musharakah Agreement.
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Basic Eligibility Criteria
| Requirement | Details |
|---|---|
| Citizenship | Pakistani citizen |
| Property Ownership | Property must be in applicant’s name |
| Collateral | As per bank policy |
| Negative e‑CIB History | Reflected for 2 years after settlement |
Key Qualification Criteria
Allowable Cities
All cities in Pakistan where Meezan Bank has a branch network.
Age Requirements
| Applicant Type | Minimum Age | Maximum Age at Maturity |
|---|---|---|
| Applicant / Co‑Applicant (Income Clubbing) | 18 years | 65 years* |
| Co‑Applicant (No Income Clubbing) | 18 years | 70 years |
*For salaried individuals, maximum age is 65 years or retirement age, whichever is earlier.
Monthly Income Requirement
Minimum PKR 40,000 gross monthly income for all applicants.
Employment / Business History
Salaried Individuals
- Permanent employment with 6 months continuous work history
- Contractual employment: 1 year continuous work history + 2 years total experience
- Wazir‑e‑Azam Apna Ghar Program
Self‑Employed / Business Persons
- Minimum 2 years in current business/industry
Co‑Applicant Income Clubbing
| Feature | Details |
|---|---|
| Income Clubbing | 100% allowed |
| Maximum Co‑Applicants | Up to 4 |
| Eligible Co‑Applicants | Spouse, parents, adult children, siblings |
Financing Limits & Contribution
| Parameter | Details |
|---|---|
| Maximum Financing | PKR 10 million or 90% of property value |
| Customer Contribution | Minimum 10% |
Rental Rate Structure
| Period | Rate |
|---|---|
| First 10 Years | 5% fixed |
| After 10 Years | KIBOR + 3% (variable) |
Tenure Options
Maximum financing tenure: 20 years
Easy Home Payments Calculator
Applicants can use the Easy Home Payments Calculator to estimate:
- Monthly installment (EMI)
- Rental rate impact
- Tenure‑based repayment schedule
- Tranches for construction financing
Segments include:
- Salaried
- Self‑Employed Professionals (SEP)
- Businessmen
- Non‑Resident Pakistanis (NRP)
Required Documents
- CNIC
- Salary slips / income proof
- Bank statements
- Property documents
- Photographs
- Employer certificate (for salaried)
- Business proof (for self‑employed)
How to Apply
Visit the Meezan Bank branch or apply through the official Meezan Bank portal for the Wazir‑e‑Azam Apna Ghar Program – Ghar Ho Tu Apna.
Conclusion
The Wazir‑e‑Azam Apna Ghar Program – Ghar Ho Tu Apna is one of Pakistan’s most accessible and Shariah‑compliant housing finance solutions. With financing up to PKR 10 million, low rental rates, long tenures, and minimal customer contribution, the scheme empowers citizens to build or purchase homes affordably. Meezan Bank’s Diminishing Musharakah model ensures ethical financing while offering flexibility for salaried individuals, businesspersons, professionals, and NRPs.
This initiative is a major step toward expanding affordable housing, strengthening Islamic finance, and supporting Pakistan’s long‑term housing development goals.
