Bank Financing

• Nationality: Pakistani, adult, permanent resident, CNIC holder
• Age of applicant: Minimum 20 years and maximum 60 years or up to the age of retirement at the time of maturity
• Age of co-applicant: Maximum 75 years
• Employment status: Must be permanent
• Income: Minimum monthly gross salary PKR 100,000
• Job Tenure: Current employment for at least 2 continuous years
• Income assessment: Through payslip, bank statement, appointment letter, employment letter and / or audited financials (in case applicant is a paid director)
• Tax payee: Must be an active tax payee with NTN number
• Credit checks: Bank will conduct bureau checks and will conduct verification of residence and office / business place
• References: Two references required
• Financing for flats: Financing for flats / apartments is not available.
• Account in Meezan Bank: Mandatory. If applicant currently does not have any account in Meezan Bank, it will be opened to offer financing.
• Maximum Debt Burden Ratio (DBR):
  • 40% for new to industry or having a credit history less than 12 months
  • 45% for customers having established history of 12 months or more

• Income: Minimum monthly gross salary PKR 200,000
• Job Tenure: 03 years at current employer and overall, 05 years of experience. Contract must be with direct company, third party contracts are not eligible
• Other aspects: Same as aforementioned for permanent job

• Nationality: Pakistani, adult, permanent resident, CNIC holder
• Age of applicant: Minimum 30 years and maximum 65 years at the time of maturity of financing
• Age of co-applicant: Maximum 75 years
• Income: Minimum monthly gross income PKR 500,000
• Business Tenure: At least 05 years
• Income assessment: Through Bank statement, Audited Accounts, Tax returns. Etc
• Tax payee: Must be an active tax payee with NTN number
• Credit checks: Bank will conduct bureau checks and will conduct verification of residence and office / business place
• References: Two references required
• Financing for flats: Financing for flats / apartments is not available.
• Account in Meezan Bank: Mandatory. If applicant currently does not have any account in Meezan Bank, it will be opened to offer financing.
• Maximum Debt Burden Ratio (DBR):
  • 30% for new to industry or having a credit history less than 12 months
  • 35% for customers having established history of 12 months or more

• Nationality: Pakistani, adult, permanent resident, CNIC holder
• Age of applicant: Maximum 70 years at the time of maturity of financing
• Age of co-applicant: Maximum 75 years
• Employment status: Retired* pension holder
• Income: Minimum monthly gross pension PKR 100,000
• Income assessment: Through pension book, pension bank statement, documents shall be required from a salaried individual if applicant is still working and getting retired in financing period, etc.
• Tax payee: Must be an active tax payee with NTN number
• Credit checks: Bank will conduct bureau checks and will conduct verification of residence and office / business place
• References: Two references required
• Financing for flats: Financing for flats / apartments is not available.
• Account in Meezan Bank: Mandatory. If applicant currently does not have any account in Meezan Bank, it will be opened to offer financing.
• Maximum Debt Burden Ratio (DBR):
  • 40% for new to industry or having a credit history less than 12 months
  • 45% for customers having established history of 12 months or more

* For an applicant who is currently on job and is getting retired within the financing period, financing may be allowed for a tenure in which min 75% installments should be paid within employment period and 25% after retirement.