- 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.