The Albaraka Bank Mera Ghar Mera Ashiana Scheme 2025 is an Islamic home financing solution designed to help Pakistanis buy, build, or renovate their homes easily. Use the checklist below to understand everything clearly.
Scheme Overview
- Islamic housing finance under Diminishing Musharakah / Murabaha.
- Financing available for home purchase, home construction, plot plus construction, and home renovation.
- Quick processing time with easy documentation.
- Affordable and competitive profit rates.
- Eligible for salaried individuals, business owners, freelancers, and overseas Pakistanis.
Eligibility
- Applicant must be a Pakistani citizen.
- Minimum age requirement is 21 years.
- Maximum age at loan maturity is 60 years for salaried individuals.
- Maximum age at loan maturity is 65 years for business owners.
- Applicant must have a stable and verifiable income source.
- Clean credit history with no defaults in e-CIB.
- Applicant must meet the bank’s affordability criteria.
Required Documents
- Valid CNIC copy.
- Two recent passport-size photographs.
- Last three months’ salary slips for salaried individuals.
- Employment letter or job contract for salaried applicants.
- Last six to twelve months’ bank statement.
- NTN and business proof for business owners.
- Property documents, including registry, Fard, and seller CNIC.
- Approved building plan for construction cases.
- Recent utility bill for address verification.
Financing Features
- Minimum financing amount starts from the bank policy limits.
- Maximum financing amount can go up to PKR 50 million depending on profile.
- Financing tenure ranges from 3 years to 25 years.
- Fully Shariah-compliant financing structure.
- Flexible monthly installment options.
- Early payment is allowed without complications.
- Joint financing option available.
Property Requirements
- Property must be legally approved and clear of disputes.
- Registry must be verified by Albaraka Bank.
- Approved valuators will do property valuation.
- For construction, the applicant must provide a building plan and cost estimate.
- Property must fall within bank-approved locations.
Application Process
- Visit any Albaraka Bank branch for initial guidance.
- Submit your basic documents for pre-assessment.
- Bank will evaluate your income and affordability.
- The bank will complete property verification and valuation.
- Final approval will be issued after all checks.
- Sign the financing agreement.
- Financing amount will be disbursed as per the case type.
Benefits
- 100% Islamic and interest-free home financing.
- Lower monthly installments compared to many conventional options.
- Smooth and fast approval process.
- Suitable for both salaried and self-employed applicants.
- Ideal for first-time home buyers.
