Meezan Bank Approves Rs31.45bn Housing Finance Under Ghar Ho Tu Apna.
✧ GENERATE BRIEFING +
Meezan Bank has achieved a major milestone under the government’s Wazir-e-Azam Apna Ghar Programme—Ghar Ho Tu Apna (GHTA), approving over Rs31.45 billion in Shariah-compliant housing finance across 4,424 applications. This substantial approval pipeline is slated for systematic conversion into disbursements as successful applicants finalize property selection and legal documentation. Concurrently, the bank’s actual disbursements have surpassed Rs4 billion, directly facilitating homeownership for approximately 650 families. Momentum picked up significantly in August, during which the bank released roughly Rs2.2 billion in a single month—representing over 50% of its total cumulative disbursements under the initiative to date.Ahmed Ali Siddiqui, Group Head of Consumer Finance at Meezan Bank, emphasized that the robust approval volume highlights deep consumer demand for accessible, Shariah-compliant residential financing options. Aimed at empowering first-time homeowners, the Ghar Ho Tu Apna scheme offers up to Rs10 million in financing for purchasing or constructing houses and flats within defined size brackets, featuring subsidized profit rates and extended repayment tenures of up to 20 years.
Meezan Bank has approved more than Rs31.45 billion in housing finance across 4,424 applications under the government’s Wazir-e-Azam Apna Ghar Programme – Ghar Ho Tu Apna (GHTA), highlighting strong demand for affordable Shariah-compliant housing finance.
The approved financing represents a significant pipeline that is expected to convert into disbursements as applicants complete property selection, documentation and other formalities.
Meezan Bank has already disbursed more than Rs4 billion under the programme, supporting around 650 families. Disbursements accelerated in August, with approximately Rs2.2 billion released during the month alone, accounting for more than half of the bank’s cumulative disbursements under the programme.
Ahmed Ali Siddiqui, Group Head Consumer Finance at Meezan Bank, said the approvals demonstrate significant demand for affordable and Shariah-compliant home financing. The bank aims to convert the approved pipeline into home ownership for thousands of additional customers.
The government’s Ghar Ho Tu Apna programme is designed to expand access to institutional housing finance for first-time homeowners. Under the scheme, eligible customers can obtain financing of up to Rs10 million, with financing available for purchasing or constructing a house or flat.
For eligible commercial-bank borrowers, the programme provides subsidised financing rates, with terms depending on the applicable housing category. The scheme allows financing for houses and apartments within specified size limits and can extend up to 20 years.
