Comprehensive Handbook for Home Buyers in Pakistan

For many families in Pakistan, owning a home is a lifelong aspiration. Thanks to United Bank Limited, this ambition is now more attainable with the UBL Ameen Housing Finance program. This Shariah-compliant home financing solution aims to simplify the process of purchasing, constructing, or renovating a house, making it both affordable and accessible, particularly for those adhering to Islamic values.

Supported by the government’s Mera Pakistan Mera Ghar (MPMG) initiative, this program is widely trusted and available, positioning itself as one of the leading housing finance options in Pakistan today.

What is UBL Ameen Housing Finance?

UBL Ameen Housing Finance is an Islamic home financing product based on the Diminishing Musharakah model. Under this arrangement, the bank and the customer share ownership of the property, with the customer gradually purchasing the bank’s stake through manageable monthly payments — all without incurring interest (Riba).

This financing option is ideal for those looking to:

• Purchase a new or existing home.
• Construct a house on their own land.
• Renovate or extend an existing property.

This program is entirely Shariah-compliant, transparent, and structured to assist both low- and middle-income families.

UBL Ameen Housing Finance — Quick Facts

Program Name	Start Date	End Date	Markup Rate	Application Method
UBL Ameen Housing Finance (MPMG)	Active 2025	Ongoing	Tier-1 = 2% (5 yrs), Tier-2 = 5%, Tier-3 = 7%	Online & Offline
UBL Ameen General Housing Finance	Active	No End	KIBOR + 3.5%	Visit Branch / Apply Online

Key Features of UBL Ameen Housing Finance

Shariah-Compliant Model

UBL Ameen employs the Diminishing Musharakah model to keep all financing Riba-free, ensuring it is both ethical and permissible in Islam.

Flexible and Affordable Payments

Borrowers can select financing tenures ranging from 5 to 20 years. Monthly payments are tailored to align with income levels, promoting easier home ownership.

Nationwide Availability

Available through all UBL Ameen Islamic Banking branches across the country, UBL Ameen Housing Finance is accessible to customers throughout Pakistan.

Eligibility Criteria — Who Can Apply?

To be eligible for UBL Ameen Housing Finance, applicants should meet the following criteria:

• Must be a Pakistani citizen possessing a valid CNIC.
• Age requirement between 25 and 60 years (up to 65 for entrepreneurs).
• Salaried individuals should have a minimum of 2 years of work experience.
• Self-employed individuals or business owners require at least 3 years of business experience.
• Must provide verifiable proof of income (salary slips, tax returns, etc.).

Financing Purpose and Options

UBL Ameen provides flexible financing options for various housing purposes:

• Purchasing a home — whether new or pre-owned.
• Building a house on your land.
• Renovating or expanding an existing property.

This makes the program a comprehensive housing solution for families, professionals, and business owners alike.

Loan Amount, Tenure & Installments

• Minimum Financing: PKR 500,000
• Maximum Financing: PKR 20 million
• Tenure: 5 to 20 years
• Installments: Adjusted according to income levels

Government subsidies under the MPMG scheme further enhance affordability for low-income applicants.

How to Apply for UBL Ameen Housing Finance

Applications can be submitted through two straightforward methods:

Offline Application Process

1. Visit your nearest UBL Ameen Islamic Banking branch.
2. Request and fill out the Housing Finance application form.
3. Attach the necessary documents.
4. The bank will review your income and credit history.
5. Once approved, your financing will be processed.

Online Application Process

1. Go to the official UBL website.
2. Find the UBL Ameen Housing Finance section.
3. Complete the online application form.
4. Submit necessary documents in digital format.
5. Await bank verification and approval.

Required Documents for UBL Ameen Housing Finance

To finalize your application, ensure you have the following documents ready:

• Copy of CNIC
• Two passport-sized photographs
• Salary slip and employment certificate (for salaried applicants)
• Tax returns and bank statements (for business owners)
• Latest utility bill (for address verification)
• Property papers (for construction/renovation financing)

Benefits of UBL Ameen Housing Finance

100% Shariah-Compliant

This financing is rooted in Islamic principles, free from interest, and ensures ethical and transparent conduct.

Affordable Markup Rates

Take advantage of subsidized markup rates through the government-supported MPMG scheme.

Flexible Repayment

Select repayment terms from 5 to 20 years, conducive to your financial situation.

All-in-One Housing Solution

Finance is available for purchasing, constructing, or renovating properties — all within one program.

Nationwide Access

With branches across Pakistan, accessing UBL Ameen is simple and convenient.

Mera Pakistan Mera Ghar (MPMG) – Subsidized Scheme

Through the MPMG initiative, eligible customers can avail themselves of financing at discounted rates.

Tier	House Size	Max Price	Max Loan Amount	Subsidized Markup
1	Up to 5 Marla / 850 sq. ft	PKR 3.5 million	PKR 2.7 million	2% for first 5 years
2	Up to 5 Marla / 1250 sq. ft	Market-based	PKR 6 million	5% first 5 yrs, 7% next 5 yrs
3	Up to 10 Marla / 2000 sq. ft	Market-based	PKR 10 million	7% first 5 yrs, 9% next 5 yrs

Key Points to Remember

• The UBL Ameen Housing Finance program is active as of 2025.
• Subsidy rates and government policies may vary.
• Post-subsidy, standard KIBOR rates will apply.
• Check for the latest updates from State Bank of Pakistan or UBL before submitting your application.

Conclusion

UBL Ameen Housing Finance offers a secure, transparent, and Shariah-compliant method for achieving your dream of home ownership in Pakistan. With flexible installment options, low markup rates, and adaptable terms, this program is one of the top choices for individuals and families.

If you’re prepared to build or purchase your dream home, visit your closest UBL Ameen Islamic Banking branch or apply online today to check your eligibility.