Installment Plans with Meezan Bank
Meezan Apni Bike Financing – Installment Plans with Meezan Bank
Islamic Bike Financing with Easy Monthly Installments
Meezan Apni Bike is Pakistan’s first Musawamah-based motorcycle financing facility, offering a Shariah-compliant solution for individuals looking to purchase motorcycles on easy monthly installments. This unique offering from Meezan Bank allows you to finance a wide range of motorcycles without compromising on your Islamic values.
What is Musawamah-Based Bike Financing?
Musawamah is an Islamic mode of financing where the seller does not disclose the cost price of the asset. Under the Meezan Apni Bike scheme, Meezan Bank purchases the motorcycle and sells it to the customer at an agreed profit margin, payable in installments over a chosen tenure.
Why Choose Meezan Apni Bike Financing?
Meezan Apni Bike offers several benefits for customers seeking interest-free bike financing in Pakistan:
✅ Key Features & Benefits
- Shariah-Compliant Financing Mode: Based on Musawamah
- Ownership: Transferred to the customer upon signing the delivery order
- Motorcycle Options: Honda, Suzuki, Yamaha, Super Power & more
- Flexible Tenure: 1, 2, or 3 years
- Down Payment: Minimum 15%, maximum 50% of vehicle cost
- Available Cities: Karachi, Lahore, Islamabad, Rawalpindi, Peshawar, Faisalabad & other major cities
- Processing Fee: PKR 1,800 (non-refundable)
- Documentation Charges: Charged at actual cost
- Payment Mode: Direct debit from customer’s Meezan Bank account
- No Early Termination Profit
Meezan Apni Bike Financing Packages
| Product Type | Down Payment | Takaful | Registration |
|---|---|---|---|
| 0% Product | 20% to 50% | Mandatory (5%/year) | Mandatory (at actual) |
| Standard Product | 15% to 50% | Not Required | Not Required |
Shariah Compliance of Meezan Bike Financing
Developed under the guidance of Meezan Bank’s Shariah Board, this financing model ensures 100% Shariah compliance. The bank purchases the motorcycle and sells it to the customer under a Musawamah contract. Once the agreement is signed, ownership rights and responsibilities are fully transferred to the customer.
Rights & Responsibilities – Bank vs. Customer
- Bank’s Role: Purchases the motorcycle from the market.
- Customer’s Role: Purchases from the bank on agreed installments.
- Ownership: Immediately transferred to the customer.
- Installment Responsibility: Customer must pay over the selected tenure.
How to Apply for Meezan Apni Bike Financing?
Follow these simple steps to apply for Meezan Bank’s bike installment plan:
- Visit any selected Meezan Bank branch.
- Fill out the customer application form.
- Attach required documents (CNIC, income proof, etc.).
- Submit the form and await approval within 5–7 working days.
- Once approved, the bike will be delivered as per the manufacturer’s timeline.
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Why Meezan Bank?
As Pakistan’s leading Islamic bank, Meezan Bank offers ethical, transparent, and 100% interest-free financing options that comply with Islamic principles. With Meezan Apni Bike, you can enjoy the freedom of owning your motorcycle without the burden of Riba (interest).
https://www.meezanbank.com/apni-bike
