Meezan Bank, the pioneer of Islamic banking in Pakistan, introduces the Meezan bike installment plan financing plan a fully Shariah-compliant motorcycle installment scheme based on the Islamic concept of Musawammah.
This facility allows customers to purchase brand-new motorcycles from trusted brands like Honda, Suzuki, Yamaha, Super Power, and others with easy and interest-free monthly installments.
🔍 What is Musawammah-Based Bike Financing Meezan bike installment plan?
Musawammah is an Islamic financing method where the seller (in this case, Meezan Bank) does not disclose the cost at which the asset was acquired. The bank purchases the motorcycle and sells it to the customer at an agreed-upon price, payable in installments. Upon delivery, ownership is immediately transferred to the buyer.
Read More: Payoneer, Meezan Bank Launch SME Payment System
📋 Key Features & Benefits Meezan bike installment plan
- Financing Mode: Musawammah (Islamic, interest-free)
- Ownership: Transferred to customer at delivery
- Brands Covered: Honda, Suzuki, Yamaha, Super Power & others
- Tenure Options: 1, 2, and 3 years
- Down Payment: 15% (min) to 50% (max) of bike cost
- Service Areas: Available in Karachi, Lahore, Islamabad, Faisalabad, Rawalpindi, Peshawar, and more
- Processing Fee: PKR 1,800 (non-refundable)
- Payment Method: Auto debit from Meezan Bank account
- Early Termination: No profit charged on early closure
📑 Required Documents Meezan bike installment plan
General:
- CNIC Copy
- Passport-sized Photograph
- Declaration of Financing
- Signature Verification Form
For Salaried Individuals:
- Latest 6-Month Bank Statement (certified)
- Latest Pay Slip (certified)
- Employer’s Certificate (designation, salary, tenure)
For Business Owners:
- Latest 12-Month Bank Statement (certified)
- 2 Years Business Proof (e.g. tax returns or bank certificate)
Read More: Meezan Bank Sets All-Time Profit Record in 2024
🛵 Down Payment & Charges Table
| Product Type | Down Payment | Takaful | Registration |
|---|---|---|---|
| 0% Product | 20% – 50% | Mandatory | Mandatory |
| Standard Product | 15% – 50% | Optional | Optional |
Takaful Charges: 5% annually | Registration charges apply as per actual cost.
📅 How to Apply?
Visit any selected Meezan Bank branch, fill out the application form, attach the required documents, and get approval in 5 to 7 working days. Bike delivery depends on manufacturer availability.
🔚 Conclusion
Meezan Apni Bike 2025 is the perfect opportunity for those seeking interest-free motorcycle financing in Pakistan. It is ideal for salaried individuals, self-employed professionals, and small business owners who want a flexible and Shariah-compliant bike installment plan.
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