Easy Meezan Bank Car Instalment Plans For Middle-Income Buyer

Cars in PakistanEasy Meezan Bank Car Instalment Plans For Middle-Income Buyer

Meezan Bank Car Installment

Buying a car has become a major problem for local buyers due to rapidly rising vehicle prices. The high price tags have made it challenging to buy a car on cash. Meezan Bank has recently partnered with the most famous automobile company in Pakistan, Suzuki. The motive behind this partnership is to provide Easy Meezan Bank Car Instalment at discounted rates under the label of Car Ijarah Scheme. This initiative will benefit all middle-income buyers.

Amidst this inflated situation in the markets, it is almost impossible for people to even think about buying a car. But, the instalment option comes in handy for many for whom a vehicle is a need. So, Meezan Bank has brought discounted monthly instalment plans as a Car Ijarah scheme for vehicles like Suzuki Alto, Wagon-R, Suzuki Swift, and Suzuki Cultus.

The above-mentioned cars are included in the options that all middle-class buyers prefer to buy at an economical rate. Now they can be more economical as a result of this alliance between Meezan Bank and Pak Suzuki Motors Company Limited.

Meezan Bank Car Instalment Schemes

Meezan Bank car installment

It is noteworthy that Meezan Bank is the first private Islamic Bank of Pakistan that supports Shariah law in all financial matters. The bank has introduced Car Ijrah Scheme to provide interest-free car financing to middle-class buyers in Pakistan. So, this Meezan Bank Car Instalment scheme is brought down through the Shariat law which saves the customers from paying heavy amounts of money in the name of interest.

The monthly instalments will be much lesser than the regular monthly rentals with ever-increasing interest rates. Customers can get a new car every two to three years with this One Window Solution. The offer is valid till 31st January 2023.

Meezan Bank Car Installment

As a result of a partnership with the official company, Meezan Bank ensures the purchase of Suzuki Alto, Swift, Suzuki Wagon-R, or Cultus at a competitive price than available in the market. However, discounted rentals are only available on certain variants.

Monthly Rental Calculated

The rentals are calculated on a 30% Security Deposit and 25% Residual Value. So, the monthly rentals of each Suzuki car are as below:

  • Suzuki Alto: PKR 40,302
  • Suzuki Wagon-R: PKR 45,555
  • Cultus: PKR 51,367
  • Suzuki Swift: PKR 80,600

Check out the  Price of Suzuki Alto 660CC and Suzuki Alto 660CC AGS and VXL Installment plans in Pakistan 2023.

If you have had an experience with Meezan Bank for car ijarah, please share your thoughts in the comments to help others.

Duaa Naeem
Duaa Naeem
Dua is a seasoned writer who loves to write on Pakistani Entertainment and Infotainment while having her Masters in English literature

Must read

Recent News

Pakistan World Cup Squad to be announced on Friday morning

LAHORE, Pakistan: The Pakistan Cricket Board (PCB) will announce the Pakistan Squad for the upcoming ICC Cricket World Cup 2023 in Lahore on Friday...

8 terrorists killed, 5 apprehended in KPK: ISPR

RAWALPINDI, Pakistan: The security forces conducted Intelligence Based Operations (IBOs) in two districts of Khyber Pakhtunkhwa on Thursday, which resulted in killing of eight...

Zahoor Ahmed appointed MD PTV

ISLAMABAD, Pakistan: Zahoor Ahmed – a BS-21 Officer of Secretariat Group – has been appointed as the Managing Director of the Pakistan Television Corporation...

ECP announces general elections in last week of January 2024

ISLAMABAD, Pakistan: The Election Commission of Pakistan (ECP) has announced to conduct the general elections in the last week of January 2024, neglecting the...

PM Kakar meets UN Security General, thanks him for his unwavering support

NEW YORK: The Caretaker Prime Minister Anwaar Ul Haq Kakar met the United Nations Secretary General Antonio Guterres on the sidelines of the 78th...