Honda CD 70 is everyone’s choice for a durable and cost-efficient commuting ride for everyday purposes. Yet, the prices have risen so high that it is out of reach for Pakistan’s lower and middle classes. Therefore, many banks are resorting to providing Honda CD 70 instalment plans.
Honda CD 70 Overview
Honda CD 70 is a 70cc two-wheeler with a smoke-free OHC 4 Stroke engine. It was initially launched in Pakistan in 1984 by Atlas Honda. Soon enough, it gained popularity among the public due to its durability and impressive fuel efficiency. It has an average backbone-type design that is functional in Pakistani traffic. Honda CD 70 has a 4-speed manual transmission. Its fuel tank capacity is 8.5 litres.
Meezan Bank is one of the best banks in Pakistan that provide financial services to the public. It gives 1-year to 3 years instalment plans in its Apni Bike scheme. It is a Shariah-compliant vehicle financing scheme to help customers improve their purchasing power.
Honda CD 70 Instalment Plan
Meezan Bank offers 12 months, 24 months, and 36 months Honda CD 70 instalment plans with different down payments. Every applicant has to pay a compulsory down payment of PKR 1,800 as a processing fee.
Here is the complete detail of the two-year Honda CD 70 instalment plan.
|Equity||Bike Price||Down Payment+ Processing Fee||Total Upfront||Monthly Instalment|
|15%||PKR 154,900||1,800+ 18,735||PKR 20,535||PKR 6,213|
|20%||PKR 154,900||1,800+ 24,980||PKR 26,780||PKR 5,847|
|25%||PKR 154,900||1,800+ 31,225||PKR 33,025||PKR 5,482|
|30%||PKR 154,900||1,800+ 37,470||PKR 39,270||PKR 5,116|
|35%||PKR 154,900||1,800+ 43,715||PKR 45,515||PKR 4,751|
|40%||PKR 154,900||1,800+ 49,960||PKR 51,760||PKR 4,385|
|45%||PKR 154,900||1,800+ 56,205||PKR 58,005||PKR 4,020|
|50%||PKR 154,900||1,800+ 62,450||PKR 64,250||PKR 3,654|
More about Meezan Bank Apni Bike Financing
- Mode of Financing : Musawammah
- Ownership: The ownership is transferred to the customer immediately after signing the delivery order by the customer.
- Product Offering: All Honda, Suzuki, Yamaha, Super Power & Other Motorcycle variants
- Facility Tenure: The scheme is available for 1, 2 & 3 years
- Down Payment: Minimum 15% of the cost of the vehicle and Maximum 50% of the price of the car.
- Facility Available in Karachi, Lahore, Faisalabad, Peshawar, Rawalpindi, Islamabad and other cities
- Processing and / Documentation Charges: Non-refundable processing fee of PKR 1,800/- will be charged, whereas documentation charges will be charged at the actual.
- Mode of Payment: Direct debit from the customer’s Meezan Bank account.
- Early Termination: No early termination profit.