Honda has recently increased the prices of its automobiles, making them out of reach of the local people. The middle class or lower-class buyers are finding it difficult to the bikes on cash. Therefore they opt for instalment schemes. Here are details about Honda CG 125 instalment plans with Meezan bank 2023.
Honda CG 125 is the masses’ favourite even though it is not cheap. This is because it is a long-term investment that saves much in the long run due to low maintenance cost, cheap spare parts and fuel efficiency. Therefore, the buyers do not have to pay hefty amounts, again and again, to get them repaired. So, even after the continuously increasing prices, customers still have loyalty to the brand.
Currently, the Honda CG 125 is Rs 194,900 for the base variant. It makes it closer to 2 lac which is a handsome amount to pay. Consequently, they go for instalment plans to afford a conveyance without burdening their wallets.
Honda CG 125 Instalment Plans
Meezan is one of the leading banks in Pakistan,, helping not only with car loan schemes. Meezan Bank offers Riba-free bikes to customers. It also has an Apni Bike scheme with which people can easily register for monthly instalments and get ownership of bikes.
There are various payment plans with different equity levels and duration. You can choose one, two, or three years plans. The minimum down payment starts at 15% and goes up to 50%. The facility is available in major cities of Pakistan like Lahore, Karachi, Islamabad, Rawalpindi, Peshawar, Faisalabad, Multan, and others. To apply for the Meezan Bank Apni Bike scheme, you must submit an application form to your nearest branch. Then pay for a compulsory, non-refundable processing fee of PKR 1,800. After completing the procedure, you must wait seven days for the application to process.
Here are Honda CG 125 instalment plans with Meezan bank for three years at different equity levels.
|Equity||Total Bike Price||Down Payment+ Processing Fee||Total upfront||Monthly Installment|
|15%||194,900||28,725 + 1,800||30,525||7,363|
|40%||194,900||76,600 + 1,800||78,400||5,198|
For further information, you can visit Meezan Bank’s official website and use the Apni Bike Riba-free calculator to see auto financing details.