Honda, Yamaha, and Suzuki bikes on Installment with Meezan Bank

The sales of two-wheelers have gained momentum recently as different players come into the market, offering a wide range of bikes.

With the company rolling out new models with each passing year, the prices of the motorbikes also saw a huge jump, as the auto sector depends heavily on imports. At the same time, the rupee depreciation contributed to soaring prices.

Amid the soaring prices, Meezan Bank is among the country’s top financial institutions, helping citizens to buy their dream bikes or facilitating people upgrading their current rides.

Meezan Bank rolled out Apni Bike, the country’s first Musawamah-based Motorcycle Financing Facility, which helps people to buy motorbikes in easy instalments.

The facility people purchase motorcycles is based on the Islamic financing mode in which the seller does not disclose the price paid to create or obtain the goods.

Under this scheme, the bank works on the Shariah-compliant mode of Musawammah, which purchases the vehicle from the market and sells it to the customer as planned.

How Meezan Bank Apni Bike scheme should be preferred over other options

Eligibility requirements/ Pre-requisites & documents required

• The applicant should hold the CNIC/ID card of Pakistan
• The applicant needs to submit one Passport-sized colour photograph

For Salaried Individuals

• The Original and Certified copy of the Bank Statement for the last six months is needed for individual salaries.
• The Original and Certified copy of the Pay Slip is also needed
• Employer’s certificate, including Tenor, Designation, and Salary

For Business persons

• The Original and Certified copy of the Bank Statement for the past year
• Proof of Business for at least two years, including Tax return, Bank Certificate, and other available documents

Here’s how to apply

• Visit your nearest branch to fill out a customer application form
• With the application form, attach all mandatory documents and submit your application with Rs. 1,800 (Non-refundable processing fee)
• The whole procedure will take at least seven working days
• 

Plans of most demanded bikes & payment plans

Honda CD 70

With a 30 per cent down payment

With a 50 per cent down payment

Honda CG 125

With a 50 per cent down payment

With a 30 per cent down payment

Yamaha YBR 125

With a 50 per cent down payment

With a 30 per cent down payment

Suzuki 150

With a 30 per cent down payment

With a 50 per cent down payment

Honda CD 70 Price for January 2023