By Meezan Bank is offering an exciting opportunity for motorcycle enthusiasts with its Apni Bike Financing facility. Whether you’re looking for a petrol-powered bike or an eco-friendly electric motorbike, now is the time to own one with 0% financing on the invoice value for up to 12 months. Meezan Bank’s Apni Bike Financing is Pakistan’s first motorcycle financing facility based on the Islamic concept of Musawamah, providing a hassle-free way to purchase the bike of your dreams on easy monthly installments.
Key Features and Benefits of Meezan Apni Bike Financing:
- Mode of Financing: Musawamah
- The financing is based on the Shariah-compliant Musawamah concept, where the bank does not disclose the cost incurred in purchasing the bike but sells it to the customer at a mutually agreed price.
- Immediate Ownership
- Ownership of the bike is transferred to the customer immediately after signing the delivery order.
- Available Brands
- The facility offers financing on a wide range of motorcycle variants from brands like Honda, Suzuki, Yamaha, Super Power, and others.
- Flexible Tenure
- The scheme is available for 1, 2, and 3-year financing options.
- Down Payment Options
- Customers can make a minimum down payment of 15% and a maximum of 50% of the vehicle’s cost.
- Locations
- The facility is available in major cities, including Karachi, Lahore, Faisalabad, Peshawar, Rawalpindi, and Islamabad.
- Easy Payment Plan
- Payments can be made directly through the customer’s Meezan Bank account, making it a convenient solution for bike buyers.
Why Meezan Apni Bike is Shariah-Compliant
Meezan Apni Bike is developed under the supervision of Meezan Bank’s Shariah Board and is based on the Musawamah concept. Under this mechanism, the bank purchases the bike from the market and sells it to the customer at an agreed price. After the contract is executed, all ownership rights and liabilities are transferred to the customer, who then pays for the bike in easy monthly installments over the tenure of the financing.
How to Apply for Meezan Apni Bike Financing
To avail the Apni Bike financing, visit your nearest Meezan Bank branch and complete the customer application form. Submit the required documents, and your financing will be processed in 5-7 working days. After approval, the bike will be available as per the manufacturer’s defined time period.
Required Documents for Apni Bike Financing:
General Requirements:
- Copy of CNIC (Computerized National Identity Card)
- One passport-sized color photograph
- Declaration of Financing
- Signature Verification Form
For Salaried Individuals:
- Bank statement of the last 6 months (Original/Certified)
- Pay slip (Original/Certified)
- Employer’s certificate, including designation, salary, and tenor
For Businessmen/Self-Employed Professionals:
- Bank statement of the last 12 months (Original/Certified)
- 2 years of proof of business (e.g., tax returns, bank certificates, etc.)
Eligibility Criteria:
- Citizenship: Pakistani nationals who are permanent residents
- Age Limit:
- Salaried individuals: 21 to 60 years at the time of maturity
- Businessmen & Self-employed: 20 to 65 years at the time of maturity
- Income Requirement:
- Salaried individuals: Minimum gross salary of PKR 40,000
- Businessmen & Self-employed: Minimum income of PKR 75,000
- Debt Burden Ratio: Up to 40% of net monthly income
Meezan Apni Bike Financing offers an affordable and Shariah-compliant way to own your dream bike. Don’t miss this opportunity to take advantage of easy monthly installments and drive away with a brand-new motorcycle today!
For more details, visit your nearest Meezan Bank branch or contact customer service.
Disclaimer:
Terms and conditions apply.
