Meezan Bank is offering ‘Meezan Apni Bike’, a financing facility for motorcycles. According to the details, you can buy a motorcycle on an easy monthly installment plan via ‘Meezan Apni Bike’ offer, which is a Shariah-compliant mode of financing based on Musawammah.
With price of motorcycles going over the roof, Meezan Bank’s installment plan offers a great way for anyone to upgrade or buy a new motorcycle without having to be burdened with the complete payment upfront. Furthermore, the ease of financing tenure offers convenient payments.
Meezan Apni Bike Overview:
- Financing Available on Multiple Brands and Variants
- 1 to 3 Years of Financing Tenure
- Minimum 15% Down Payment
- No Early Termination Charges
Required Documents
The required documents slightly differ for salaried individuals and businessmen. However, the details are mentioned below.
General Requirements
- Copy of Applicant’s CNIC (Computerised National Identity Card)
- One Passport-sized color photograph of the applicant
- Declaration of Financing
- Signature Verification Form
For Salaried Individuals
- Original / Certified copy of Bank Statement (last 6 months)
- Original / Certified copy of Pay Slip
- Employer’s certificate including Tenor /Designation /Salary
For Businessmen / SEP
- Original / Certified copy of Bank Statement (last 12 months)
- 2 years Proof of Business (e.g. Tax return / Bank Certificate/ any other document)
Who Can Avail Meezan Apni Bike Offer?
- Any Pakistani Citizen
- Anyone aged 20 to 65 Years (Businessmen / SEP)
- Anyone aged 21 to 60 Years (Salaried)
- Minimum Income:
- For salaried individuals – Minimum 40,000/- (Gross Salary)
- For self-employed individuals – Minimum 75,000/-
- For businessmen – Minimum 75,000/-
How to Apply for Meezan Bank’s Motorcycle Installment Plan?
- Fill out a customer application form (available at any Branch)
- Attach the required documents and submit your application with Rs. 1,800 (Non-refundable processing fee)
- Get your financing approved in a 5-7 working days
For more details, you can visit Meezan Bank’s website at https://www.meezanbank.com/apni-bike.
