Meezan Bank "Meezan Apni Bike" Installment Plan December 2023 Update

Meezan Bank “Meezan Apni Bike” Installment Plan December 2023 Update

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

Meezan Bank Motorcycle Installment Plan, Meezan Apni Bike Offer — Source: Meezan Bank

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.