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

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.