Business Desk 
Nov 06, 2024
Meezan Bank has introduced a striking opportunity for commuters in Pakistan to purchase motorbikes, including both traditional and electric models, with zero markups.
With the “Meezan Apni Bike Financing” plan, you can easily get a bike on easy monthly instalments spread over 12 months, without any interest.
Meezan Bank’s bike financing operates under a Shariah-compliant model called “Musawamah,” a type of financing in which the seller does not reveal the cost of purchasing the goods.
It is set to allow individuals to purchase motorcycles with a clear understanding of their monthly instalments, without any hidden fees or interest charges.
Bike models available in Meezan shariah-compliant, zero markup instalment offer
The “Meezan Apni Bike Financing” program provides a range of well-known bike models at zero% markup. Customers can select from famous brands such as Suzuki, Yamaha, Honda, and Super Power, along with other available motorcycle variants, making it a perfect option for commuters searching for fuel-efficient and affordable transportation in urban areas.
Read more: Honda offers 0% markup instalment plans on CD70 2025 model
Requirements to avail Meezan Bank offer
To be able to avail this bike financing scheme, applicants must meet the following requirements:
- Must be a Pakistani citizen.
- Business owners and self-employed applicants should be between 20 and 65 years of age at maturity. Salaried individuals must be between 21 and 60 years of age at the time of maturity.
- Salaried applicants should have a minimum monthly income of Rs40,000, while on the other hand, self-employed and business applicants are required to have a minimum income of Rs75,000.
