Meezan Bank introduces the Apni Bike Installment Plan 2025, offering a Shariah-compliant, interest-free financing option for purchasing motorcycles in Pakistan. This plan is designed to provide affordable and accessible ownership of motorcycles from reputable brands such as Honda, Suzuki, Yamaha, and Super Power.
What is Musawamah-Based Financing?
The Apni Bike plan operates on the Islamic financing principle of Musawamah. In this arrangement, Meezan Bank purchases the motorcycle from the market and sells it to the customer at a mutually agreed price, payable in easy monthly installments. Ownership is transferred to the customer immediately upon signing the delivery order, ensuring full compliance with Shariah principles.
Key Features & Benefits
-
Financing Mode: Musawamah (Shariah-compliant, interest-free)
-
Ownership Transfer: Immediate upon delivery
-
Eligible Brands: Honda, Suzuki, Yamaha, Super Power, and more
-
Tenure Options: 1, 2, or 3 years
-
Down Payment: 15% to 50% of the motorcycle’s cost
-
Processing Fee: PKR 1,800 (non-refundable)
-
Payment Method: Direct debit from Meezan Bank account
-
Early Termination: No profit charged on early settlement
Required Documents
General Documents:
-
Copy of CNIC
-
Passport-sized photograph
-
Declaration of Financing
-
Signature Verification FormMeezan Bank
For Salaried Individuals:
-
Latest 6-month bank statement (certified)
-
Latest pay slip (certified)
-
Employer’s certificate (designation, salary, tenure)
For Business Owners:
-
Latest 12-month bank statement (certified)
-
2 years proof of business (e.g., tax returns, bank certificate)
| Product Type | Down Payment | Takaful Charges | Registration Charges |
|---|---|---|---|
| 0% Product | 20% – 50% | Mandatory | Mandatory |
| Standard | 15% – 50% | Optional | Optional |
Eligible Motorcycle Brands & Models
The Apni Bike plan covers a wide range of motorcycles, including:
-
Honda: CD-70, CD Dream 70, Pridor 100, CG-125, CB125F, CB150F
-
Suzuki: GR 150, GSX 125
-
Yamaha: YBR 125, YBR 125G
-
Super Power: SP 70, SP 125
-
Hi-Speed: SR EV series, Wintage 250cc
-
Benling: Electric scooter
How to Apply
-
Visit a Branch: Go to any selected Meezan Bank branch.
-
Fill Application: Complete the customer application form.
-
Submit Documents: Provide all required documents.
-
Processing Fee: Pay the non-refundable processing fee of PKR 1,800.
-
Approval Time: Financing approval typically takes 5 to 7 working days.
-
Bike Delivery: Delivery depends on manufacturer availability
Important Notes
-
eCIB Reporting: Negative credit history will be reflected in eCIB reports for two years after settlement.
-
Bank Account: A Meezan Bank account is mandatory for auto-debit payments.
-
Asset Delivery: Subject to availability and manufacturer’s defined time period
Conclusion
Meezan Bank’s Apni Bike Installment Plan 2025 offers a unique opportunity for individuals seeking Shariah-compliant, interest-free motorcycle financing. With flexible terms, minimal down payment, and a wide range of eligible motorcycles, it’s an ideal solution for those looking to own a new bike without compromising on ethical financing practices.
