Meezan Bank has launched its Apni Bike Scheme 2024, a Shariah-compliant financing plan that makes it easier to purchase motorcycles through flexible, interest-free installments. This scheme is based on the Musawamah model, ensuring a transparent, non-interest-based process. Whether you’re a salaried individual, businessman, or self-employed professional, the Apni Bike Scheme offers options for both Japanese and Chinese bikes with various payment terms.
Meezan Bank Apni Bike Scheme 2024 PDF Download
For more detailed information, you can download the Meezan Apni Bike Scheme 2024 PDF from Meezan Bank’s website. This document includes comprehensive details on eligibility, financing options, and the application process. Make sure to review the official website regularly for the latest updates, eligibility requirements, and application deadlines.
| Title | Meezan Bank Apni Bike Scheme 2024 |
| Last Date | November 2024 Expected |
| Official Website | meezanbank.com |
| Posted by | Nexatech.pk |
| Application Form | Download PDF |
Meezan Bank Apni Bike Scheme Price Details
The scheme covers various models, with prices varying by brand and model. Japanese bikes are typically more expensive than Chinese bikes, so the down payment and installment amounts depend on the selected model. Check Also: IU Karachi Admission
Eligibility Criteria for Meezan Apni Bike Financing
To apply for the Apni Bike Scheme, applicants must meet these criteria:
- Citizenship: Must be a Pakistani national and permanent resident.
- Age Requirements:
- Businessmen & Self-Employed: 20 to 65 years (at maturity)
- Salaried Individuals: 21 to 60 years (at maturity)
- Income Requirements:
- Salaried Individuals: Minimum monthly gross salary of PKR 40,000
- Self-Employed & Businessmen: Minimum monthly income of PKR 75,000
- Debt Burden Ratio: Should not exceed 40% of net monthly income.
Meezan Bank Apni Bike Program Installment Plan 2024
Meezan Bank’s Apni Bike Program offers installment plans suited to different financial profiles:
| Japanese Bikes | Up to 3-year installment plans available. |
| Chinese Bikes | Up to 2-year installment plans available. |
| Down Payment | 15% to 50% of the bike’s total cost. |
Required Documents for Meezan Apni Bike
Applicants will need to submit the following:
- CNIC: A copy of your Computerized National Identity Card.
- Photograph: A recent passport-sized photo.
- Declaration of Financing: A form indicating your intent to finance the bike.
- Signature Verification Form: To verify your signature with the bank’s records.
Meezan Bank Apni Bike Scheme Installment Calculator
Meezan Bank’s website includes an installment plan calculator for the Apni Bike. This tool allows users to calculate their estimated monthly payments based on the bike’s price and financing terms, helping applicants plan their budget before committing to the scheme.
How to Apply for Meezan Bank Apni Bike Scheme 2024
- Visit the Meezan Bank Website: Go to www.meezanbank.com.
- Get the Apni Bike Scheme application form from the website.
- Have your CNIC, photograph, and declaration form ready.
- Complete the application with all required personal and financial details.
- Submit the form along with your documents at the nearest Meezan Bank branch.
- After processing, the bank will notify you of your application’s status.