Last Updated on: 1st January 2024, 09:30 pm
Apni Bike Meezan Bank | Interest-Free Bike Installment Plan
Great news awaits you! Following the successful launch of the interest-free Apni Bike installment plan, Meezan Bank has introduced the Meezan Bank Apni Bike Calculator 2024. This innovative tool allows you to estimate the total cost of your desired bike.
Meezan Bank Apni Bike Ijarah Calculator
For those considering a bike on installment from Meezan Bank, utilizing the Meezan Bank Apni Bike calculator is essential. With the Meezan Ijarah calculator 2024, you can precisely determine your payments over 36 months and even compare Meezan bank bike installment plan 2024 from various bike companies. Meezan Bank’s installment plan covers renowned bike brands such as Honda, Super Power, Super Star, Suzuki, and Yamaha.
Click here to use the Meezan Bank Apni Bike Calculator.
Bike Installment Plan 2024 Details by Bike
Gain insights into all bike models, their down payments, and monthly installment breakdowns.
| Model | Down Payment | 3 Months | 6 Months | 12 Months | 18 Months | 24 Months |
|---|---|---|---|---|---|---|
| Honda CD-70 | 19,000 | 29,614 | 15,445 | 8,387 | 6,057 | 4,910 |
| Honda CD DREAM 70 | 20,000 | 31,590 | 16,476 | 8,947 | 6,462 | 5,237 |
| Honda PRIDOR 100 | 25,500 | 40,379 | 21,060 | 11,436 | 8,259 | 6,695 |
| Honda CG-125 | 29,500 | 47,297 | 24,668 | 13,395 | 9,674 | 7,841 |
| Honda CG-125 Self | 35,000 | 55,945 | 29,178 | 15,844 | 11,443 | 9,275 |
| Honda CB125F SE | 44,500 | 70,734 | 36,891 | 20,033 | 14,468 | 11,727 |
| Honda CB 150F | 54,000 | 86,794 | 45,267 | 24,581 | 17,753 | 14,390 |
| Honda CB 150F SE | 55,000 | 87,853 | 45,819 | 24,881 | 17,970 | 14,565 |
| Super Star SS 70cc Xcellence Model | 11,500 | 19,500 | 9,750 | 5,249 | 3,791 | 3,073 |
| SS 100cc Royal | 12,500 | 21,000 | 10,500 | 5,652 | 4,082 | 3,309 |
| Super Power SP 70 CC DOLLAR | 12,500 | 20,000 | 10,244 | 5,563 | 4,018 | 3,257 |
| SP 70CC PREMIUM REGULAR WITH SELF START | 13,000 | 20,567 | 10,533 | 5,720 | 4,131 | 3,348 |
| 70 CC TOKYO | 14,500 | 23,333 | 11,953 | 6,491 | 4,688 | 3,800 |
| SP 70CC DELUXE WITH SELF (ALLOY RIM) | 16,500 | 27,000 | 13,834 | 7,512 | 5,426 | 4,398 |
| SP 125CC REGULAR | 18,000 | 28,500 | 14,596 | 7,926 | 5,725 | 4,640 |
| SP 70CC PREMIUM WITH SELF-START (ALLOY RIM) | 15,500 | 25,333 | 12,980 | 7,048 | 5,091 | 4,126 |
| Road Prince 70CC PASSION | 11,500 | 17,966 | 9,370 | 5,088 | 3,675 | 2,979 |
| Road Prince 70CC CLASSIC | 12,500 | 19,646 | 10,246 | 5,564 | 4,019 | 3,257 |
| RP-70CC PASSION PLUS | 13,000 | 20,825 | 10,861 | 5,898 | 4,260 | 3,453 |
| RP-100CC POWER PLUS | 12,500 | 19,138 | 9,981 | 5,420 | 3,915 | 3,173 |
| RP-110CC POWER PLUS | 13,000 | 20,147 | 10,508 | 5,706 | 4,121 | 3,340 |
| RP-125CC REGULAR | 18,000 | 28,209 | 14,712 | 7,989 | 5,770 | 4,677 |
Meezan Bank Apni Bike Scheme 2024
The Apni Bike scheme caters to Honda, Suzuki, and Yamaha motorcycles, providing options for one-, two-, and three-year plans. Chinese motorcycles fall under a two-year installment plan. A minimum advance payment ranging from 15% to 50% is required.
Documents Required
To initiate your bike financing application at Balance Bank, you must provide the following essential documents:
- Copy of the applicant’s CNIC
- Color copy of the applicant’s passport side
- Financing declaration
- Form for signature verification
- Original certified copy of the bank statement
- Original certified copy of the Pay Slip
- Reward Certificate, including Tenor Office and Pay details
- Original certified copy of the bank statement from the last twelve months
- Two-year proof of business, such as tax returns and bank certificates; no other documents are accepted.
Requirements for 70cc, 100cc, and 125cc Bikes
Meezan Bank extends a 3-year or 36-month installment plan for Honda CD 70, Honda 100cc Pridor, Honda 125, Yamaha YBR 125, Suzuki 110, and Suzuki 150 bikes. An account with Meezan Bank is a prerequisite, with a non-refundable processing fee of 1,800 rupees. Applicants must be aged between 20 and 65, earning a minimum salary of 45,000 rupees per month (for employed individuals) or a minimum monthly income of 75,000 rupees (for self-employed individuals). The loan interest should not exceed 40% of the applicant’s income, and the applicant must hold a debit card with the bank.
250cc Bike Plan
For those eyeing a 250cc bike, a minimum annual salary of 150,000 rupees or a personal income of 200,000 rupees is required. An upfront payment of 30% to 50% of the total amount is mandatory.
Final Words
In the face of rising inflation and petrol prices in Pakistan, many are turning to bikes over cars due to their fuel efficiency. The Meezan Bank Apni Bike 36-month installment plan is a boon, allowing you to spread the cost over three years.
Remember to leverage the Meezan Bank Apni Bike Calculator for an accurate estimate before making your motorcycle purchase. If you have any queries, feel free to ask in the comment section below.