Compare Financial Products
Select 2-4 products to compare side by side. See fees, rates, rewards and eligibility at a glance.
| Feature |
Durable Goods Financing
|
Meezan Bike Ijarah
|
|---|---|---|
| Loan maturity | — | — |
| Applicant Age | — | 20 years to 65 years of age at the time of maturity (Businessmen & Self-Employed Professionals); 21 years to 60 years (Salaried Individuals) |
| Monthly Installments | — | — |
| Markup Rate(Fixed) | — | — |
| Financing limit | Financing limit ranges between a Minimum of 35,000/- up to the maximum of 1,000,000/- | — |
| Repayment tenure | — | Up to 2 years for Chinese / Pakistani bikes; Up to 3 years for Japanese bikes |
| Life insurance coverage | — | — |
| Financed Amount | — | — |
| Security Deposit | Down Payment: From 5% to 50% of Market Price (T&C Apply) | Down Payment: Minimum 15% of cost of the vehicle and Maximum 50% of cost of the vehicle |
| Minimum monthly income (Salary, ) | — | PKR 40,000 |
| Eligibility | Monthly instalment should not be more than 35% for net monthly income (For Salaried, SEP and Businessmen) | 40% of net monthly income (For Salaried, Self Employed-Person and Businessmen) |
| One-time Processing Fee | Rs. 1,800 (Non-refundable) + Legal documentation charges at actual | Non-refundable processing fee of PKR 2,200 + FED |
| Annual Charges | — | — |
| Limit enhancement fee | — | — |
| Late payment charges | — | — |
| Loan Category | — | — |
| Maximum Tenure | — | Up to 3 years |
| Tentative rate | — | — |
| Additional Benefits | — | — |
| Free Insurance & Processing Fee | — | — |
| Interest Rate | — | — |
| Loan Amount | Minimum PKR 35,000 up to maximum PKR 1,000,000 | — |
| Card/Cards | — | — |
| Borrrowing Amount | — | — |
| Educational Loan | — | — |
| Return Policy | — | — |
| Deferment Conditions | — | — |
| Flat rate | — | — |