Compare Financial Products
Select 2-4 products to compare side by side. See fees, rates, rewards and eligibility at a glance.
| Feature |
Meezan Car Ijarah
|
Meezan Women First Car Ijarah
|
|---|---|---|
| Loan maturity | — | — |
| Applicant Age | Minimum age limit of applicant should be 25 years; maximum age at maturity 60 years for salaried, 65 years for businessman / self-employed | — |
| Monthly Installments | — | — |
| Markup Rate(Fixed) | Fixed Profit Rates (Lien Based): 1 Year 7.25%, 2 Year 8.25%, 3 Year 8.50%, 4 Year 9.00%, 5 Year 9.25%, 6 Year 9.35%, 7 Year 9.50% | — |
| Financing limit | Maximum financing of up to 10 million as the net financing amount | Maximum financing of Rs. 3 Million Net Financing Amount |
| Repayment tenure | 1 to 5 years agreed at the time of the contract | Financing period 1 to 3 years for all local manufactured vehicles above 1000 CC; 1 to 5 years for vehicles up to 1000 CC |
| Life insurance coverage | — | — |
| Financed Amount | — | — |
| Security Deposit | Security deposit / Advance rental: Minimum 15% of the cost of vehicle and 25% of the cost of vehicle for Sport Utility Vehicle (SUV) for salaried professionals | Security deposit / advance rental: Minimum 30% SD for all vehicles |
| Minimum monthly income (Salary, ) | — | — |
| Eligibility | Net take home income in excess of 2 times the monthly rental (inclusive of takaful); all monthly repayments including proposed Ijarah rental not to exceed 40% of net income | Net take home income in excess of 2 times the monthly rental (inclusive of takaful); all monthly payments including proposed Ijarah rental not to exceed 40% of net income |
| One-time Processing Fee | No processing charges. Documentation and security perfection charges are to be paid at actual by the applicant | No processing charges, 100% waiver |
| Annual Charges | — | — |
| Limit enhancement fee | — | — |
| Late payment charges | — | — |
| Loan Category | — | — |
| Maximum Tenure | Maximum ijarah tenure: Upto 7 years | Up to 5 years (vehicles up to 1000 CC) |
| Tentative rate | — | — |
| Additional Benefits | — | — |
| Free Insurance & Processing Fee | — | — |
| Interest Rate | Fixed Profit Rates (Non Lien Based): 1 Year 12.98%, 2 Year 13.01%, 3 Year 12.99%, 4 Year 13.12%, 5 Year 13.12%, 6 Year 13.22%, 7 Year 13.29% | — |
| Loan Amount | — | Rs. 3 Million Net Financing Amount |
| Card/Cards | — | — |
| Borrrowing Amount | — | — |
| Educational Loan | — | — |
| Return Policy | — | — |
| Deferment Conditions | — | — |
| Flat rate | — | — |