MEEZAN BANK CAR LOAN | MEEZAN BANK CAR LOAN CALCULATOR

 

In Pakistan, Meezan Bank provides
an interest-free car loan. It is also known as Car Ijarah because the loan
program is entirely supported through Islamic means. The Car loan offer is a
financial assistance program for people who want to buy a car with a loan from
any bank but do not want to pay back the money with interest.

HOW DOES CAR IJARAH WORK?

Assume you want to buy a car
through the meezan bank car ijarah program. In that case, first, you need to
apply for a car loan from a bank. Meezan Bank will buy a car from the company with its own money and hand it over to you under a car rental
agreement, which means you will have to pay installments over 1 to
5 years.

CAR LOAN OFFER OF MEEZAN BANK
2022 ELIGIBILITY CRITERIA

Before applying for a car loan,
every applicant must meet a few criteria.

·       
You can only apply for
cars that have been locally assembled or manufactured in Pakistan.

·       
Security deposit / Rent in
advance: A minimum of 15% and a maximum of 50% of the vehicle’s cost

·       
You are not a bank
defaulter or overdue customer.

·       
All Roshan Bank account
holders are eligible as well.

·       
There are no processing
fees.

·       
Installments based monthly

·       
Your vehicle will be
delivered to the applicant’s nominee / co-borrower (blood relative –
father/mother, son/daughter, brother/sister, or spouse residing in Pakistan).

·       
If you are under 70, you can apply for a car loan.

·       
Non-filers face an
additional 4% tax.

DOCUMENTS REQUIRED FOR APPLYING
FOR MEEZAN BANK CAR ON LOAN

Required documents for salaried
persons

·       
Copy of CNIC

·       
6 months’ salary bank
statement

·       
Employment Certificate (In
case of Employee)

·       
One passport-size
photograph

·       
name of HR representative
with a valid email id

Required documents for
businessman

·       
You have to provide valid
business proof

·       
Provide the last 6-month bank statement
with the embassy

·       
Your CNIC copy

·       
If earning remittance
income, then need to provide bank statement of remittance

MEEZAN BANK SPECIAL OFFER FOR
LOCALLY ASSEMBLED AND NON-COMMERCIAL VEHICLES

MEEZAN BANK CAR LOAN FORM

after reading the eligibility criteria
for a car loan from meezan bank, if you have made up your mind, do not waste more
time. For this purpose, initially, you have to fill out a form. Here is the link to the car loan form to make things easy for you.

MEEZAN BANK CAR LOAN HELPLINE

to collect information, visit
your nearest Meezan Bank branch or feel free to call 111-331-331. You can also
find more information online.

MEEZAN BANK CAR LOAN FATWA

Fatwa favors the mean
bank, as Jamia Dar al Uloom issued a fatwa signed by maulana Tariq Jamel.
Here I’m providing the link to the fatwa.

MEEZAN BANK CAR LOAN CALCULATOR

meezan bank also provides a
facility to calculate the installment plan according to the car you are buying. As
we know, every car model has a different price, so the installment plan is
also different as per the net amount of the vehicle.

Click here to calculate the
installment plan for the car.

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