About Meezan Bank
Meezan Bank is the first largest Islamic bank that is publicly listed with the paid-up capital of PKR 10 Million. One of the fastest growing financial entities in Pakistan, the Meezan Bank is working with the aim of establishing Islamic banking as the priority banking. The bank started its operations in 2002 with the First Islamic Banking License issued by the State Bank of Pakistan. The bank offers a wide range of Islamic banking services and products backed with the T-24 core banking system. Operating 24/7 the bank has more than 570 ATMs around Pakistan with online banking facilities.
Get Car Financing from Meezan Bank
Meezan Bank Car Ijarah (Car Financing)
The Car Ijarah, offered by Meezan Bank is first interest-free car financing product in Pakistan. The product is truly based on the Islamic Financing mode of the Ijarah or leasing and is the best option for the people who are looking to get an interest free financing to have their own car.
Eligibility Criteria for Meezan Bank Car Loan
For a salaried person, it is necessary to have minimum 3 months on the current job and with 2 years of continuous employment. A business person must have 2 years of continuous business with partnership or shares and income should be more than the per month rental. In both the cases the individual must have a clear e-CIB and data check, no overdue or default.
Features & Benefits of Meezan Bank Auto Loan
The Meezan car Ijarah offer lowest upfront payment and you will pay the rental payment after the delivery of the vehicle. It offers quick processing time; trackers will be installed with free monitoring and installation. Free health and death coverage for up to Rs 400,000 with security deposit low as 15%. The With Holding tax on vehicle buying will be paid by the bank and not by the customer.