Terms & Conditions:

• Limited colors can be obtained.
• Restricted stock available. Avail now while shares final.
• The application procedure shall be commenced after receipt of most needed papers.
• If the application is authorized client shall be asked to spend the actual quantity of safety Deposit ahead of the disbursement of Ijarah center.
• Client is needed to pay processing costs ( Non-refundable) during the time of publishing application along side necessary papers.
• Meezan Bank reserves the rights to reject any application without assigning any explanation.

Normal Ijarah

Fundamental Features

• Asset: All brand brand brand new locally put together automobiles costing as much as Rs. 8 million
• Part of Meezan Bank: to get a car and hire it towards the consumer under an Ijarah contract
• Ownership (title): Ownership lies with Meezan Bank Limited
• Amount of facility: 1-5 Years
• Mode of re payment: Through post dated cheques or direct debit directions. In the event of Direct Debit Instruction six cheques that are additional additionally be acquired.
• Takaful: All automobiles under Meezan Bank vehicle Ijarah is likely to be included in our authorized Takaful /Insurance businesses
• Tracker: Tracker (both installation & yearly monitoring fees) become set up in most cars.

Unique Selling Points

• Pakistan’s completely that is first Automobile Financing Scheme
• Cheapest per thirty days lease
• Priority delivery for all Indus variants (50%)
• Cheapest processing costs
• Cheapest at the start payment
• First rent after one thirty days of distribution
• Option of Takaful
• Complimentary acc (with installation & yearly monitoring fees)
• Competitive Service

Res In A ijarah that is regular model the client need not spend any money to your Bank for acquiring the automobile upon completion associated with Ijarah duration.

When you look at the Residual Value Ijarah model, the monthly rentals are notably less than the standard Ijarah model because here the consumer agrees to pay for a particular amount to your Bank for acquiring the automobile upon conclusion associated with Ijarah period. The client also offers the choice that in the place of having to pay the lender and acquiring the vehicle upon conclusion associated with Ijarah period, they can just return the vehicle into the Bank.

This model allows the consumer to just take automobile on somewhat paid down leasing. Consumer also can, dependent on their month-to-month payment that is rental, get a much higher-value automobile than they can beneath the regular Ijarah model.

Special Offer – for many brand brand brand new locally put together & noncommercial cars

Premature Termination

The customer will have an option to buy the vehicle on the agreed purchase price as mentioned in the Terminal-value schedule forming part of the Ijarah documents if the customer wishes to terminate the Agreement before the agreed period. The acquisition cost takes under consideration the amounts that are following

• The main outstanding as dependant on the amortization routine regarding the Ijarah contract.
• Residual value amount.

Maturity of RV Ijarah

Upon completion associated with Ijarah duration and repayment of all of the rentals, client could have an alternative to buy a vehicle.

Car Funding

Meezan Bank also finances vehicles that are used automobile Ijarah!

Along with renting of the latest vehicles, Meezan Bank also supplies the unique possibility of leasing second-hand, both locally put together and imported cars. This particular feature is specifically made as being a very affordable choice. The utilized Car Ijarah center is manufactured offered at a minimum-security deposit as little as 15%.