Car ijarah Requirement

• Complete application
• Six month bank statement, sing. &
stamp
• Signature verification
• Copy of NIC & 2 reference NIC
copies
• Two passport size photographs
• Copy of valid driving license
• Copy of utility bills
• Letter head of business
• Salary slip
• Processing charger Rs. 3000
 Term and condition
• Meezan bank not take insurance
in down payment

• Registration and delivery charges

will be paid by bank at time of
delivery but recovered after month
later in first month.

• Customer age should not more

than 65 year at maturity

• Rent will be started after one

month delivery of vehicle
 Process & valuation charges for
new car (domestic)
If Less than 1 million
• Process charges 4000 PKR

If greater than one

million
• Process charges 5000 PKR
 Process & valuation charges for used
car (domestic)
If les s than 1 million
• Process Charges 3000 PKR
• Valuation Charges 1500 PKR
If between than 1 million to
1.5 million
Process Charges 4000 PKR
Valuation Charges 1500 PKR
If greater than 1.5 million
Processing charges remain same
Actual valuation charges charge
 Process & valuation charges of
(commercial vehicle)

If less than 1 million

• process charges 4000 PKR
Out station verification charges
• 500 to 1000 depend upon distance
 Car offering by Meezan bank
• Suzuki
• Honda
• Toyota
• Nissan
• Hyundai
• Mitsubishi
• Suzuki Product offering by Meezan Bank
• Mehran VXS
• Mehran CNG
• Mehran CNG AC
• Alto VXP
• Alto VXP AC
• Alto CNG & AC
• Cultus
• Cultus CNG & AC
• Liana
• AVP CNG 1.5
• Jimny
• Bolan
• Ravi
• Swift
 Honda Product
• Honda Civic VTEC
• Honda Civic VTEC
Prosmatic
• Honda Civic VTI
• Honda City VTI
• Honda City I-VTE CVT 1.3L
• Honda Accord
• Honda CPV (4WD)
Hyundai Product
• Hyundai Santro Exective
• Hyundai Santro GV
• Hyundai Santro Club
• Hyundai Santro Club GV
• Hyundai Santro Prime
• Hyundai Santro Prime GV
• Hyundai Shahzore Pick Up
• Flat Deck Pick Up
• Deck Less Pick Up
 NISSAN Product By Meezan Bank
• SUNNY S/Saloon 1600 cc M/T
• SUNNY EXS 1300 cc M/T
• SUNNY EXS 1300 cc A/T
• SUNNY EXS 1600 cc M/T
• Sunny EXS 1600 cc A/T
• CERIFO 2300 cc A/T
• XTRAIL (LE-6F) 2200 cc Diesel
• XTRAIL (SLX-6F) 2200cc Diesel
• XTRAIL (LE-5F) 2500 cc Petrol M/T
• XTRAIL (SLX) 2500 cc Petrol A/T
• PATROL TD42 SGL Grade Diesel M/T
 New Car Payment Calculator
  Use our online calculator to calculate your flexible payment plan  

Select Car Vendor

Suzuki
Select Car
any
Security Deposit
20% To50%
Tenure
3 to 5 year
Car Delivery
Immediate/Booking
Booking Period In Months
1 To 12
SCalculate
3800000
2004
25%
u years
zuki
Old Car Payment Calculator
Use our online calculator to calculate your flexible payment plan  
Select Car Vendor
Honda
Select Model
2004 to2009
Car Price
250000 to 1.5 million
Security Deposit
20% to 50%
Tenure
3 to 4 year
Used vehicles costing over Rs. 1.0 million should not be more than 2 years old. 
  
 TERM AND CONDITION
(FOR OLD CAR)
• The second hand car selected should not be more then
twice registered.
• The vehicle should not be older than 5 years.
• The minimum security deposit for a vehicle up to 2 years of
age is 20%, while minimum security deposit for a vehicle
over 2 years of age is 30%.
• At the time of maturity of Ijarah agreement, the vehicle
should not be more than 8 years old. This means that if a car
is 5 years old, the Car Ijarah tenure is not more than 3 years
and if its 4 years old, the tenure may be set for a maximum
4-year term.
• Second hand vehicles selected should not be worth more
than Rs. 1.5 million and less than Rs. 250,000/-. Meezan
Bank will have the vehicle valued by an independent
valuation company accordingly.
CALCULATION

• Vehicle cost security deposit total Monthly rent

COROLA GLI 1414000 353500 (25%) 32501(5 year)
1414000 424200 (30%) 30667(5year)
1414000 494900 (35%) 28833(5 year)
1414000 565600(40%) 26999(5year)
1414000 636300(45%) 25165(5year)
1414000 707000(50%) 23331(5year)