A secured loan sets your house or automobile in danger

A secured loan sets your house or automobile in danger

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  • A secured loan is a kind of loan that is guaranteed in full by security which you possess, such as for example your property or vehicle. Continue reading

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Pakistan’s First Riba-free Car Financing

What exactly is Meezan Automobile Ijarah?

Automobile Ijarah is Meezan Bank’s automobile financing item and it is Pakistan’s first Interest-free automobile funding. It’s in line with the Islamic financing mode of Ijarah (renting). This system is great for people who would like to get financing that is interest-free acquiring a car or truck.

Automobile Ijarah works through a car or truck leasing agreement, under that your Bank acquisitions the vehicle and rents it off to the client for a time period of 1 to 7 years, consented at the time of the contract. The vehicle will be sold at a token amount or gifted to the customer upon completion of the Ijarah period.

Key Features

Lowest At The Start Payment

Rental Re Re Payment starts after Vehicle Delivery

Quick Processing Time

Tracker should be set up in every cars without any monitoring and installation expense

Totally Free death that is accidental of upto Rs. 400,000

Minimal safety deposit only 15%*

Meezan Bank will keep W.H. T (With Holding Tax) on purchase of car

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