Meezan Bank, a leading Islamic bank in Pakistan, has expanded its services by offering interest-free installments on certified used Suzuki cars, including popular models such as Alto, Cultus, and Wagon-R.
This initiative aims to provide customers with an affordable and convenient way to own reliable vehicles, complementing the bank’s commitment to delivering innovative and Shariah-compliant financing solutions.
One of the key features of this program is the inclusion of a comprehensive warranty on the used cars. Meezan Bank has collaborated with Suzuki, a trusted name in the automotive industry, to ensure that each certified used car meets stringent quality standards and has undergone thorough inspections. This warranty provides customers with peace of mind and protection against unexpected repair expenses.
Customers opting for this offer will also benefit from discounted monthly rentals, making the installment payments even more affordable. Additionally, Meezan Bank has arranged discounted takaful (insurance) rates, reducing the overall cost of ownership.
To cater to a wide range of preferences, Meezan Bank is providing financing options for Suzuki cars up to eight years old. This flexibility enables customers to choose from a diverse selection of vehicles that suit their needs and budget.
In order to make the process convenient and accessible, Meezan Bank is offering a 100% waiver on the processing fee, eliminating an additional financial burden for customers. Moreover, after making 12 months of regular payments, customers can benefit from a 100% waiver on early termination profit, providing them with the flexibility to adjust their financial commitments as required.
In addition to leasing new cars, Meezan Bank has extended its services to include second-hand vehicles, both locally assembled and imported. This unique feature offers customers a highly economical option for acquiring a vehicle.
The Used Car Ijarah facility requires a minimum-security deposit, which can be as low as 30% of the car’s value. For locally manufactured or assembled vehicles with an engine capacity of up to 1000 CC, a 15% security deposit is applicable.
Meezan Bank’s initiative to provide interest-free installments on used Suzuki cars underscores its commitment to customer satisfaction and financial inclusivity. By making reliable transportation more accessible and affordable, the bank is empowering individuals and families to fulfill their aspirations and improve their quality of life.
Interested customers can visit any Meezan Bank branch to explore the available options and take advantage of this limited-time offer. For the latest information and specific requirements, individuals are advised to contact Meezan Bank directly
