Meezan Bank Car Ijara Calculater 4d3213

Car ijarah Requirement • • • • • • • • • •

Complete application Six month bank statement, sing. & stamp Signature verification Copy of NIC & 2 reference NIC copies Two port 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 V (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

Select Model

Car Price

Security Deposit

Tenure

Honda 2004 to2009 250000 to 1.5 million 20% to 50% 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 ed. • 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 COROLA GLI

cost 1414000 1414000 1414000 1414000 1414000 1414000

security deposit 353500 (25%) 424200 (30%) 494900 (35%) 565600(40%) 636300(45%) 707000(50%)

total Monthly rent 32501(5 year) 30667(5year) 28833(5 year) 26999(5year) 25165(5year) 23331(5year)