Meezan Consumer Ease is a Shariah-compliant financing facility for purchasing consumer durable goods such as Air conditioners, refrigerators, generators etc. Under this facility, Meezan Bank will approve an overall limit for you after evaluating your application; you can then purchase durable goods, upto the amount of the facility approved for you, from the range of products offered by the Bank.
First ever limit based Islamic financing facility for consumer durable goods
Financing based on the Shariah-compliant concept of Musawwamah.
Easy Installment options for 3 to 24 months.
Limit is valid for 3 years, and will be utilized for purchase of durable goods.
Financing limit ranges between a Minimum of 35,000/- up to the maximum of 1,000,000/-
Pakistani, Adult, Permanent resident
Salaried 20 – 60 years old
Businessmen and SEP 20 - 65 years old
Salaried Class - 25,000/- (Gross Salary)
SEP - 40,000/-
Businessmen - 40,000/-
Monthly instalment should not be more than 35% for net monthly income /- (For Salaried, SEP and Businessmen)
Down Payment: 15% of Market Price
Tenor: 3, 6, 12 , 18, 24 months
Payment Mode: Direct debit instruction (DDI)
Late Payment: No Late Payment Charges
Security : Personal Guarantee & 3 un-dated cheques of Meezan Bank account
|Processing Fees||Rs. 1,500 (Non-refundable)+ Legal documentation charges at actual.|
|Down Payment||Minimum as per the given Installment Plan|
|Repayment Mode||Direct Debit Instruction (DDI)|
|Pre-payment Penalty||No prepayment penalty. Selling price once set will not be allowed to change.|
|Security||3 un-dated Cheques of Meezan Bank account|
Cell No:0345-2261260 / 0335-0259654
Helpful Downloads: Consumer Ease Form