Meezan Bank has introduced a new installment-based financing offer under its “Meezan Apni Bike” program, allowing customers to purchase Revoo electric bikes with 0% markup for up to 12 months. The initiative aims to support the adoption of electric vehicles by providing accessible payment options.
The offer includes a monthly installment as low as Rs. 14,333, calculated based on a 20% down payment and a 12-month financing period. The financing is structured under the Islamic banking model of Musawamah, ensuring it aligns with Shariah principles. This arrangement allows buyers to pay the actual invoice value of the bike without any added interest.
Interested customers can apply for the offer by visiting their nearest Meezan Bank branch or by accessing the official Apni Bike webpage. Applications are subject to Meezan Bank’s financing eligibility criteria.
The financing applies specifically to Revoo electric bikes, which are positioned as an alternative to conventional petrol-powered two-wheelers. These bikes are known for being energy-efficient and cost-effective in urban commuting.
The offer is available for a limited time and is subject to terms and conditions set by the bank. Customers must provide valid identification and income proof as part of the application process. The bank reserves the right to approve or reject applications based on internal credit assessment.
