Apni Bike Scheme 2025

Last updated on March 26th, 2025 at 11:26 am

Meezan Bank’s “Apni Bike Scheme 2025” is aimed at facilitating more convenient access to motorcycle ownership in Pakistan through Sharia-compliant financing. The scheme follows the Islamic concept ensuring that all transactions are interest-free as per Islamic laws. Apni Bike Scheme aims to allow those who desire to buy motorcycles, particularly Honda models, through convenient monthly installments and without any markup. Through this apni bike scheme, the motorcycle is owned by Meezan Bank, which then later sells it to the customer on a negotiated installment price, assigning ownership upon execution of the delivery order. This approach remains within Islamic legislation but provides an effortless option to own a motorcycle. Payment terms are relaxed under the plan, and Takaful as Islamic insurance will be covering the bike throughout the payment duration.

اپنی بائیک اسکیم پاکستان میں شریعت کے مطابق موٹرسائیکل کی فنانسنگ فراہم کرتی ہے، جو مکمل طور پر بغیر سود کے ہوتی ہے۔ اس اسکیم کے ذریعے، خاص طور پر ہونڈا موٹرسائیکل لینے کے خواہشمند افراد آسان ماہانہ اقساط میں بغیر کسی مارک اپ کے بائیک خرید سکتے ہیں۔ ابتدا میں موٹرسائیکل Meezan Bank کی ملکیت ہوتی ہے، جو بعد میں صارف کو طے شدہ قسطوں پر فروخت کر دیتا ہے، اور ڈیلیوری کے وقت ملکیت منتقل کر دی جاتی ہے۔ اس پلان کے تحت آسان ادائیگی کی سہولت اور تکافل (اسلامی انشورنس) کی کوریج بھی فراہم کی جاتی ہے۔

Eligibility Criteria For the Apni Bike Scheme

To be eligible to apply for the Meezan Apni Bike Scheme, applicants must generally fulfill the following requirements:

Nationality: Pakistani national with a valid CNIC.

Age:

Salaried Individuals: between 21 and 60 years.
Businessmen & Self-Employed Professionals: between 20 and 65 years.

Income:

Salaried Individuals: Minimum gross salary of PKR 40,000. According to other sources, a minimum of PKR 150,000 is charged for motorcycles of 250CC.
Self-Employed Persons: Minimum income of PKR 75,000.
Entrepreneurs/Businessmen: Minimum income of PKR 75,000. The minimum PKR 200,000 is as per some sources for businessmen.
Debt Burden Ratio: The monthly debt repayments, including the motorcycle installment, should not exceed 40% of the net monthly earnings.

Process of Application

The application process for the scheme includes the following steps:

Important Announcement

اگر آپ اس پروگرام میں اپلائی کرنے کے لیے ہماری خدمات حاصل کرنا چاہتے ہیں تو اس نمبر پر رابطہ کریں
📱 WhatsApp: +966594648023
اپلائی کرنے کے چارجز 99 روپے ہیں۔ شکریہ

Document Gathering: Collect all documents required, like a photocopy CNIC, domicile certificate, passport photographs, salary slips (salaried class), and bank statements.
Application Form: Acquire the application form from any Meezan Bank brank branch.

Key Features of the Meezan Bank Apni Bike Scheme

Shariah-Compliant Finance: The scheme is based on the Musawammah principle, wherein the bank buys the motorcycle and sells it to the customer at a price that both parties agree upon, which is to be paid in installments. This process makes the financing Shariah-compliant.
Ownership: The purchaser receives immediate ownership of the motorcycle when the delivery order is signed, receiving all rights and obligations about the vehicle.

Financing Options:

Markup: It gives 0% markup for up to 12 months.
Installments: Monthly installment schemes can be offered for 1, 2, or 3 years, thus allowing people to make their payments easily.
Down Payment: The down payment is between 15% and 50% of the motorcycle’s price, providing flexibility according to the customer’s affordability.
Takaful (Islamic Insurance): Islamic insurance is provided for bike cover.
Monthly Installment process: Monthly installments are deducted automatically from the customer’s Meezan Bank account, making the payment process easy.

Available Bike Models

Meezan Bank provides various bike models from various brands, such as Honda, Suzuki, Yamaha, and Super Power. Some of the popular models are:

Honda: CD-70, CG-125, CB-125F, CB-150F
Suzuki: GD-110S, GS-150, GR-150
Yamaha: YB-125Z, YBR-125, YBR-125G

Advantages of Selecting Meezan Bank Apni Bike Scheme

Interest-Free Financing: The Apni Bike Scheme is interest-free, following Islamic banking principles.
No interest fee: Free form any kind of hidden charges which makes the process transparent.
Flexible payment plans: Payment plans with monthly installments of 1, 2, or 3 years.
Trustworthy Bank: Meizan Bank is a renowned Pakistani Islamic Bank.
Fast processing: They offer fast processing with easy paperwork.

Meezan Bank بائیک اسکیم بغیر سود کے فنانسنگ فراہم کرتی ہے، جس میں کوئی چھپے ہوئے چارجز نہیں ہیں، تاکہ شفافیت یقینی بنائی جا سکے۔ صارفین 1، 2 یا 3 سال کی آسان قسطوں میں ادائیگی کر سکتے ہیں۔ معتبر اسلامی بینک ہونے کے ناطے Meezan Bank تیز ترین پروسیسنگ اور کم سے کم کاغذی کارروائی کے ساتھ موٹرسائیکل حاصل کرنے کا آسان موقع فراہم کرتا ہے۔

Limitations of the Apni Bike Scheme

Eligibility Restrictions: There might be strict eligibility restrictions that will exclude some potential candidates.
Limited Brand Options: The scheme might have limited brand options and models.
Processing Fees and Insurance Premiums: Extra charges like processing fees and Islamic insurance might add to the overall cost.

Available Honda Bike Models & Installment Plans

Model	Price	24 Months EMI Pkr	36 Months EMI Pkr
Honda CD 70	157900	7775	5225
Honda CG 125	234900	11560	7770
Honda CB 125	390900	18980	12750
Homda CB 150	493900	23950	16110

Note: Prices are subject to change according to Meezan Bank’s latest updates.

Payment Breakdown for Honda CD 70

✔ Bike Price: PKR 157900

✔ Down Payment (15%): PKR 23685

✔ Processing Fee: PKR 10000

✔ Islamic Insurance: PKR 2500-3000

✔ Monthly Installment (24 Months): PKR 7775

✔ Monthly Installment (36 Months): PKR 5225

✔ There are no additional charges. The overall price is the same.

Conclusion

The “Apni Bike Scheme 2025” presents a sharia avenue for individuals in Pakistan to achieve ownership of a motorcycle. By following the Islamic financing principles and offering managed installment plans, the scheme aims to broaden access to motorcycles, especially in a market where rising prices can make such purchases difficult. Although eligibility criteria may ban it for some, the benefits of the scheme, such as interest-free financing and clear conditions, keep it as an attractive option for those seeking to obtain motorcycles under Islamic values.

FAQs

The Meezan Bank Apni Bike Scheme 2025 is Sharia-compliant financing that provides an opportunity for people to acquire motorcycles in affordable monthly installments based on the Islamic concept of Musawamah. It is geared towards salaried employees, businessmen, and self-employed professionals to own a bike without transactional interest.

The program functions on the model of Musawamah under which Meezan Bank buys the motorcycle from the market and sells it to the buyer at a mutually convenient price, for which the payments are made in installments. The customer receives ownership of the bike at the time of delivery order signing.

To be eligible, applicants must be Pakistani nationals, permanent residents of Pakistan, and meet specific age and income requirements. Salary persons require a minimum gross salary of PKR 40,000 per month, while self-employed individuals and traders require a minimum monthly income of PKR 75,0001. The loan burden ratio should not exceed 40% of pure monthly income .

The applicants have to provide a photocopy of a Computerized National Identity Card (CNIC), recent passport photograph, duly completed declaration of financing form, and signature verification form. The salaried applicants are required to submit salary vouchers and proof of employment.

The down payment for the bicycle is between 15% and 50% of the purchase price based on the customer’s finance1. Repayment is offered for 1, 2, or 3 years, based on the bicycle type.

You can download the application form from the website of Meezan Bank or pick it up from a selected branch. Fill out the form, attach the required documents, and submit it at the nearest Meezan Bank branch.

Takaful is Islamic insurance that provides financial protection for the motorcycle during the installment period, ensuring security in case of theft or accidental damage.

Yes, Meezan Bank charges a processing fee, which varies depending on the motorcycle model and financing tenure.