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 6 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: From 5% to 50% of Market Price (T&C Apply)
Tenor: 3, 6, 12 , 18, 24 months
Payment Mode: Direct debit instruction (DDI)
Late Payment: No Late Payment Charges
Security : 3 cheques of Meezan Bank account
Note: In line with State Bank of Pakistan's regulatory requirement, negative history (i.e. overdue/ late payment/ write-off/ waiver) of consumer/individual customers will be reflected in eCIB reports for two years after settlement.
Pakistani, Adult, Permanent resident
20 - 65 years old (Businessmen & SEP) at maturity
20 – 60 years old (Salaried) at maturity
Salaried Class : Rs 25,000
SEP : Rs 40,000
Businessmen : Rs 40,000
35% for net monthly income /- (For Salaried, SEP and Businessmen)
Rs. 1,800
Direct debit instruction (DDI)
To apply for Meezan Bank’s Consumer Ease, fill out the application form (available at any Branch and on Meezan Bank’s Website), attach the required documents and get your financing limit approved. Once the limit is approved you can choose the item you want to purchase and Meezan Bank will arrange to have it delivered to your address.
| Processing Fees | Rs. 1,800 (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 : 0331 2592705
Cell No : 0331 2674004
Cell No: 0301 1189153
Cell No: 0304 1927401
Cell No: 0301 1189140
Cell No: 0300 6362042
Helpful Downloads: Consumer Ease Form
Fill out the form below and you will be contacted by a Meezan Bank representative.
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