Meezan Bank Launches 0% Markup Installment Plan for Revoo Electric Bikes
Meezan Bank has introduced a new installment-based financing option under its “Meezan Apni Bike” program, enabling customers to purchase Revoo electric bikes with 0% markup for up to 12 months. The initiative is designed to encourage the adoption of electric vehicles in Pakistan by offering convenient and affordable payment plans.
Installment Plan Details
Under this offer, customers can own a Revoo electric bike with a monthly installment starting at Rs. 14,333, based on a 20% down payment and a 12-month repayment period.
The financing is offered through the Islamic banking model of Musawamah, ensuring full compliance with Shariah principles. Customers will only pay the actual invoice value of the bike, without any additional interest or hidden charges.
How to Apply
Interested buyers can apply by visiting their nearest Meezan Bank branch or through the official Meezan Apni Bike webpage. Applications will be processed according to the bank’s financing eligibility criteria, which include valid identification and proof of income.
Why Revoo Electric Bikes?
The financing is specifically available for Revoo electric bikes, which provide a sustainable and cost-effective alternative to traditional petrol-powered motorcycles. Known for their energy efficiency, these bikes are particularly suitable for urban commuting.
Limited-Time Offer
The 0% markup financing is available for a limited time and is subject to the bank’s terms and conditions. Meezan Bank also reserves the right to approve or decline applications based on internal credit assessments.
