Meezan Bank Car Ijarah 2026 – Get Your Dream Car on Halal Installments

Buying a car in Pakistan has become difficult due to rising prices and higher living costs. Many people cannot afford to pay full cash for a vehicle. Meezan Bank Car Ijarah 2026 is a Shariah-compliant auto financing solution that helps people own a car without interest. This scheme is based on the Islamic concept of Ijarah, where the bank buys the car and gives it on rent to the customer. The customer pays monthly rentals instead of interest. With flexible tenure, reasonable down payment, and a residual value option, this plan is suitable for salaried persons and business owners who want a halal way to buy a car.

Point	Short Detail
Bank	Meezan Bank Pakistan
Scheme	Car Ijarah 2026
Nature	100% Islamic, Riba-free
Vehicles	New, Used, Imported

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Meezan Bank Car Ijarah 2026 Plan Overview

Meezan Bank Car Ijarah 2026 offers flexible financing options according to customer needs. The bank allows financing for new, used, and imported cars. Customers can choose a tenure from one year to seven years. The down payment usually starts from 15 percent and can go up to 50 percent depending on the car and profile. Maximum financing can reach up to Rs. 10 million. A small processing fee is charged at the time of application. The entire structure is rental-based, which means customers pay monthly rent instead of interest, keeping the process fully Shariah-compliant.

Detail	Information
Tenure	1 to 7 Years
Down Payment	15% to 50%
Max Amount	Up to Rs. 10 Million
Processing Fee	Approx. Rs. 4,000

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Key Features of Meezan Bank Car Ijarah 2026

Meezan Bank Car Ijarah 2026 includes several features that make it popular among customers. The residual value option allows customers to keep monthly rentals low by paying a lump sum amount at the end. The scheme is fully interest-free because the bank earns through rent, not interest. Takaful coverage is included in monthly rentals, so there is no need for separate insurance payments. Customers also have the option of early purchase if they want to buy the car before the tenure ends. These features make the scheme affordable and reliable for long-term use.

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Eligibility Criteria for Meezan Bank Car Ijarah 2026

Meezan Bank has set clear eligibility rules for applicants. Salaried individuals must be at least 25 years old and should not exceed 60 years at maturity. Their salary should be sufficient to cover monthly rentals. Businessmen and self-employed persons can apply up to the age of 65 at maturity. They must have an active business for at least three years and should be registered tax filers. These conditions help the bank ensure that customers can easily manage their payments without financial pressure during the lease period.

Required Documents for Meezan Bank Car Ijarah 2026

Applicants need to prepare basic documents before applying. Salaried individuals must provide a copy of CNIC, recent photographs, latest salary slip, and bank statement. Business owners need to submit CNIC, photographs, bank statement, and proof of business such as NTN or letterhead. Providing complete and correct documents helps speed up the approval process. Incomplete paperwork may cause delays, so applicants should double-check everything before visiting the bank.

How to Apply for Meezan Bank Car Ijarah 2026 Step by Step

Applying for Meezan Bank Car Ijarah 2026 is simple and straightforward.

Visit the nearest Meezan Bank Consumer Finance Centre
Fill out the Car Ijarah application form and pay the processing fee
Bank conducts verification of residence and workplace
Approval is issued after assessment
Vehicle is booked and delivered after approval

Step	Action
Step 1	Visit Meezan Bank branch
Step 2	Submit application & fee
Step 3	Verification & approval
Step 4	Car delivery

Conclusion

Meezan Bank Car Ijarah 2026 is a reliable and halal solution for people who want to own a car without interest. It offers flexible tenure, affordable rentals, and Shariah-compliant financing. The residual value option helps reduce monthly payments, making it easier for middle-income families. In this article, we are sharing all the details about Meezan Bank Car Ijarah 2026, including features, eligibility, documents, and step-by-step application process. If you are planning to buy a car this year, Meezan Bank Car Ijarah 2026 is one of the best Islamic options available in Pakistan.