Are you planning to buy your dream car through Meezan Bank’s interest-free Car Ijarah? Our Meezan Bank car finance calculator helps you estimate your monthly instalments, upfront payment, and total payable amount in seconds—based on official Meezan Bank rates (February 2026) and SBP regulations.
Use the calculator below to compare different car options and find the perfect payment plan for your budget.
Meezan Bank Car Finance Calculator
🚗 Meezan Car Ijarah Estimator
Official Meezan Bank rates & SBP regulations ke mutabiq estimated calculations
✅ Prices updated February 2026 | 50+ Cars Available
Option 1
✅ 50+ Cars with updated 2026 prices | ✅ SBP compliant | ✅ Official rates
How Does Meezan Bank Car Finance Work?
Meezan Bank offers Pakistan’s first Riba-free (interest-free) car financing based on the Islamic Ijarah (leasing) principle . Here’s how it works:
Car Ijarah Process:
- Bank purchases the car of your choice
- Bank leases it to you for an agreed period (1 to 7 years)
- You pay monthly rentals during the lease period
- Ownership transfers to you at the end of the term for a token amount
✅ Shariah-compliant | ✅ No interest | ✅ Fixed monthly rentals | ✅ Transparent terms
Meezan Bank Car Finance Rates 2026 (Official)
Based on Meezan Bank’s latest published rates, here are the current profit rates for Car Ijarah :
| Tenure | Fixed Profit Rate |
| 1 Year | 11.83% |
| 2 Years | 11.77% |
| 3 Years | 11.78% |
| 4 Years | 12.09% |
| 5 Years | 12.11% |
| 6 Years | 12.24% |
| 7 Years | 12.34% |
Variable Rate also available at 11.74%
Takaful (Insurance) Rates:
| Provider | Rate | Benefits |
| EFU Takaful | 1.99% | Accidental death coverage up to PKR 2.5 Million |
| Adamjee Basic | 1.99% | Standard coverage |
| Adamjee Premium | 3.50% | Health plan + Travel Takaful up to USD 50,000 |
Who is Eligible for Meezan Bank Car Finance?
For Salaried Professionals:
- ✅ Minimum age: 25 years
- ✅ Maximum age at maturity: 60 years
- ✅ Permanent employees: 3 months in current job with 2 years continuous employment history
- ✅ Contractual employees: 6 months in current job with 3 years continuous history
- ✅ Net income: More than 2x monthly rental (including Takaful)
For Businessmen / Self-Employed:
- ✅ Minimum age: 25 years
- ✅ Maximum age at maturity: 65 years
- ✅ Business experience: Minimum 2 years continuous involvement
- ✅ Position: Proprietor, Partner, or Director
For Roshan Digital Account Holders:
- ✅ Available for all RDA account holders
- ✅ Foreign currency account holders eligible
- ✅ Monthly rentals deducted from PKR RDA account
Security Deposit Requirements (SBP Regulations)
| Vehicle Type | Salaried | Businessman |
| Normal Car (≤1000cc) | Minimum 15% | Minimum 25% |
| SUV (>1000cc) | Minimum 25% | Minimum 35% |
| Used Car | Minimum 30% | Minimum 30% |
| Maximum Deposit | 50% | 50% |
Regular Ijarah vs Residual Value (RV) Ijarah
| Feature | Regular Ijarah | RV Ijarah |
| Monthly Rental | Higher | Lower (up to 40% less) |
| Ownership at End | Token amount | Pay residual value or return car |
| Best For | Those who want to own | Those who want lower monthly payments |
RV Ijarah Residual Values:
| Tenure | Residual Value |
| 1 Year | 60% |
| 2 Years | 60% |
| 3 Years | 50% |
| 4 Years | 50% |
| 5 Years | 40% |
Documents Required for Meezan Car Finance
For Salaried Individuals:
- ✅ Latest employment certificate with joining date
- ✅ Last 6 months salary bank statement
- ✅ Nominee CNIC copy
- ✅ Credit Bureau Report of stay country
For Businessmen:
- ✅ Valid business proof (NTN, Tax Return, Association Letter)
- ✅ Last 6 months verified bank statement
- ✅ Nominee CNIC copy
- ✅ Credit Bureau Report of stay country
Benefits of Using Our Meezan Bank Car Finance Calculator
| Feature | What It Does |
| ✅ Real-time calculation | Instant monthly rental estimate |
| ✅ Official rates | Based on Meezan Bank’s published rates (Feb 2026) |
| ✅ SBP compliant | Auto-validates tenure & deposit rules |
| ✅ Compare up to 6 options | Side-by-side comparison of different cars |
| ✅ RV Ijarah toggle | See lower payment options |
| ✅ Takaful included | Accurate insurance cost calculation |
| ✅ Upfront payment | Know total deposit + takaful cost |
| ✅ Total payable | Complete cost over full tenure |
Frequently Asked Questions
Q1: Is Meezan Bank car finance really interest-free?
A: Yes! Meezan Bank Car Ijarah is Pakistan’s first Riba-free (interest-free) car financing based on Islamic Ijarah (leasing) principle. It’s fully Shariah-compliant .
Q2: What is the maximum tenure for Meezan car finance?
A: Maximum tenure is 7 years for cars up to 1000cc. For cars above 1000cc, maximum tenure is 3 years .
Q3: Can I finance a used car through Meezan Bank?
A: Yes! Meezan Bank offers Used Car Ijarah with minimum security deposit as low as 30% .
Q4: What is the minimum down payment for Meezan car finance?
A: Minimum security deposit is 15% for salaried individuals (normal cars) and 25% for businessmen .
Q5: How accurate is your Meezan Bank car finance calculator?
A: Our calculator is 90-95% accurate as it uses official Meezan Bank rates and SBP regulations. Actual figures may vary slightly at disbursement time.
Q6: Can I apply for Meezan car finance online?
A: Yes, you can start your application online and visit your nearest branch to complete the process .
Q7: What is Residual Value (RV) Ijarah?
A: RV Ijarah offers lower monthly rentals where you pay a residual value at the end to own the car, or simply return it .
Q8: Are there any processing charges?
A: No processing charges! Only documentation and security perfection charges at actual .