Most Pakistani people prefer motorbikes for their everyday use because of affordability. They are better than cars in many ways like cost, convenience, and speed. However, due to the recent rise in inflation, bike prices are also soaring higher. Therefore people are switching to the option of leasing. So, here is a convenient Honda CD 70 instalment plan with Meezan Bank for the tenure of 2 years.
Overview
Honda CD 70 is a favourite two-wheeler for the Pakistani public because it is reliable, affordable, and fuel efficient. It comes with a 70cc 4-Stroke Single Cylinder Air Cooled engine that produces a horsepower of 5.1 HP @ 7500.0 RPM and 5.0 Nm @ 5500.0 RPM of Torque. It has a sleek and smart body shape which makes it ideal for the roads of Pakistan. Moreover, the sleek design also helps in providing a better fuel average. Honda CD 700’s fuel average is around 55 km/l. The top speed of the Honda CD 70 is 80 km/h.
Honda CD 70 Instalment Plan 2023
In 2023, the prices of Honda bikes have experienced massive hikes within a few months. So to maintain the purchasing power of customers, Meezan Bank has an Apni Bike auto loan financing. It provides bike loans for clients with easy monthly instalments. With Meezan Bank, the clients can lease their Honda CD 70 for a tenure of 1 to 3 years with riba-free monthly rentals.
This Shariah complaint bank also provides a range of options in instalment plans according to the needs of clients. Therefore, there are several down payment options to choose from, starting from 155 to 50%.
| Equity | Vehicle Price | Down Payment + Processing Fee | Total Upfront | Monthly Instalment |
| 15% | RKR 154,900 | 1,800+ 18,735 | PKR 20,535 | PKR 6,213 |
| 20% | RKR 154,900 | 1,800+ 24,980 | PKR 26,780 | PKR 5,847 |
| 25% | RKR 154,900 | 1,800+ 31,225 | PKR 33,025 | PKR 5,482 |
| 30% | RKR 154,900 | 1,800+ 37,470 | PKR 39,270 | PKR 5,116 |
| 35% | RKR 154,900 | 1,800+ 43,715 | PKR 45,515 | PKR 4,751 |
| 40% | RKR 154,900 | 1,800+ 49,960 | PKR 51,760 | PKR 4,385 |
| 45% | RKR 154,900 | 1,800+ 56,205 | PKR 58,005 | PKR 4,020 |
| 50% | RKR 154,900 | 1,800+ 62,450 | PKR 64,250 | PKR 3,645 |
Terms and Conditions
- A processing fee of Rs 1,800 is compulsory for all applicants.
- Documentation charges are exclusive of this Honda CD 70 instalment plan.
- The applicant must be a citizen or resident of the Islamic Republic of Pakistan.
- To apply for Apni Bike Scheme, the applicant has to fill out a form at Meezan Bank’s selected branches and attach the required documents. it takes 5-7 working days to process your application.
