Meezan Car Ijarah·12.27% fixedNot published by Meezan Bank — indicative only, confirm at branch
Where this number comes from: Meezan Bank does not publish a governing markup rate for Meezan Car Ijarah on its own website. The figure above is compiled from third-party sources and has not been confirmed by the bank. Use it to size a monthly payment, not to decide between lenders — call Meezan Bank for a quote before you commit.
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Meezan Bank Car Loan Calculator Pakistan 2026
Estimate your Meezan Car Ijarah monthly instalment, then compare it side by side against every other major bank. SBP tenure rules applied automatically.
📋 Loan details
30% of vehicle price (SBP minimum: 30%)
ℹSBP rule: max tenure 3 years for vehicles above 1000cc.
✓ Your estimate
Monthly installment
PKR 105,032 /mo
Loan amountPKR 3,150,000
Total markup / interestPKR 631,143
Total payablePKR 3,781,143
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Your estimated EMI: PKR 105,032/mo
Amortization schedule
Year-by-year breakdown of principal vs. interest, and your remaining balance.
| Year | Payment | Principal | Interest | Remaining balance |
|---|---|---|---|---|
| 1 | PKR 1,260,381 | PKR 924,735 | PKR 335,646 | PKR 2,225,265 |
| 2 | PKR 1,260,381 | PKR 1,044,803 | PKR 215,578 | PKR 1,180,462 |
| 3 | PKR 1,260,381 | PKR 1,180,462 | PKR 79,919 | PKR 0 |
Compare bank rates
| Bank | Rate | Max tenure | Max financing | Est. monthly |
|---|---|---|---|---|
| Meezan Car Ijarahislamicviewing | 12.27% fixed* | 3 yrs | PKR 10,000,000 net, up to 2 vehicles | PKR 105,032/mo |
| BankIslami Auto Musharakaislamic | 14% fixed* | 3 yrs | 70% (new cars only) | PKR 109,196/mo |
| Faysal Islamiislamic | 17.05–18.05% | 3 yrs | PKR 3,000,000 (70% of value) | PKR 113,170/mo |
🕒 Total markup = 1-year KIBOR (12.05%, SBP, 27 Jul 2026) + that bank's own spread, where applicable. Rates marked * are not published by the bank on its own website and are indicative only. SBP caps total auto financing at PKR 3,000,000 per person across all banks. Always confirm your exact offer with the bank directly.
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How Meezan Car Ijarah works
Car Ijarah is a lease, not a loan. Meezan Bank buys the vehicle and leases it to you for an agreed rental; ownership transfers at the end of the term. Because it is a rental rather than interest on a debt, the monthly figure is fixed for the full tenure and does not move with KIBOR.
What to check before applying to Meezan Bank
- The rental is fixed for the whole term. That costs more than a variable product when rates are falling and protects you when they are rising — a real trade-off, not a marketing point.
- The bank owns the vehicle during the lease, so comprehensive Takaful is mandatory and is built into the rental.
- Early termination of an Ijarah works differently from early settlement of a loan. Ask specifically how the residual is calculated before you commit.
- Car Ijarah is Pakistan's most widely used Islamic auto product, which usually means faster processing at Meezan branches than Islamic windows at conventional banks.
Moneylyn is not affiliated with Meezan Bank. Rate figures are indicative, verified 2026-08-05, and change with SBP policy revisions and your individual profile. Always confirm current terms directly with the bank before applying.
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