Suzuki is one of the leading names in the Pakistan automobile industry and around the world. Similarly Meezan Bank is one of the leading and fastest growing Islamic banks in Pakistan. Now Meezan Bank has joined hands with Suzuki to introduce car financing scheme for the recently revealed Suzuki WagonR.
Meezan Bank and Suzuki are offering the Suzuki Wagon R under an affordable and attractive scheme. The scheme has been labeled Residual value car ijarah which is a little different from normal car ijarah. Under the residual value car ijarah, customers have to pay a significantly less amount per month in installments. Under normal car ijarah, a customer would have to pay Rs 28172 per month for 3 years but under the new scheme the monthly installment can be as low as Rs 15485.
Additional benefits are also offered under the scheme which includes delivery and Takaful (Islamic insurance) with free accidental death coverage. The security deposit and processing charges are also low as compared to other car financing schemes. Another vital part of the package is the tracker which is necessary for security. The tracker is provided free of charge and with no upfront installation and monitoring.