Meezan Bank Car Ijarah & Rental Calculator
Meezan Bank Car Ijarah is vehicle financing through leasing: the bank buys the vehicle and rents it to the customer under an agreed contract. Compare a complete quotation, including deposit, rental, Takaful and any final purchase amount.
Content updated: 13 October 2026. Data periods are labelled below.
Car Ijarah terms and processing fee
The official product page describes regular Car Ijarah terms of 1–5 years and a minimum security deposit as low as 30%. It lists domestic upfront processing charges of Rs 3,800, with applicable FED and other actual charges. The earlier calculator used Rs 3,100; that figure has been removed.
RDA Car Ijarah has separate eligibility, deposit and tenure provisions. Do not apply RDA non-lien profit rates to a domestic rental estimate. Obtain the rate and total charges for your own application from Meezan.
Residual value versus regular Ijarah
The residual value option reduces rentals by leaving an agreed amount payable at the end if you purchase the vehicle. Returning the vehicle is an alternative described on the product page. Meezan states that residual value Ijarah is not offered to RDA holders. Confirm the final amount, condition requirements and termination schedule before comparing offers.
Meezan Car Ijarah calculator: illustration
Enter the annual rate from your own quotation. This uses a standard equal-payment reducing-balance formula and assumes no balloon amount. It is not Meezan’s rental-factor calculation. Takaful, tracker, taxes, processing, documentation and residual value are excluded.
How to prepare your application
Ask for the checklist applicable to your employment or business status. Compare the deposit, rental start date, total costs, Takaful and early exit terms in writing. The bank’s credit assessment determines approval; the calculator does not establish eligibility. Overseas applicants should also read the Roshan Digital Account guide.