Meezan Bank has launched a new consumer financing product, which is Shariah-compliant and it will allow individuals and businesses to purchase laptops on easy installments.

By obtaining this facility, consumers can get laptops at an easy installment of 3 to 24 months in total. The bank will not charge any profit or return for customers who opt for the 3 month or 6 month installment plan.

The product has been launched in collaboration with M/s. New Horizon and is available for only HP laptops. M/s. New Horizon will provide two years warranty with parts along with nationwide after sales services at the customers’ doorsteps.

An MoU for this arrangement was signed between Meezan Bank and New Horizon at Meezan Bank’s Head Office. Mr. Mohammad Raza, Head of Consumer Banking of Meezan Bank and Mr. Rahim Eqbal, COO of New Horizon signed the MoU.

Speaking at the occasion, Mr. Raza said that Meezan Bank has an active focus on developing customer-friendly, Islamic alternatives to conventional banking products, in line with its Mission to offer a one-stop shop for innovative value-added products and services to the customers within the bounds of Shariah.

Salient features:

• 2 years warranty with parts provided by vendor.
• Free Caring Case will be provided by vendor.
• Dedicated Call Center by New Horizon for addressing after sale issues and providing after sales support to the customers at their door step
• Absolutely Free Takaful Coverage. All laptops acquired through Meezan Laptop Ease will be covered by Takaful (Islamic Insurance) before delivery to the customers
• Minimum down payment up to 15%
• Laptop model offerings will vary from time to time in consistence with the latest & upgraded features and market demand.
• Minimum age to avail this offer for both individuals and businessmen should be 20 years and maximum age should not cross over 60 and 65 years, respectively.
• Laptops are available at easy monthly installments of as low as Rs 2,750/ per month-

For more information, visit any Meezan Bank Branch or call helpline at +92-21-111-331-331