If you’re looking to ride away on your dream Honda Bike anytime soon, then there is no better way than getting an installment plan. Buying a bike through an installment plan gives you the convenience and flexibility of paying off your purchase in monthly payments without having to pay huge sums upfront or facing the financial burden.
But before buying a bike under any such scheme, you must be aware of all details about it. In this blog post, we will discuss everything related to Honda bike’s installment plans being offered in Pakistan for the year 2024 and help guide you on how one can buy Honda bikes with or without interest rates. Keep reading if owning a great quality yet affordable Honda Bike is your ultimate goal!
Honda Bike Installment Plan 2024 with or Without Interest
The Honda bike installment plan in Pakistan for 2024 provides a great opportunity to own a motorbike and take advantage of comfortable installment payments. Whether you’d like to buy with or without interest, the process is easy and straightforward. First, choose a dealership that offers the Honda bike installment plan in Pakistan.
Decide on the model of your choice and what payment plan you’d like to get it could be monthly, quarterly, bi-annually, etc. Make sure you have all the documents ready and discuss the relevant procedures with the dealer before signing any agreement. Afterwards, making the payments might be made possible online or through a branch of your chosen bank. After completing all payments, you finally own your new Honda bike!
How to buy Honda Bike Installment Plan in Pakistan 2024 with or Without Interest?
The Honda Motorcycles and Scooter Pakistan Pvt Ltd have announced their new installment plan for the year 2024 at authorized dealerships across Pakistan. Customers can now purchase a bike through this new installment plan and pay in installments with or without interest.
In case of payment with interest, the customer will be required to provide a valid CNIC and a guarantor to the dealership. The customer will then be required to pay a minimum down payment of 10% of the total cost of the bike, followed by equal monthly installments for up to 12 months. The rates of interest applicable may vary from dealership to dealership, so it is recommended that customers inquire about this before entering into an agreement.
Honda Bike Installment Plan in Pakistan 2024 From MCB Bank
To purchase any of the Honda bikes on installment, customers need to visit their nearest MCB Bank branch. At the bank, they will have to fill out an application form that requires information such as name, address and other details. Once the customer is approved, they can opt for a payment plan ranging from 0% Markup with installments of up to 12 months, 18 months, 24 months, 30 months and 36 months.
| Price | 0% for 3 Months | 0% for Months | 12 Months | 18 Months | 24 Months | 30 Months | 36 Months | |
| CD70 (RED BLACK) | 157,900 | 52,633 | 26,317 | 16,101 | 11.725 | 9,576 | 8,318 | 7,505 |
| CD DREAM (RED BLACK SILVER) | 168,900 | 56,300 | 28,150 | 17,222 | 12,542 | 10,244 | 8,898 | 8,028 |
| PRIDOR (RED BLACK BLUE) | 208,900 | 69,633 | 34,817 | 21,301 | 15,512 | 12,670 | 11,005 | 9,929 |
| CG125 (RED BLACK | 234,900 | 78,300 | 43,722 | 23,952 | 17,442 | 14,246 | 12,375 | 11,164 |
| CG125 Self (RED BLACK | 282,900 | 94,300 | $2,656 | 28,847 | 21,006 | 17,158 | 14,904 | 13,446 |
| CB125F (RED,BLACK&BLUE) | 390,900 | 130,300 | 72,758 | 39,859 | 29,026 | 23,708 | 20,593 | 18,579 |
| CB15OF ( RED, BLACK ) | 493,900 | 164,633 | 91,930 | 50,362 | 36,674 | 29,954 | 26,019 | 23,474 |
| CB15OF SE(SILVER&BLUE) | 497,900 | 165,967 | 92,674 | 50,769 | 36,971 | 30,197 | 26,230 | 23,664 |
The table above illustrates the different installment plans available for each of the Honda bikes. For instance, if a customer wishes to purchase the CD70 Dream bike with 0% markup then they would need to pay an upfront amount of 90,500 rupees followed by 15,083 rupees for 6 months or 7,542 rupees for 12 months.
The MCB Bank installment plan is a convenient and efficient way to purchase Honda bikes in Pakistan in 2024. With the 0% markup offer, customers can get their favorite bike without having to break the bank.
This guide provides all the information you need to know about how to purchase Honda bikes through installments with MCB Bank in Pakistan 2024. Please note that the installment plans outlined in this guide are subject to change at any time. It is advisable for customers to check with their nearest MCB Bank branch for current offers before making any purchases.
Honda Bike Installment Plan in Pakistan 2024 From Bankalfalah
Bank Alfalah and Atlas Honda have collaborated to provide customers with a convenient and hassle-free installment plan to purchase bikes in Pakistan. With their SBS Promotion, customers can now get 0% markup on 3 or 6 months instalment plans with flexible tenures that go up to 36 months. In addition, Bank Alfalah Credit Cards holders can also avail 0% markup on their purchases.
| BANK ALFALAH SBS PROMOTION | ATLAS HONDA SBS PROMOTION | |||||||
| SBS Instalment Plans at 0% Markup* with | 3 & 6 months instalment plan at 0% markup with a range of | |||||||
| processing Fee | flexible tenures of up to 36 months. | |||||||
| Alfalah Credit Cards | ||||||||
| Model | Price Rs | |||||||
| 3 months | 6 months | 9 months | 12 months | 18 months | 24 months | 36 months | ||
| Honda CD 70/RED | 116,500 | 38,833 | 19,417 | 15,041 | 11,805 | 8,569 | 6,951 | 5,333 |
| Honda CD 70/BLACK | 116,500 | 38,833 | 19,417 | 15,041 | 11,805 | 8,569 | 6,951 | 5,333 |
| Honda CG 125/RED | 179,900 | 59,967 | 29,983 | 23,227 | 18,230 | 13,233 | 10,734 | 8,235 |
| Honda CG 125/BLACK | 179,900 | 59,967 | 29,983 | 23,227 | 18,230 | 13,233 | 10,734 | 8,235 |
| · | 0% Mark-up for up to 6 months | |||||||
| · | Processing Fee applies i.e 2.5% of product amount + FED | |||||||
| · | BAF is not responsible for registration of Bike. | |||||||
| Delivery Process: | ||||||||
| Ø | Delivery TAT is 28 Working Days. | |||||||
| Ø | Bike will be delivered at the designated dealer in customer’s city. | |||||||
| Ø | Customer will be notified for collection of bike through SMS (Sent from 8287) | |||||||
| Ø | In this SMS all required information will be available such as, Dealer Name, Address, Contact Person with Contact # | |||||||
| Ø | Letter will be sent to Atlas Honda Team & they will also call the customer for collection. | |||||||
| Ø | After the Lapse of TAT, if customer does not get SMS/Call, than generate Re Issuance of Honda Bike Letter instead of lodging | |||||||
| complaint | ||||||||
| Ø | After receiving SMS, customer need to visit the dealer with Original CNIC | |||||||
| Ø | Bike will only be delivered to the Cardholder. | |||||||
| Ø | Invoice and authority letter required for registration, will be delivered by Atlas Honda at their designated dealer within 7 days after the | |||||||
| delivery of bike. | ||||||||
| Ø | Complaints or request of re-issuance of documents regarding non-delivery of document (required for registration) will only be entertained | |||||||
| within 45 days, after the delivery of bike. |
To make the installment plan more cost effective, Bank Alfalah and Atlas Honda have listed the prices for various models of bikes. For example, customers can purchase the Honda CD 70/RED bike with a price of Rs 116,500 in 3 months instalment at Rs 38,833 or 6 months instalment at Rs 19,417. Similarly, the Honda CG 125/RED bike can be purchased in 3 months instalment at Rs 59,967 or 6 months instalment at Rs 29,983.
Thus with Bank Alfalah and Atlas Honda’s SBS Promotion customers can get 0% markup on their purchases and pay for the bike over a maximum tenure of 36 months. This makes buying bikes more cost effective and convenient!
Honda Bike Installment Plan in Pakistan 2024 From Faysalbank
Getting a new Honda Bike CD70cc is now easier than ever! With Faysalbank’s installment plan, you can buy your new bike in just 9 months without any markup. All you have to do is make an initial payment of PKR162,999 and then pay the remaining amount in 9 easy monthly installments without bearing any extra burden.
Faysalbank’s installment plan is designed to make buying a new bike more affordable and convenient. With its low-interest rate, the plan ensures that you don’t have to worry about paying too much for your favorite Honda bike. Plus, with no markup fees or other hidden charges, you can be sure of getting the best value for your money.
Honda Bike Installment Plan in Pakistan 2024 From Meezan Bank
Meezan Bank offers an installment plan for people in Pakistan to buy a Honda Bike in 2024. To be eligible, applicants must be Pakistani citizens or Permanent Residents and between the ages of 20 and 65.
The minimum income requirements depend on your class: Salaries Class- 25,000/- (Gross Salary), SEP- 40,000/-, Businessmen- 40,000/-. Your Debt Burden Ratio must be 35% of your net monthly income for salaried, SEP, and businessmen.
You need to make a minimum down payment of 15% of the cost of the vehicle but you can choose to make up to 50%. The payment terms are 1 to 3 years and you can choose between using postdated cheques, direct debit orders from a Meezan Bank account, or direct salary deduction (in corporate cases).
Meezan Bank makes the process of buying your Honda Bike easy, so take advantage of this installment plan today!
one Year Honda CG 125 Instalment Plan
| Down Payment+ Processing Fee | Total Bike Price | Total Upfront | Monthly Installment |
|---|---|---|---|
| Rs. 28,725 (15%) Fee Rs. 1,800 | Rs.214,900 | Rs. 30,525 | Rs. 16,271 |
| Rs. 38,300 (20%) Fee Rs. 1,800 | Rs.214,900 | Rs. 40,100 | Rs. 15,314 |
| Rs. 47,875 (25%) Fee Rs. 1,800 | Rs.214,900 | Rs. 49,675 | Rs. 14,357 |
| Rs. 57,450 (30%) Fee Rs. 1,800 | Rs.214,900 | Rs. 59,250 | Rs. 13,400 |
| Rs. 67,025 (35%) Fee Rs. 1,800 | Rs.214,900 | Rs. 68,825 | Rs. 12,443 |
| Rs. 76,600 (40%) Fee Rs. 1,800 | Rs.214,900 | Rs. 78,400 | Rs. 11,486 |
| Rs. 86,175 (45%) Fee Rs. 1,800 | Rs.214,900 | Rs. 87,975 | Rs. 10,529 |
| Rs. 95,750 (50%) Fee Rs. 1,800 | Rs.214,900 | Rs. 97,550 | Rs. 9,571 |
Two Year Honda CG 125 Instalment Plan
| Down Payment | Fees | Total Bike Price | Total Upfront | Monthly Installment |
|---|---|---|---|---|
| Rs. 28,725 (15%) | Rs. 1,800 | Rs.214,900 | Rs. 30,525 | Rs. 9,525 |
| Rs. 38,300 (20%) | Rs. 1,800 | Rs.214,900 | Rs. 40,100 | Rs. 8,965 |
| Rs. 47,875 (25%) | Rs. 1,800 | Rs.214,900 | Rs. 49,675 | Rs. 8,405 |
| Rs. 57,450 (30%) | Rs. 1,800 | Rs.214,900 | Rs. 59,250 | Rs. 7,844 |
| Rs. 67,025 (35%) | Rs. 1,800 | Rs.214,900 | Rs. 68,825 | Rs. 7,284 |
| Rs. 76,600 (40%) | Rs. 1,800 | Rs.214,900 | Rs. 78,400 | Rs. 6,724 |
| Rs. 86,175 (45%) | Rs. 1,800 | Rs.214,900 | Rs. 87,975 | Rs. 6,163 |
| Rs. 95,750 (50%) | Rs. 1,800 | Rs.214,900 | Rs. 97,550 | Rs. 5,603 |
Three Year Honda CG 125 Instalment Plan
| Down Payment | Fees | Total Bike Price | Total Upfront | Monthly Installment |
|---|---|---|---|---|
| Rs. 28,725 (15%) | Rs. 1,800 | Rs.214,900 | Rs. 30,525 | Rs. 7,363 |
| Rs. 38,300 (20%) | Rs. 1,800 | Rs.214,900 | Rs. 40,100 | Rs. 6,930 |
| Rs. 47,875 (25%) | Rs. 1,800 | Rs.214,900 | Rs. 49,675 | Rs. 6,497 |
| Rs. 57,450 (30%) | Rs. 1,800 | Rs.214,900 | Rs. 59,250 | Rs. 6,064 |
| Rs. 67,025 (35%) | Rs. 1,800 | Rs.214,900 | Rs. 68,825 | Rs. 5,631 |
| Rs. 76,600 (40%) | Rs. 1,800 | Rs.214,900 | Rs. 78,400 | Rs. 5,198 |
| Rs. 86,175 (45%) | Rs. 1,800 | Rs.214,900 | Rs. 87,975 | Rs. 4,764 |
| Rs. 95,750 (50%) | Rs. 1,800 | Rs.214,900 | Rs. 97,550 | Rs. 4,331 |
Honda Bike Installment Plan in Pakistan 2024 From Silk Bank
To avail of this offer, the customer must first fill out the online form available on Silk Bank’s website. Once the application has been approved, a sales representative from Silk Bank will contact you to discuss further details and help you decide which installment plan is best suited for your needs. During this process, they will also discuss any applicable interest rates or fees associated with the installments.
Next, you will be required to provide proof of your identity and income in order to secure the loan. The bank’s representative may also ask for additional documents such as a copy of your CNIC or utility bills. Once all the necessary documents have been submitted, Silk Bank will review them and if approved, will approve the installment plan.
Once the application is approved, a representative from Silk Bank will contact you to arrange for delivery of your Honda bike. The bike will be delivered directly to your doorstep free of cost and you can start making payments according to the agreed installment plan. Payments must be made on time in order to avoid any additional charges or penalties.
If you need any assistance while buying your Honda bike on installment plan from Silk Bank, don’t hesitate to contact their customer service team. They are ready to assist you with any questions or queries you may have regarding the installment plan and will help guide you through the process of purchasing your dream bike.
Honda Bike Installment Plan in Pakistan 2024 From UBL
To buy a Honda Bike Installment Plan in Pakistan 2024 from UBL Bank, the following steps must be followed:
1. Visit your nearest UBL bank branch and inquire about the installment plan.
2. Ask for details regarding instalment plan criteria like monthly payments, total amount to be paid and interest rate (if applicable).
3. Fill out the application form and submit it with all the required documents such as ID, proof of address and a recent pay slip.
4. The bank will verify your information and process the application for approval.
5. Once approved, you can start making monthly payments at UBL Bank branch or online.
6. Upon completion of payments, the bike will be delivered to you and you can start enjoying your ride.
It is important to note that different banks have different criteria for the installment plan so it is always best to check with your bank before applying for a Honda Bike Installment Plan in Pakistan 2024 from UBL Bank. Additionally, customers should also read the terms and conditions of the plan before signing up to ensure they understand all applicable fees and charges.
By following these steps, you can easily buy a Honda Bike Installment Plan in Pakistan 2024 from UBL Bank. With this installment plan, you can enjoy your ride without worrying about the hefty upfront cost. Plus, you can also save on interest rates as some banks offer 0% interest on three month plans. So don’t wait, visit your nearest UBL branch now and buy a Honda Bike Installment Plan in Pakistan 2024 today!
Conclusion:
In conclusion, we can see that Honda Bike installment plans are viable options in allowing somebody to purchase a bike while making installments. We discussed the different options available to those with financial challenges who are not able or willing to make a one-time full payment for their desired bike: one may opt for paying the amount over 3 to 6 months either with or without interest.
Furthermore, we also highlighted some points for consideration and understanding before deciding on any services such as research about the banks/financing services and other terms & conditions as well as consultation from experts. If a person is insolvent but still desires to purchase a Honda Bike and commit to an installment plan, option exists for him/her in Pakistan 2024. Thus, keeping these facts and tips in mind an individual can easily purchase the desired Honda motorcycle and conveniently pay the instalments without having too much financial burden.