# Bike on installment in Pakistan: bank and company plans compared

URL: https://which.pk/money/guides/bike-on-installment/
Author: Ahtisham Imtiaz
Updated: 15 Oct 2026

## Summary

A Honda CD 70 costs Rs 159,900 in cash from Atlas Honda as of 15 Oct 2026. On BOP's credit card plan it is 0% markup over 3 or 6 months, but 48 monthly payments of Rs 6,529 total Rs 313,392, about double the cash price. Meezan's Apni Bike needs at least 15% down, a Rs 40,000 salary and a Meezan account, for up to 3 years. Punjab's student e-bike scheme terms changed between June and October 2026.

## Key facts

- Honda CD 70 cash price: Rs 159,900 (15 Oct 2026)
- 0% markup: BOP card plans: 3 or 6 months only
- CD 70 over 48 months: Rs 313,392, about double cash
- Meezan Apni Bike: 15% down, up to 3 years

You can buy a bike on installment in Pakistan through a bank plan such as Meezan's Apni Bike, a credit card plan such as BOP's with Atlas Honda, or Punjab's student e-bike scheme. Short plans can cost nothing extra: BOP's 3- and 6-month plans are **0% markup**. Long plans cost much more. A Honda CD 70 costs **Rs 159,900** in cash, but 48 monthly payments of Rs 6,529 add up to **Rs 313,392**, about double, as of July 2026.

## How much more does a bike on installment cost than cash?

The longer you pay, the more you pay. The table shows the Honda CD 70 on BOP's credit card plan with Atlas Honda, from Gari.pk's report of 28 July 2026. The cash price is Atlas Honda's list price of Rs 159,900, as of 15 Oct 2026.

| Plan | Monthly payment | Total paid | Extra over cash |
|---|---|---|---|
| Cash | none | Rs 159,900 | none |
| 6 months (0% markup) | Rs 26,650 | Rs 159,900 | none |
| 12 months | Rs 16,523 | Rs 198,276 | Rs 38,376 (about 24%) |
| 24 months | Rs 9,860 | Rs 236,640 | about 48% |
| 36 months | Rs 7,640 | Rs 275,040 | about 72% |
| 48 months | Rs 6,529 | Rs 313,392 | Rs 153,492 (about 96%) |

These totals are before taxes and bank charges, which the quoted payments leave out. So the real cost of the 12 to 48-month plans is higher than shown.

**A low monthly payment is not a cheap bike:** Rs 6,529 a month looks small next to Rs 26,650. But over 48 months you pay Rs 153,492 more than the cash price. Compare the total, not the monthly figure.

## What is the Honda bike on installment plan with Bank of Punjab?

Atlas Honda and the Bank of Punjab (BOP) sell selected Honda bikes on installments to eligible BOP credit card holders, over 3 to 48 months, as of 28 July 2026. Only the 3- and 6-month plans have 0% markup and no processing charge. The 12 to 48-month plans carry financing costs.

For the Honda CG 125 (cash price Rs 238,500), the monthly payments were:

| Months | 6 | 12 | 24 | 36 | 48 |
|---|---|---|---|---|---|
| CG 125 monthly payment | Rs 39,750 | Rs 24,645 | Rs 14,707 | Rs 11,395 | Rs 9,739 |

To check a total yourself, multiply the monthly payment by the number of months and compare it with the cash price. This works as a simple bike on installment calculator for any plan.

We couldn't find BOP's own page for this offer. These figures come from Gari.pk's report, so confirm them with BOP before you apply.

## How does Meezan Bank's Apni Bike work?

Apni Bike is Meezan Bank's Islamic bike financing. It uses **Musawamah**: the bank buys the bike and sells it to you for an agreed price paid in monthly installments. The bike becomes yours once you sign the delivery order. For how this differs from a conventional loan, see [Islamic vs conventional banking](/money/guides/islamic-vs-conventional-banking/).

Meezan's terms, as of 15 Oct 2026:

- **Brands:** Honda, Suzuki, Vlektra, Hi-Speed, Crown, Benling, Super Power, Eco-Dost, Super Star and Revoo, petrol and electric.
- **Tenure:** up to 2 years for Chinese and Pakistani bikes, up to 3 years for Japanese bikes.
- **Down payment:** 15% to 50% of the bike's price. Meezan's "0%" product needs at least 20% down, and takaful (Islamic insurance) and registration are mandatory.
- **Takaful:** 5% a year where it applies. Registration is charged at actual cost.
- **Processing fee:** Rs 2,200 plus FED (federal excise duty), not refundable. Documentation is charged at actual cost.
- **Early payoff:** no extra profit is charged if you finish early.
- **250cc bikes:** at least 30% down and a higher income (see below).

Installments are taken by direct debit from a Meezan Bank account, so you need one. Approval takes 5 to 7 working days. After that, the bike arrives on the maker's delivery timeline.

Meezan's calculator lists the Honda CD-70 at Rs 159,900, the CG-125 at Rs 238,500, the Suzuki GD 110S at Rs 369,900 and the Suzuki GS 150 at Rs 399,900, as of 15 Oct 2026. We couldn't confirm Meezan's profit rate from its page, so we can't show a total cost for Apni Bike. Ask the bank for the full repayment schedule before you sign.

## Who can get a bike on installment from Meezan Bank?

| Requirement | Salaried | Self-employed or business |
|---|---|---|
| Minimum gross income | Rs 40,000 a month | Rs 75,000 a month |
| Income for 250cc bikes | Rs 150,000 a month | Rs 200,000 a month |
| Age at end of plan | 21 to 60 | 20 to 65 |
| Work history | 6 months (permanent) or 1 year (contract) | 2 years' proof of business |
| Documents | 6 months' bank statement and a pay slip | 6 months' bank statement |

Your total monthly repayments can be up to 40% of your net monthly income.

## Can I get a bike on installment with 0 markup?

Yes, but usually only for a few months. BOP's Atlas Honda plan is 0% for 3 and 6 months only, as of July 2026. A past Faysal Bank and Atlas Honda campaign on Faysal Digimall worked the same way: 0% profit on 3 and 6 months, then Rs 16,316 a month over 12 months or Rs 6,448 over 48 months on a CD 70 priced at Rs 157,900. That campaign ran from 1 to 30 June; TechJuice's page doesn't give the year, and the price has since risen to Rs 159,900.

HBL's credit card Shop Now Pay Later plan offers 0% markup on installments of up to 36 months, but HBL says the markup-free period varies by product. Its page doesn't list motorcycles, so ask HBL which bikes and tenures qualify. For card fees and limits, see [credit cards in Pakistan compared](/money/guides/credit-cards-pakistan-compared/).

Meezan's "0%" product is a different thing: it needs at least 20% down, and takaful and registration are mandatory.

## How does the Punjab e-bike scheme on installments work?

The Punjab government is giving 100,000 electric bikes to students on installments, allotted by balloting. The announced terms changed between June and October 2026:

| Date and source | Down payment | Monthly payment | Other terms |
|---|---|---|---|
| 30 June 2026 (Aaj News) | Rs 14,000 | Rs 2,100 | Rs 70,000 government subsidy per bike; interest-free; government pays the down payment and registration for female students |
| 12 Oct 2026 (APP) | Not mentioned | Rs 3,000 | Government covers the interest; free driving lessons for successful applicants |

As of 12 Oct 2026, more than 1.3 million young people had registered and over 607,000 applications had been submitted, according to APP.

**Check the official portal before you apply:** We follow the newer APP figure of Rs 3,000 a month, but neither report is the official notice. We couldn't open the Punjab government's e-bike portal on 15 Oct 2026, and couldn't confirm the eligibility rules. Check the official portal for the final terms.

## What can't we confirm yet?

- **Bank Alfalah bike plans:** Bank Alfalah's website blocked us, so we couldn't check its bike loan or credit card offers.
- **Bikes on installment for government employees:** we found only one report that Punjab would extend e-bike installments to government employees, which isn't enough to confirm it.
- **Easypaisa and JazzCash:** we found no bike installment product from either wallet.
- **Yamaha prices:** Yamaha's Pakistan website didn't respond, so we haven't listed its bikes.

If you want a car instead, see [car financing in Pakistan](/money/guides/car-financing-pakistan/). For phones on similar plans, see [mobile on installment](/money/guides/mobile-on-installment/).

More guides: [Loans](/money/loans/), [credit cards compared](/money/guides/credit-cards-pakistan-compared/), [Money](/money/).

## Questions people ask

### What is the Honda CD 70 price on installment?

On BOP's credit card plan, as of July 2026, the CD 70 costs Rs 26,650 a month over 6 months at 0% markup, or Rs 6,529 a month over 48 months. The 48-month plan totals Rs 313,392 against a cash price of Rs 159,900, before taxes and bank charges.

### What documents does Meezan Bank need for a bike on installment?

Salaried applicants need 6 months' bank statement and a pay slip. Businessmen need 6 months' bank statement and 2 years' proof of business, as of 15 Oct 2026.

### Can I get a bike on installment with 0 markup?

Yes, but usually only on short credit card plans. BOP's Atlas Honda plan is 0% for 3 and 6 months only (as of July 2026), and HBL says its markup-free period varies by product.

### Who qualifies for Meezan Apni Bike?

Salaried applicants earning at least Rs 40,000 gross a month and aged 21 to 60 at the end of the plan, or self-employed people earning at least Rs 75,000, aged 20 to 65. Total repayments must stay within 40% of your net monthly income, as of 15 Oct 2026.

### How much is the monthly installment in the Punjab e-bike scheme?

APP reported on 12 Oct 2026 that successful applicants will pay Rs 3,000 a month, with the government covering the interest. A 30 June 2026 announcement quoted Rs 14,000 down and Rs 2,100 a month, so check the official portal for final terms.

## Sources

- [Apni Bike | Riba-free Bike Financing](https://www.meezanbank.com/apni-bike/), Meezan Bank (accessed 15 Oct 2026)
- [Motorcycles (online store)](https://www.atlashonda.com.pk/product-category/motorcycles/), Atlas Honda Ltd (accessed 15 Oct 2026)
- [HBL Installment Plan / Shop Now Pay Later](https://www.hbl.com/personal/cards/credit-cards/hbl-installment-plan), HBL (accessed 15 Oct 2026)
- [Honda Bikes on Installments from Rs. 6,529 in Pakistan](https://www.gari.pk/news/honda-bikes-on-installments-from-rs.-6529-in-pakistan-5416/), Gari.pk (accessed 15 Oct 2026)
- [Honda CD70 now available for Rs 6,448/month via Faysal Bank](https://www.techjuice.pk/honda-cd70-now-available-for-rs-6448-month-via-faysal-bank/), TechJuice (accessed 15 Oct 2026)
- [Punjab to provide 100,000 subsidised e-bikes to students in one year](https://english.aaj.tv/news/330461683/punjab-to-provide-100000-subsidised-e-bikes-to-students-in-one-year), Aaj News (accessed 15 Oct 2026)
- [Over 1.3 million youths register for Punjab e-bike scheme](https://www.app.com.pk/punjab/over-1-3-million-youths-register-for-punjab-e-bike-scheme/), Associated Press of Pakistan (accessed 15 Oct 2026)