Bike on Instalments in Pakistan: Meezan, Suzuki, Alfalah and PAVE Compared
Honda CD 70 from Rs 10,660 a month at 0%. We compared Meezan, Suzuki, Bank Alfalah and PAVE bike instalment plans: down payment, markup, fees and total cost.
The cheapest way to buy a Honda CD 70 on instalments in Pakistan today is Meezan Bank's 0% Apni Bike plan: Rs 31,980 down and 12 payments of Rs 10,660, plus takaful and a Rs 2,200 fee. For a Suzuki GD 110S, Suzuki's own 0% plan beats every bank we checked by about Rs 72,000.
We read the plans on each provider's own page or flyer on 6 October 2026: Meezan Apni Bike, Suzuki Pakistan's 0% markup plan, Bank Alfalah's Step-by-Step (SBS) card instalments and the federal PAVE e-bike scheme. Figures marked "our calculation" are our own arithmetic on their published rates.
Bike instalment plans compared side by side
Meezan's 0% plan and Suzuki's own plan cost nothing in markup. Bank Alfalah's card plans are 0% only for 3 or 6 months, and even then charge a processing fee of 5% to 8%. Longer card plans cost about 40% a year once you convert the rate properly.
| Plan | Bikes | Down payment | Tenure | Markup | Fees and extras |
|---|---|---|---|---|---|
| Meezan Apni Bike, 0% product | Honda | 20% to 50% | 12 months | 0% | Rs 2,200 + FED, takaful 5% a year (mandatory), registration |
| Meezan Apni Bike, standard | Honda, Suzuki, others | 15% to 50% | 12 to 36 months | Honda 5.90% (2 years), 23.41% (3 years); Suzuki 23.41% | Rs 2,200 + FED, takaful optional |
| Suzuki Pakistan 0% plan | Suzuki only | 25% or 50% | 24 or 18 months | 0% | Not stated on Suzuki's page |
| Bank Alfalah SBS (credit card) | Honda, some e-bikes | None | 3 to 36 months | 0% at 3 and 6 months, about 23.4% flat after | 2.5% to 8% of price + FED |
| PAVE e-bike (federal) | Approved e-bikes | First instalment, insurance, documents | Up to 24 months | 0% | Rs 50,000 subsidy, no processing fee |
Honda CD 70 (Rs 159,900)
Rs 159,900 is Atlas Honda's own list price for the Honda CD 70 in 2026, as shown on 6 October 2026.
| Plan | Down | Monthly | Total paid | Extra over cash |
|---|---|---|---|---|
| Meezan 0%, 12 months, 20% down | Rs 31,980 | Rs 10,660 | Rs 159,900 | Rs 0 + fee + takaful |
| Meezan 5.90%, 24 months, 20% down | Rs 31,980 | Rs 5,664 | Rs 167,910 | Rs 8,010 + fee |
| Meezan 23.41%, 36 months, 20% down | Rs 31,980 | Rs 4,979 | Rs 211,228 | Rs 51,328 + fee |
| Alfalah card, 3 months | None | Rs 53,300 | Rs 159,900 | Rs 7,995 fee (5%) + FED |
| Alfalah card, 12 months | None | Rs 16,445 | Rs 197,340 | Rs 41,438 incl. 2.5% fee |
| Alfalah card, 36 months | None | Rs 7,595 | Rs 273,420 | Rs 117,518 incl. 2.5% fee |
Our calculation for Meezan: 20% of Rs 159,900 is Rs 31,980, leaving Rs 127,920 financed. Meezan's calculator uses the standard reducing balance EMI arithmetic: monthly payment = P × r ÷ (1 - (1 + r)-n), with r as the yearly rate divided by 12. At 5.90% over 24 months that gives Rs 5,664. The Alfalah monthly figures are copied from the bank's 1 September 2026 Atlas Honda flyer; the totals are monthly × months, and the fee is 2.5% of the price, Rs 3,998.
Honda CG 125 (Rs 238,500)
On Meezan's 0% plan, 20% down is Rs 47,700 and 12 payments are Rs 15,900 each (our calculation: Rs 190,800 ÷ 12). Stretch it to 24 months at 5.90% and the monthly falls to Rs 8,448, with Rs 11,947 of profit. On Alfalah's card the 12 month plan is Rs 24,529 a month, Rs 294,348 in total, plus a 2.5% fee of Rs 5,963. That is Rs 61,811 more than cash.
Suzuki GD 110S (Rs 369,900)
Suzuki's own plan is the clear winner here. With 25% down, you pay Rs 92,475, then 23 payments of Rs 11,600 and a last one of Rs 10,625. Add those up and you get exactly Rs 369,900, the cash price. With 50% down it is Rs 184,950, 17 payments of Rs 10,300 and a last one of Rs 9,850.
Meezan charges 23.41% on Suzuki bikes. Our calculation with the same 25% down over 24 months: Rs 14,586 a month and Rs 72,644 of profit.
Why a 0% bike plan is not free
A 0% plan removes the markup, not the cost. You still pay a processing fee, often takaful or insurance, and registration. On a card plan the fee can be 5% to 8% of the price, which works out higher than many loans.
- Takaful. Meezan says takaful of 5% a year is mandatory on its 0% product. It does not say what the 5% is charged on. If it is the full price, that is Rs 7,995 for a CD 70 (our calculation: 5% of Rs 159,900).
- Processing fee. Meezan charges Rs 2,200 plus FED (federal excise duty). Alfalah charges 5% at 3 months and 8% at 6 months, plus FED.
- Registration. Meezan says registration is mandatory on the 0% product and charged at actual.
Alfalah's 3 month CD 70 plan shows the trap. Its 5% fee of Rs 7,995 buys three months of credit. That is about 31% a year (our calculation: the rate at which three payments of Rs 53,300 repay Rs 151,905, the price minus the fee).
Flat rate and reducing rate are not the same thing
A flat rate charges markup on the full price for the whole term, even after you have paid half of it back. A reducing rate charges only on what you still owe. So 23.4% flat costs far more than 23.41% reducing.
Meezan's 23.41% is reducing, which we confirmed from the formula in its own calculator. Alfalah does not print a rate on its flyers. We worked it backwards: the CD 70 12 month plan pays Rs 197,340 on a Rs 159,900 bike, which is 23.4% of the price in one year. That is a flat rate. As a reducing rate, the same payments come to about 40.7% a year (our calculation, an internal rate of return on 12 payments of Rs 16,445 against Rs 159,900).
So ask the seller for the total you will pay, not the rate. The total cannot hide anything.
The 40% income rule decides how much you can borrow
Your total monthly loan payments cannot exceed 40% of your income. Meezan and JS Bank both say so on their own pages. On a net income of Rs 40,000, that caps all your instalments together at Rs 16,000, so a CD 70 at Rs 10,660 fits and a CG 125 at Rs 15,900 barely does.
This limit comes from the State Bank of Pakistan. BPRD Circular Letter 29 of 2021 set a 40% debt burden ratio for vehicle loans, a minimum down payment of 30% and a Rs 3 million limit on vehicle loans per person. At first it left out locally made vehicles up to 1000cc and locally made electric vehicles. BPRD Circular Letter 19 of 2022, issued on 24 May 2022, ended that. It says the 2021 rules now apply to all locally made vehicles, including those up to 1000cc and electric ones, and it sets a maximum loan term of 5 years for them. Every bike made in Pakistan is under 1000cc, so the 40% limit and the 30% down payment cover bike loans too.
Some plans still advertise less than 30% down: Meezan from 15%, or 20% on its 0% plan, and Suzuki's own plan from 25%. We could not match those figures to the circular, and we have not seen an SBP notice that allows them. Expect the bank to apply SBP's rules when it checks your application, and ask for the Key Fact Statement before you pay anything.
Which bike plan is best for you
Salaried with 20% down: Meezan's 0% plan on a Honda. Set on a Suzuki: Suzuki's own plan. Students: the federal e-bike scheme. Without a bank account, choices are thin and the cost is not published.
- Salaried, Rs 40,000 or more gross, can open a Meezan account. Meezan 0% on a Honda for 12 months. If Rs 10,660 a month is too much, 24 months at 5.90% costs only Rs 8,010 more on a CD 70. The 3 year option adds Rs 51,328.
- You want a Suzuki. Suzuki's own 0% plan. Ask the dealer in writing about any fee, because Suzuki's page names neither the financier nor a fee.
- You hold a Bank Alfalah credit card and can pay fast. The 3 month plan, but count the 5% fee, the same catch found on phones on instalments with this card. Anything over 6 months on a card costs about 40% a year.
- Student or first job. The PAVE e-bike scheme is open to ages 18 to 65. A Rs 250,000 e-bike gets a Rs 50,000 subsidy and the remaining Rs 200,000 at 0% over 24 months, about Rs 8,333 a month plus the insurance built into each payment (our calculation: Rs 200,000 ÷ 24). Punjab's student e-bike scheme closed on 4 October 2026.
- No bank account. U Microfinance Bank offers motorbike loans from Rs 60,000 to Rs 350,000 but publishes no rate. QistBazaar lists a SuperPower 70cc at Rs 24,900 advance and 12 payments of Rs 12,150, Rs 170,700 in all, with no cash price shown. Ask both for the total before you sign.
Stay away from loan apps that are not licensed. Before you borrow from any app, check whether the lending app is SECP licensed.
Try it on your own numbers: use our Bike Instalment Calculator to run these plans on your own bike, down payment and tenure.
Common questions
Which bank gives a bike on 0% instalments in Pakistan?
Meezan Bank offers 0% on Honda bikes for 12 months with at least 20% down. Takaful at 5% a year and a Rs 2,200 fee still apply.
What is the monthly instalment of a Honda CD 70?
Rs 10,660 for 12 months on Meezan's 0% plan with 20% down, or Rs 16,445 for 12 months on a Bank Alfalah credit card with nothing down.
Does Suzuki charge interest on its instalment plan?
No. Suzuki's own schedules add up to exactly the cash price. Its page does not mention fees, so ask the dealer.
Can I get a bike on instalments without a bank account?
Yes, through a microfinance bank or a marketplace, but neither publishes a rate. Compare the total you will pay with the cash price.
Is the PAVE e-bike really interest free?
Yes, the markup is 0% and paid by the government. You still pay documentation charges and first-year insurance upfront.
How do I register the bike after buying it on instalments?
The dealer usually handles it, and the bank's lien is marked on the registration. The steps are in motorcycle registration in Punjab.
How we verified this
What we checked, where we read it, and what we could not confirm.
Last checked on 6 October 2026. We read: Meezan Bank Apni Bike and its calculator data; Suzuki Pakistan's motorcycles page; Bank Alfalah's Atlas Honda SBS flyer of 1 September 2026; the PAVE portal at pave.gov.pk; Atlas Honda's price list; and the State Bank's Circular Letters 29 of 2021 and 19 of 2022. We could not reach Yamaha's website, so Yamaha plans are not included.
About the author
Senior Writer, Public Services and Technology
Shahid joined us in 2024 as an author. He is a senior contributor to Pakistan's leading technology websites. He writes detailed articles, mostly covering his expertise in the latest tech, mobiles, apps, gadgets, and step-by-step guides. His ideology is to help people understand the latest trends and explain complex methods through very easy-to-understand guides.
