Tool
Bike Instalment Calculator
Pick your bike, your down payment and how many months you want to pay. We show every plan we could read on the provider's own page, cheapest first: the monthly instalment, what you pay in all, and how much more that is than the cash price.
Cheapest plan over 12 months
Rs 10,661 a month
Meezan Bank, Apni Bike, 0% plan. You pay Rs 170,102 in all, Rs 10,202 more than the cash price of Rs 159,900.
Every plan, cheapest first
"Extra" is everything you pay above the cash price: markup, fees and takaful. The yearly cost turns all of that into one rate, so a 0% plan with a fee and a flat rate plan can be compared fairly.
- Cheapest
Meezan Bank, Apni Bike, 0% plan
0% profit (0.01%), reducing balance
- Monthly
- Rs 10,661
- Total paid
- Rs 170,102
- Extra over cash price
- Rs 10,202
- Yearly cost
- 15.6% a year
- Down payment
- Rs 31,980
- Fees
- Rs 2,200
- Takaful
- Rs 7,995
- Months
- 12
How we worked this out
- Processing fee Rs 2,200 plus FED. The FED amount is not published, so it is not added.
- Takaful of 5% a year is compulsory on this 0% plan and Meezan's own calculator leaves it out. We added it on the bike price; ask the bank which amount it is charged on.
Read on Meezan Bank's own page on 6 Oct 2026.
Bank Alfalah, SBS credit card instalments
About 23.4% a year flat, 2.5% fee
- Monthly
- Rs 16,445
- Total paid
- Rs 201,338
- Extra over cash price
- Rs 41,438
- Yearly cost
- 45.9% a year
- Down payment
- Rs 0
- Fees
- Rs 3,998
- Months
- 12
How we worked this out
- Instalment copied from the Atlas Honda flyer, 1 September 2026.
- One-time fee of 2.5% of the price plus FED. The FED rate is not on the flyer, so it is not added.
- Needs an Alfalah credit card with enough limit, at least 3 months old. The whole price goes on the card, so there is no down payment.
Read on Bank Alfalah's own page on 6 Oct 2026.
Not published, ask the provider
These offer instalments but do not publish a rate we could check, so we do not guess one.
- JS Bank, JS Bike Financing: Linked to KIBOR, but the bank does not publish the margin it adds. Needs 30% down. Ask for the Key Fact Statement.
- BankIslami, Bike Financing: Open only to staff of companies whose payroll is with BankIslami. Profit rate not published. Fee Rs 1,200 including FED.
- U Microfinance Bank, Motorbike Loan: Loans of Rs 60,000 to Rs 350,000 over 6 to 60 months, but the markup, down payment and fees are not published.
- QistBazaar, Bike instalments: Shows only the advance and the monthly amount, with no cash price and no rate, so the real cost cannot be worked out.
- Yamaha Motor Pakistan, 0% instalments through partner banks: Yamaha's website could not be reached on 6 October 2026, so we have no current price or plan from Yamaha itself.
- Faysal Bank, HBL, MCB, Al Baraka and microfinance banks, Bike financing: We found no current bike financing page with a rate on their own websites.
Bike prices change often. Check today's price with the dealer before you sign. Registration, token tax and number plates are extra on every plan. Rates were read on each provider's own page on 6 Oct 2026.
Why the monthly figure is not the whole story
A low monthly instalment can hide a high cost. A longer tenure lowers each payment but adds markup for every extra month. A 0% plan can still carry a fee or compulsory takaful. So look at two numbers: the extra you pay over the cash price, and the yearly cost.
The yearly cost puts every plan on the same footing. We take every rupee you pay, including fees and takaful, and work out the rate on the balance you still owe that gives the same payments. That is how a bank would quote a reducing rate, so a flat plan, a 0% plan with a fee and a reducing plan can be compared fairly.
What SBP rules allow for bikes
In 2021 the State Bank tightened vehicle loans with BPRD Circular Letter 29 of 2021: at least 30% down, all your loan payments capped at 40% of your income, and a Rs 3 million limit on vehicle loans per person. At first, locally made vehicles up to 1000cc and locally made electric vehicles were left out. BPRD Circular Letter 19 of 2022, issued on 24 May 2022, ended that. The same rules now apply to all locally made vehicles, including those up to 1000cc and electric ones, with a maximum loan term of 5 years. Every bike made in Pakistan is under 1000cc, so these rules cover bike loans.
Some plans still advertise lower down payments: Meezan from 15%, and Suzuki's own 0% plan from 25%. We could not match those figures to the circular. Expect a bank to apply SBP's rules when it checks your application, and ask for the Key Fact Statement before you pay anything. The calculator shows each plan as advertised, and checks your instalment against the 40% income limit.
Frequently asked questions
Which bike instalment plan is cheapest in Pakistan?
For a Suzuki bike, Suzuki's own 0% plan: the instalments add up to the cash price exactly, with 25% down over 24 months or 50% down over 18. For a Honda, Meezan Apni Bike charges about 0% for 1 year and 5.9% a year for 2 years, but its 0% plan needs 20% down and 5% a year takaful. Bank Alfalah credit card plans over 9 months or more cost the most, about 41% to 47% a year once the fee is counted.
Is the Meezan Apni Bike 0% plan really free?
The profit is close to zero, but it is not free. You pay a Rs 2,200 processing fee plus FED, and takaful of 5% a year is compulsory on the 0% plan. Meezan's own calculator does not include the takaful in the instalment, so the calculator above adds it for you.
How much down payment do I need for a bike on instalments?
SBP's rules for vehicle loans set a minimum of 30% down, and since May 2022 that covers locally made bikes too. Some plans still advertise less: Meezan from 15%, or 20% on its 0% plan, and Suzuki 25%. JS Bank asks for 30%. We could not match the lower figures to SBP's circular, so expect a bank to ask for 30%. Bank Alfalah's credit card plan needs no down payment, because the whole price goes on your card.
What is the difference between flat and reducing markup?
Flat markup is charged on the full price for the whole term, even after you have paid most of it back. Reducing markup is charged only on the amount you still owe. A flat rate of about 23.4% a year, which is what Bank Alfalah's tables work out to, costs about the same as 39% to 41% a year on a reducing balance.
How much of my salary can go on bike instalments?
SBP's rules cap all your loan payments together at 40% of your income, and since May 2022 that applies to locally made bikes too. If you earn Rs 60,000 a month after tax and pay nothing else, your instalments can be up to Rs 24,000. Enter your income in the calculator to check.
Can I get an electric bike on instalments with a government subsidy?
Yes, through the federal PAVE scheme, if you are picked in its e-ballot. The government pays Rs 50,000 and a partner bank lends up to Rs 200,000 at 0% for up to 24 months. You still pay first-year insurance and bank documentation charges. The CM Punjab student e-bike scheme closed for applications on 4 October 2026.
Read before you sign
Rates, fees and prices were read on Meezan Bank, Bank Alfalah, Suzuki Pakistan, Atlas Honda, PAVE and State Bank pages on 6 October 2026. Bank Alfalah does not state its markup, so we worked it out from its own instalment tables. Estimates only: confirm the final figures in the Key Fact Statement before you sign. Pakistan Era is not affiliated with any bank or bike maker.