Rising inflation, higher petroleum prices and increasing public transport fares have made personal transportation a necessity for many Pakistanis. To address this growing demand, Meezan Bank and Bank Alfalah are offering financing plans that allow customers to purchase a United US-70 motorcycle through affordable monthly installments.

The financing schemes aim to make motorcycle ownership easier for salaried individuals and other eligible customers who may not be able to pay the full amount upfront. With flexible down payment options and manageable monthly installments, the plans are designed to reduce the financial burden on buyers.

Current price of the United US-70 motorcycle

The current cash price of the United US-70 motorcycle is approximately Rs111,000. However, the final price may vary slightly depending on the city, dealership and prevailing market conditions.

Banks calculate installment plans based on the motorcycle's price, while the final financing cost may differ depending on the customer's credit profile, processing charges and the bank's financing policy.

How much should you save every day?

One of the most attractive features of the financing plans is that buyers can meet their monthly installments through small daily savings.

Customers choosing the 15% down payment option will pay a monthly installment of around Rs4,493, which requires saving approximately Rs150 per day.

Those opting for a 30% down payment package will pay around Rs3,700 per month, requiring daily savings of nearly Rs125.

Financial experts say that reducing small daily expenses such as tea, snacks or soft drinks can help many households comfortably manage these installment payments while gradually becoming owners of a personal motorcycle.

How to save for the down payment

People who do not currently have the required down payment can still prepare through disciplined savings.

For the 15% down payment, approximately Rs16,650 is required. Saving Rs200 per day would allow a customer to collect this amount in about 83 days, or nearly three months.

Similarly, the 30% down payment of around Rs33,300 can be accumulated by saving Rs200 daily over approximately 167 days, or about five and a half months.

How to apply through Meezan Bank

Meezan Bank offers motorcycle financing under its Meezan Apni Bike programme.

Applicants can visit any Meezan Bank branch and contact the Consumer Finance Desk to submit their application. Customers may also apply through the bank's online channels where available.

Once the application is reviewed and approved, the bank issues the necessary documents for motorcycle delivery through an authorised United dealership.

How to apply through Bank Alfalah

Bank Alfalah provides motorcycle financing through its AlfaMall digital platform.

Eligible customers can submit an online application, complete the required verification process and receive approval. After financing is approved, the motorcycle can be collected from an authorised United Motorcycles dealer using the delivery order issued by the bank.

Eligibility requirements

Applicants are generally required to meet the following conditions:

Be between 21 and 60 years of age.

Provide a valid Computerised National Identity Card (CNIC).

Show proof of regular income.

Submit the previous six months' bank statement.

Salaried individuals may need to provide a salary slip or employment certificate.

Meet the bank's credit assessment requirements.

The exact eligibility criteria may vary depending on the financing institution and the applicant's financial profile.

Where can buyers collect the motorcycle?

After financing approval, customers can receive their motorcycle from authorised United Motorcycles dealers across Pakistan.

The company has dealership networks in major cities, including Lahore, Karachi, Islamabad, Rawalpindi, Faisalabad, Multan and Peshawar, along with many other locations nationwide.

Growing demand for motorcycle financing

As inflation continues to increase household expenses, installment-based motorcycle financing is becoming an increasingly popular solution for middle-income families.

Owning a motorcycle can reduce dependence on expensive public transport, save commuting time and improve access to employment, education and business opportunities. With manageable daily savings and structured financing plans, banks hope to make personal mobility more affordable for thousands of Pakistanis.