Loans and Financing

Financing a car is an exciting milestone, but there are several factors to consider before you drive off the lot. Most car buyers need financial assistance for part or all of their car purchases through a car loan. The loan length can be adjusted to fit the monthly payment that works for you, depending on how long you plan to keep your car and how quickly you want to pay it off. What’s The Longest You Can Finance A Car? While the typical car repayment term is 72 months, repayment terms can range from as short as 12 months to as long as 96 months, although not all lenders offer the shortest or longest options. If you choose a shorter repayment term, you’ll usually face higher monthly payments but lower interest rates, resulting in less interest paid to your lender over time.  Conversely, a longer repayment term typically means lower monthly payments but higher interest rates, which can lead to a higher total cost over time. The repayment term you select will largely depend on your c...

Easy Home - Islamic House Finance Easy Home offers a comprehensive interest (Riba) free solution for your home financing needs. Unlike traditional house loans, Meezan Bank’s Easy Home operates through Diminishing Musharrakah, allowing you to co-own your property with Meezan Bank. This arrangement is based on co-ownership rather than a loan, as it focuses on shared ownership of the house rather than lending and borrowing money. Meezan Bank shares in the cost of the home being purchased, creating a joint ownership structure and gradually transferring full ownership to you, which is the key aspect that ensures Easy Home is Shariah-compliant. With Easy Home, you enter into a joint ownership agreement with Meezan Bank, which provides a specific amount of financing. You will make monthly payments to the Bank, which include rent for the home and a portion of your equity share. As your ownership stake in the property increases, your total monthly payment decreases. Once you have completed the ...