On the Toyota Corolla installment plan Meezan Bank offers through Car Ijarah, the Toyota Corolla X 1.6 MT (Rs 61,19,000) costs about Rs 1,08,814 a month with the minimum 55% deposit over 3 years, including takaful and tracker. You pay Rs 33,65,450 deposit upfront and need a take-home salary of about Rs 2,17,600. On the same 3-year term, the X 1.6 CVT-i costs about Rs 1,07,270 (60% deposit) and the X 1.8 CVT-i about Rs 1,12,253 (60% deposit).
Last updated: 4 November 2026 by Ahmed. Prices and rates checked on Meezan Bank’s website on 4 November 2026.
Try your own deposit and tenure in our free Meezan Bank Car Loan Calculator. It uses Meezan’s formula and price list and matched Meezan’s own figures to the rupee in our tests.
Want a Toyota Corolla on installment from Meezan Bank in 2026? The Toyota Corolla engine is above 1000cc, so Meezan’s maximum tenure is 3 years. And because no bank can finance more than Rs 30 lakh per person (SBP limit), the minimum deposit is higher than the usual 30%. The tables below show the price of each variant, the monthly rent for every deposit and tenure, the total cost and the salary you need.
Toyota Corolla installment plan Meezan Bank: Every Deposit and Tenure (X 1.6 MT)
Car price Rs 61,19,000. Monthly rent including takaful and tracker, at Meezan’s 15% profit rate. The lowest deposit allowed is 55%.
| Deposit | 1 year | 2 years | 3 years |
|---|---|---|---|
| 55% (Rs 33,65,450) | Rs 2,62,615 | Rs 1,47,211 | Rs 1,08,814 |
| 65% (Rs 39,77,350) | Rs 2,07,386 | Rs 1,17,542 | Rs 87,603 |
| 75% (Rs 45,89,250) | Rs 1,52,157 | Rs 87,873 | Rs 66,391 |
| 85% (Rs 52,01,150) | Rs 96,928 | Rs 58,204 | Rs 45,179 |
Each extra 10% deposit lowers the 3-year rent by about Rs 21,200 a month.
Toyota Corolla Installment Plan Meezan Bank: All Variants
Minimum deposit for each variant (set by the Rs 30 lakh limit) and the rent over 3 years:
| Variant | Price | Minimum deposit | 2 years | 3 years |
|---|---|---|---|---|
| Toyota Corolla X 1.6 MT | Rs 61,19,000 | 55% (Rs 33,65,450) | Rs 1,47,211 | Rs 1,08,814 |
| Toyota Corolla X 1.6 CVT-i | Rs 67,19,000 | 60% (Rs 40,31,400) | Rs 1,44,788 | Rs 1,07,270 |
| Toyota Corolla X 1.8 CVT-i | Rs 70,49,000 | 60% (Rs 42,29,400) | Rs 1,51,615 | Rs 1,12,253 |
| Toyota Corolla X 1.6 CVT-i SE | Rs 73,59,000 | 60% (Rs 44,15,400) | Rs 1,58,027 | Rs 1,16,935 |
| Toyota Corolla Altis Grande 1.8 (Beige Interior) | Rs 76,89,000 | 65% (Rs 49,97,850) | Rs 1,46,213 | Rs 1,08,591 |
| Toyota Corolla Altis Grande 1.8 (Black Interior) | Rs 77,29,000 | 65% (Rs 50,23,850) | Rs 1,46,943 | Rs 1,09,126 |
What Makes Up the Corolla Installment
For the Toyota Corolla X 1.6 MT with a 55% deposit over 3 years:
| Part | Monthly |
|---|---|
| Rent for the car (15% profit) | Rs 95,453 |
| Takaful (Islamic insurance) | Rs 7,562 |
| Tracker | Rs 5,800 |
| Total | Rs 1,08,814 |
Tracker is Rs 5,800 a month because the car costs more than Rs 40 lakh. Takaful here follows Meezan’s calculator (about 1.5% of the price in year one). Meezan’s Car Ijarah page lists takaful at 1.99% with EFU or Adamjee, so your actual figure can be slightly higher.
Total Cost of a Toyota Corolla on Meezan Car Ijarah
| Plan | Upfront | Total paid | Extra over cash price |
|---|---|---|---|
| X 1.6 MT, 55% deposit, 3 years | Rs 33,69,858 | Rs 72,87,162 | Rs 11,68,162 |
| X 1.6 MT, 55% deposit, 2 years | Rs 33,69,858 | Rs 69,02,922 | Rs 7,83,922 |
| X 1.6 MT, 75% deposit, 3 years | Rs 45,93,658 | Rs 69,83,734 | Rs 8,64,734 |
| Altis Grande 1.8 (Black Interior), 65% deposit, 3 years | Rs 50,28,258 | Rs 89,56,794 | Rs 12,27,794 |
Totals include the deposit, all rentals and the processing fee (Rs 3,800 + FED, about Rs 4,408). The “extra” also covers takaful and tracker, which you would pay for in some form even if you bought the car in cash.
Salary Needed for a Toyota Corolla on Installment
For the Toyota Corolla installment plan Meezan Bank needs your take-home pay to be at least twice the monthly rent (50% of your spouse’s income can be added), and all loan installments together within 40% of take-home pay.
| Plan | Monthly rent | Take-home needed |
|---|---|---|
| X 1.6 MT, 55%, 3 years | Rs 1,08,814 | About Rs 2,17,600 |
| X 1.6 MT, 65%, 3 years | Rs 87,603 | About Rs 1,75,200 |
| X 1.6 MT, 75%, 3 years | Rs 66,391 | About Rs 1,32,800 |
| Altis Grande 1.8 (Black Interior), 65%, 3 years | Rs 1,09,126 | About Rs 2,18,300 |
Because financing is capped at Rs 30 lakh, every Corolla variant at its minimum deposit costs about Rs 1.1 lakh a month over 3 years, so you need around Rs 2.2 lakh take-home. A 75% deposit on the X 1.6 MT brings the rent to Rs 66,391 and the salary needed to about rs 1,32,800.
Toyota Corolla on Residual Value Ijarah
Residual Value Ijarah (lower rent, lump sum or car return at the end) allows a deposit of at most 50%. Every Corolla variant needs at least 55% deposit under the Rs 30 lakh limit, so Residual Value Ijarah is not available on the Corolla for resident customers. The regular Ijarah tables above are your options. Overseas Pakistanis can use the Roshan Digital plan below.
Toyota Corolla Installment for Overseas Pakistanis
Through a Roshan Digital Account, Toyota cars qualify. You can lease a Toyota Corolla for up to 7 years from a 15% deposit (salaried; 25% for business owners) at 13.90% to 14.37%, and the Rs 30 lakh limit does not apply (up to Rs 1 crore):
| Variant and deposit | 3 years | 5 years | 7 years |
|---|---|---|---|
| X 1.6 MT, 15% (Rs 9,17,850) | Rs 1,91,852 | Rs 1,34,759 | Rs 1,10,855 |
| X 1.6 MT, 30% (Rs 18,35,700) | Rs 1,60,348 | Rs 1,13,230 | Rs 93,466 |
| Altis Grande 1.8 (Black Interior), 15% (Rs 11,59,350) | Rs 2,40,805 | Rs 1,68,690 | Rs 1,38,496 |
| Altis Grande 1.8 (Black Interior), 30% (Rs 23,18,700) | Rs 2,01,012 | Rs 1,41,497 | Rs 1,16,532 |
There is no processing fee for Roshan Digital customers, Residual Value Ijarah is not offered, and the car is delivered to a close relative in Pakistan. Details: Meezan Car Ijarah for overseas Pakistanis.
How to Get the Toyota Corolla installment plan Meezan Bank Offers
- Check your figure in the calculator and make sure your take-home pay is at least twice the rent.
- Visit a Meezan branch with your CNIC, latest pay slip or business proof, and 6 months’ bank statements.
- Pay the security deposit and processing fee once approved (Meezan says 1 to 7 working days).
- Meezan books the car with Indus Motor (Toyota). Your rent starts after delivery.
FAQ
What is the Toyota Corolla installment plan Meezan Bank offers for 3 years?
About Rs 1,08,814 a month for the Corolla X 1.6 MT with the minimum 55% deposit (Rs 33,65,450), including takaful and tracker. With a 65% deposit it falls to about Rs 87,603.
What is the minimum down payment for a Toyota Corolla on Meezan Bank?
55% for the Corolla X 1.6 MT (Rs 33,65,450), 60% for the 1.6 CVT-i, 1.8 CVT-i and 1.6 SE, and 65% for the Altis Grande, because banks cannot finance more than Rs 30 lakh per person. Add a processing fee of about Rs 4,408.
Can I get a Toyota Corolla for 5 years on Meezan Bank?
Not as a resident. Meezan allows a maximum of 3 years for cars above 1000cc. Overseas Pakistanis with a Roshan Digital Account can lease a Corolla for up to 7 years from a 15% deposit.
Is the Toyota Corolla installment fixed?
Yes. Car Ijarah uses a fixed profit rate, so your rent stays the same for the whole lease unless takaful changes at renewal.
Which Toyota Corolla variant is best on installment?
The X 1.6 MT needs the smallest deposit (Rs 33,65,450). The automatic X 1.6 CVT-i costs a little less a month (Rs 1,07,270) but needs Rs 40,31,400 upfront. Every variant ends up near Rs 1.1 lakh a month at its minimum deposit, because financing is capped at Rs 30 lakh.
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