CAR ON INSTALLMENT

We provide solutions & services to get cars on installments all in over Pakistan through Islamic Banks.  We finance New and Used cars on installment. We finance up to 9 years old cars. We offer lowest profit & takaful rates with lowest down payment. We require easy documentation. You can know about your eligibility, documentation, and products through this website. You can get your required plan through WhatsApp. You can apply for a car finance facility from any city where our branch exists. You have to download the application form sign them and send us bank statements and a bank account maintenance letter.

You can apply with any one of following ways:

1. Download following forms sign them and tcs at (17 A1 Wapda Town Ext. Lahore)  and Whats  call us. at 03204722383.
2. Just call us. at 03204722383. We shall send our representative for processing. He will help you to complete the documentation.
3. You can also visit our office. Appoint us and get free of tension. Just keep your attention on your job. We provide you peace of mind and save your precious time

ELIGIBILITY CRITERIA 

1- BUSINESSMAN 

Business Tenure: Minimum business tenure is 2 Years

Age: Minimum:25 Maximum 70 Years with a car financing tenure

Income:

• The minimum Income should be 100,000 for businessmen within the last 6 months ·
• Maximum Total Monthly Installment should be less than 40% o net monthly income (less installments of already availed credit facilities)
• Other Verifiable income can be added i.e house/shop rental income saving certificate, pension, other job or business etc ·
• The income of wife/ brother/ father or son can be club ·
• Any Default or late payment in previous getting a credit card or loan from any bank will not be considered.

2- SALARIED PERSON

Job Tenure:    Minimum Job tenure for a permanent employee is Six Months and for a contractual employee is One Year

Age: Minimum:25 Maximum 60 Years with a car financing tenure

Income:

• The minimum Income should be Rs. 60,000 for salaried persons within the last 6 months ·
• Maximum Total Monthly Installment  should be less than 40% o net monthly income (less installments of already availed credit facilities)
• Other Verifiable income can be added i.e house/shop rental income saving certificate, pension, other job or business etc ·
• The income of wife/ brother/ father or son can be club ·
• Any Default or late payment in previous getting a credit card or loan from any bank will not be considered.

3- PENSION INCOME

Tenure: Minimum pension tenure is 1 month

Age: Maximum 70 Years with a car financing tenure

Income:

• The minimum Income should be Rs. 60,000 for pension Income within the last 6 months ·
• Maximum Total Monthly Installment  should be less than 40% o net monthly income (less installments of already availed credit facilities)
• Other Verifiable income can be added i.e house/shop rental income saving certificate, pension, other job or business etc ·
• The income of wife/ brother/ father or son can be club ·
• Any Default or late payment in previous getting a credit card or loan from any bank will not be considered.

4- PROPERTY RENTAL INCOME

Tenure: Minimum rent tenure is 6 months.

Age: Minimum:25 Maximum 60 Years with a car financing tenure

Income:

• The minimum Cash Rent should be Rs. 120,000 and bank transferred Rent Rs. 60,000 within the last 6 months ·
• Maximum Total Monthly Installment  should be less than 40% o net monthly income (less installments of already availed credit facilities)
• Other Verifiable income can be added i.e house/shop rental income saving certificate, pension, other job or business etc ·
• The income of wife/ brother/ father or son can be club ·
• Any Default or late payment in previous getting a credit card or loan from any bank will not be considered.

5- Foreign Remittance: 

Cases, where the applicant’s income is remitted from outside of Pakistan, are also eligible for auto finance. The income of the husband, father, or son only would be considered.

Tenure: Minimum rent tenure is 12 months.

Age:  Minimum:25 Maximum 60 Years with a car financing tenure

Remittance Sender Relation: The applicant’s relation with the remittance Sender should be the husband, wife, father, Mother, or son

Income:

• The minimum  Average remittance amount should be Rs. 100,000 within the last 12 months.
• Maximum Total Monthly Installment  should be less than 40% o net monthly income (less installments of already availed credit facilities)
• Other Verifiable income can be added i.e house/shop rental income saving certificate, pension, other job or business etc ·
• The income of wife/ brother/ father or son can be club ·
• Any Default or late payment in previous getting a credit card or loan from any bank will not be considered.