Car Plan Request 9Am To 9Pm Online Support Call/Sms or watsup at 0320-4722383, Car Name, Down Payment and Tenure of your required car. You will get your required car financing plan within 24 hours.

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.

Product

• All types of Commercial New Vehicles
• Local & Imported New/ Used Cars up to 9 years old cars

Self-Car Refinance: Loan can be obtained on the already-owned car.

Down Payment: Minimum For 30% 

Maximum Loan: 800,000,000

Tenure:  1 year to 5 years

The manufacturing model is considered for used cars

up to 1000 cc, 9 Years old Local cars can be financed for 3 years

up to 1000 cc 8 Years old Local cars can be financed for 4 years

up to 1000 cc 7 or less than 7 years old Local cars can be financed for 5 years

Above 1000 cc 9 or less than 9 years old Local cars can be financed for 5 years

All Local and Imported 3 or less than 3 Years old cars can be leased for 5 years

DOCUMENTS REQUIREMENT 

1- Business Man:

1. Two Photos
2. CNIC copy of yourself and next of kin, who may be any blood relative or wife.
3. CNIC Copies of any 2 persons who know you in all over Pakistan
4. Last 6 Months’ Bank Statement
5. Bank Account Maintenance Letter with CNIC and Account Opening Date. In the case of a joint account signing authority and operating either or survival should be mentioned.
6. BUSINESS PROOF: 1-For Proprietor: Any Business Proof i.e. Proprietorship Letter rent agreement, utility bill, sales tax receipt, tax return, market or any other membership etc. 2-For Partnership: Partnership Deed and Form C (If VA is Negative) 3-For Private Limited: Memorandum and articles of association, Form A and 29

2- Salaried Person:

1. Two Photos
2. CNIC copy of yourself and next of kin, who may be any blood relative or wife.
3. CNIC Copies of any 2 persons who know you in all over Pakistan
4. Last 6 Months’ Bank Statement
5. Bank Account Maintenance Letter with CNIC and Account Opening Date. In the case of a joint account signing authority and operating either or survival should be mentioned.
6. Copy of appointment letter or salary certificate
7. Last 6-month salary slips. (salary slip should consist of Date of joining, designation, salary breakup with gross salary-deduction-net salary and permanent status

3:Pension Income:

1. Two Photos
2. CNIC copy of yourself and next of kin, who may be any blood relative or wife.
3. CNIC Copies of any 2 persons who know you in all over Pakistan
4. Last 12 Months’ Bank Statement
5. Bank Account Maintenance Letter with CNIC and Account Opening Date. In the case of a joint account signing authority and operating either or survival should be mentioned.
6. Copy of Pension Book

4- Property Rental Income:

1. Two Photos
2. CNIC copy of yourself and next of kin, who may be any blood relative or wife.
3. CNIC Copies of any 2 persons who know you in all over Pakistan
4. Last 6 Months’ Bank Statement
5. Bank Account Maintenance Letter with CNIC and Account Opening Date. In the case of a joint account signing authority and operating either or survival should be mentioned.
6. Tenancy documents and authentic property documents in name of the applicant
7. Rental agreement

5- Foreign Remittance Income:

1. Two Photos
2. CNIC copy of yourself and next of kin, who may be any blood relative or wife.
3. CNIC Copies of any 2 persons who know you in all over Pakistan
4. Last 12 Months’ Bank Statement
5. Bank Account Maintenance Letter with CNIC and Account Opening Date. In the case of a joint account signing authority and operating either or survival should be mentioned.
6. Last 12 months Western Union remittance slips Or Remittance Letter

At 1st we 1st you have not to decide or tell about your required car. You have to decide car after getting an offer will be provided by the bank.

USED CAR PROCESS:

1. Send the application with all income or personal documents.
2. After 6 working days of the verification process bank will offer you car loan approval for you.
3. A consumer account will be opened in our bank. you have to deposit the required down payment in that account.
4. You have to open a regular account in any nearest branch of our bank.
5. You will select a car according to your approval.
6. You will have to keep in mind the selection of a car: 1- The car should be in the name of a person, it should not be the name of any company. 2- current owner according to registration documents should be available for the biometric undertaking at the time of car payment. 3- All token taxes till next June should be paid. 4- if any lien mark on the last reg card or book, it should be cleared from excise. 5- All chain of original documents including Reg. books, Reg cards, and Nocs from banks or companies if any.
7.  You will send clear pictures of complete car file documents with registration books and card, Seller contact number, and pay the order for car appraisal.
8. Our vendor will evaluate the car. it will take almost 7 working days.
9. You will deposit complete payment with registration charges according to the evaluated car value.
10. Bank will create a purchase order after final approval.
11. You will sign an agreement with the bank and provide a car key.
12. Bank will install a tracker and issue a Delivery order on the 3rd day of the agreement signing and you will get the car.
13. You have to contact with registration vendor.  After receiving of registration challan form from the vendor, you have to provide your and the car seller’s biometrics and for the inspection of the car. Then keep in contact with your registration vendor for card.

NEW CAR PROCESS:

1. Send the application with all income or personal documents.
2. After 6 working days of the verification process bank will offer you car loan approval for you.
3. A consumer account will be opened in our bank. you have to deposit the required down payment in that account.
4. You have to open a regular account in any nearest branch of our bank.
5. Bank will create a purchase order after final approval.
6. You will decide to get a car on booking or ready delivery.
7. You have to provide a dealer quotation for your required car.
8. You will sign agreement with the bank.x
9. If there is ready delivery then you will provide a car key and dealer acceptance form and deposit the complete down payment with registration charges
10. Bank will install a tracker and issue a Delivery order on the 3rd day of the agreement sign. and you will get the car.
11. In the case of booking, you are not required to deposit registration and takaful amount. You have to deposit a down payment and withholding tax. The bank will send it for booking. The dealer will tell the time of the car delivery.
12. On delivery of the car, you have to deposit registration and takaful amount with dealer quotation, Key, and DAF. Bank will issue a delivery order.
13. 1. You have to contact with registration vendor.  After receiving of registration challan form from the vendor, you have to provide your biometrics and for the inspection of the car. Then keep in contact with your registration vendor for card and no. plates.

Q: How can I get my required plan?

Ans: Sms your email id, car name/price, advance percentage, and tenure of your required car financing plan.

Q: How can I apply for car financing?

Ans: Fill the application form and send it. You will be contacted within 24 hours.

Q: From which city I can apply?

Ans: You can apply to any city in Punjab, Khayber Pakhtoonkhah, Karachi, Hyderabad, and Islamabad.

Q: May I have to come to Lahore for the car application?

Ans: No you have no need to come to Lahore for the application process. you have to just send your required documents through courier. all processes will be done in your city.

Q: Which vehicles can be financed?

Ans: New, Used, Imported, and commercial vehicles can be financed.

Q: How much old car can be financed.?

Ans:

• 9 years old local / Imported car can be financed
• used commercial vehicle can not be leased

Q: What is the duration of car financing processing?

Ans: Normally case is processed within 10  to 15 working days

Q: Can I Payoff my payment?

Ans: You can pay off your full or partial balance payment before maturity.

Q: On whose name car is registered? 

Ans: Financed car is registered on the customer’s name. The leased car is registered in the bank name.

Q: For how many years can I finance a car?

Ans: You can finance/ lease car for 1 to 5 years.

Q: Which used commercial vehicle can be financed? 

Ans: All commercial vehicles i.e. Mazda, buss, pickup, truck, tractor eg. can be leased

GET PART-TIME INCOME Many people are earning a handsome income by Referring customers. You can also be a part of our team and can earn the part-time income you have to refer customers who want to get car finance facility.