• New Car Financing: Our new-car financing options offer competitive rates and low down payments, making it easier than ever to drive away in your new vehicle.
• Used Car Financing: We finance used cars up to 9 years old, so you have access to quality vehicles without stretching your finances.
• Islamic Banking Compliance: We provide our services through an Islamic Bank. Our Services are fully compliant with Islamic Banking principles, providing you with peace of mind in your financing journey.
• Nationwide Availability: With branches across Pakistan, you can access our services from your city, making the process convenient and straightforward.

• Loan Category: Financing Through an Islamic Bank
• Minimum Down Payment: 20% T0 30%
• Tracker: We offer free tacker. No installation or maintenance charges are charged.
• Takaful Services: Our takaful services provide you with comprehensive coverage at the lowest rates.
• Financing Tenure: 1 To 7 Years
• Processing Time: Estimated 15 Days
• Profit Ratio: Fixed and Variable both options are available
• Balloon Payment & prepayment option: Balloon payment and payoff options are available to help you pay off your loan

Which Documents are Required for the Application

1-Business Income:

 FLEET FINANCING

Unlimited Financing according to (Minimum Down Payment 20% to 30% Unlimited Maximum Financing, Local/Imported/Commercial Vehicles)

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 all over Pakistan
4.  CNIC Copies of all partners or directors
5.  Last 12 Months’ Company Name Bank Statement. Bank Statement on personal name will be optional for sporting income.
6. Bank Account Maintenance Letter with CNIC and Account Opening Date. In the case of a joint account, the signing authority and the operating either-or-survival should be mentioned.
7. Last 3 years’ audited financials and next 5 years’ projections
8.  All inside and outside pictures of the Business Setup
9. Letters of Already availed Loans and NOC of closed loans and Credit Cards
10. Names of sellers and purchasers and Contracts with them, if any.
11. The business profile includes the nature of business branches and the addresses of all branches. Group of companies’ details.
12. Opening of a Bank account in the company name.
13. Company stamp.
14. Last 3 years’ tax returns and NTN Certificate
15. BUSINESS DOCUMENTS:

              For Proprietor: Any Business Proof, i.e., Proprietorship Letter, rent agreement, utility bill, sales tax receipt, tax return, market or any other membership, etc.

For Partnership: Partnership Deed, Form C, AND Partnership Mandate.

              For Private Limited: Memorandum and articles of association, Form A and 29, Incorporation Certificate, and Board of Resolution.

Financing   according to State Bank Limitations (Just Local Cars, Minimum Down Payment 30% Maximum Financing 3 Million, less than 40% DBR)

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 all over Pakistan
4. CNIC Copies of all partners or directors
5. Last 6 Months’ Bank Statement
6. Bank Account Maintenance Letter with CNIC and Account Opening Date. In the case of a joint account, the signing authority and the operating either-or-survival should be mentioned.
7. Letters of Already availed Loans and NOC of closed loans and Credit Cards
8. BUSINESS PROOF:

·         For Proprietor: Any Business Proof, i.e., Proprietorship Letter, rent agreement, utility bill, sales tax receipt, tax return, market, or any other membership, etc.

·         For Partnership: Partnership Deed and Form C

·         For Private Limited: Memorandum and articles of association, Form A and 29, Incorporation Certificate

 

2- Salaried 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 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, the signing authority and the 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
8. Letters of Already availed Loans and NOC of closed loans and Credit Cards

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 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, the signing authority and the operating either-or-survival should be mentioned.
6. Copy of Pension Book.
7. Letters of Already availed Loans and NOC of closed loans and Credit Cards

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 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, the signing authority and the operating either-or-survival should be mentioned.
6. Letters of Already availed Loans and NOC of closed loans and Credit Cards
7. Tenancy documents and authentic property documents in the name of the applicant
8. 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 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, the signing authority and the operating either-or-survival should be mentioned.
6. Copy of Pension Book.
7. Letters of Already availed Loans and NOC of closed loans and Credit Cards
8. Last 12 months Western Union remittance slips Or Remittance Letter

Eligibility Criteria

SR. NO.	CATEGORY	AGE	MINIMUM JOB OR BUSINESS TENURE	MINIMUM INCOME	Maximum Financing	Car Category Options	Bank Account Title and Tenure
1	Businessman Fleet Financing	21-70 years	12 Months	Rs. 100,000	Un limited	New and Up To 5 Years Old Local, Imported & Commercial Vehicles	Company Name              12 Months
2	Businessman	21-70 years	12 Months	Rs. 100,000	3,000,000	New and Up To 9 Years Old Local Cars	Company or Personal Name 6 Months
3	Salaried Person	21-60 years	6 months	Rs. 70,000	3,000,000	New and Up To 9 Years Old Local Cars	Company or Personal Name 6 Months
4	Pension Income	21-70 years	1 Month	Rs. 70,000	3,000,000	New and Up To 9 Years Old Local Cars	Company or Personal Name 12 Months
5	Property Rental Income	21-70 years	6 Months	Rs. 200,000	3,000,000	New and Up To 9 Years Old Local Cars	Company or Personal Name 6 Months
6	Foreign Remittance	21-70 years	12 Months	Rs. 100,000	3,000,000	New and Up To 9 Years Old Local Cars	Company or Personal Name 12 Months

Common Conditions

• Maximum Offered Installment Less Than 40% Of Net Income
• Other verifiable income can be added. Income of wife, brother, father, or son can be clubbed
• No default or late payment history in previous credit facilities

·         Simple Application Process

Follow our straightforward steps to apply for your car financing with ease.

Download Application

Start by downloading our application form available on our website. Please fill it out carefully to ensure all information is accurate.

Gather Documents

Collect all required documents, including your bank statements and account maintenance letter, to support your application.

Submit Your Application

Please send your completed application along with the required documents to our nearest branch or via email for processing.

Await Approval

Once submitted, our team will review your application and get back to you with the approval status as soon as possible.

Used Car Process

1. Apply with income and personal documents
2. The bank offers approval after 6 working days
3. Open a consumer account and make a down payment
4. Open a regular account in a bank
5. Select a car (meeting bank criteria)
6. Send car documents for appraisal (7 working days)
7. Deposit payment and registration charges
8. The bank creates a purchase order
9. Sign the agreement, and provide the car key
10. Bank installs tracker, issues delivery order (3rd day)
11. Get the car and contact the registration vendor

 

Key Criteria for Used Cars

1. Car in an individual’s name
2. Current owner available for biometric
3. Taxes paid till June
4. No lien on registration documents
5. Original documents provided

 

New Car Process

1. Apply with income and personal documents
2. The bank offers approval after 6 working days
3. Open a consumer account and deposit the down payment
4. Open a regular account in the bank
5. Decide on booking or ready delivery
6. Provide dealer quotation
7. Sign an agreement with the bank
8. Deposit payment and registration charges
9. Bank installs tracker, issues delivery order
10. Get the car and contact the registration vendor

FAQ

1. SMS your plan details to get a quote
2. Fill the application form and get contacted within 24 hours
3. Apply from Punjab, Khyber Pakhtunkhwa, Karachi, Hyderabad, and Islamabad – no need to visit Lahore
4. New, used, imported, and commercial vehicles can be financed (up to 9 years old)
5. Processing takes 10-15 working days
6. Pay off the full or partial balance before maturity
7. Car registered in the customer’s name (financed) or the bank’s name (leased)
8. Finance/lease for 1-7 years
9. Commercial vehicles (Mazda, bus, pickup, truck, tractor, etc.) can be leasedGet Part-Time Income

GET PART-TIME INCOME

Earn Part-Time Income by Referring Customers!

Join our team and earn a handsome commission by referring customers who want to get a car finance facility.

 

·         Full-Time Employee: Join our sales team with a salary + commission

·         Part-Time Employee: Earn extra income with your existing job or business through commission

 

No need to give separate time for this job. Refer customers and earn!