The minimum loan amount is PKR 100,000.

We offer installment based loan extended to individuals & Corporate/SME clients for advance booking of the vehicle as well as ready delivery purchase of the vehicle from authorized dealers.

All brands new Pakistani assembled / manufactured cars (unregistered), used & imported cars.

The answer depends on a number of factors that are different for everyone. Your driving “personality”, your vehicle choices, and your financial objectives are important factors.

Tenure of the facility is between 1 to 5 years. For semi commercial vehicles max tenure is 3 years.

Used/Imported Car (Unregistered/Registered) < 8 yrs from date of Manufacturing at maturity
Used/Imported Car <= 5 yrs from date of Manufacturing at approval

We offer variable markup rate linked to KIBOR

Co-borrower must be a member of the immediate family i.e. Spouse, Parents and Children only.

No. Title of the vehicle will remain in Bank’s name throughout the tenure of the facility.

Yes you need a good credit history to avail the facility.

Yes you have an option to pay off the loan anytime on payment of 5% charges on outstanding principal amount.

No. A car lease is for a specific vehicle which means you can’t simply switch vehicles in the middle of your lease. You may apply for a new facility after settlement of existing facility.

We can arrange a comprehensive insurance coverage of vehicle from a number of insurance companies.

Once the facility tenure is completed and you have settled the outstanding amount you will be issued a NOC along with the clearance letter for transfer of ownership in your name.

On non-payment of monthly installments the Bank holds a right to call back the vehicle in accordance with the lease agreement.

No. It is a violation of lease agreement and is strictly disallowed.