Alfalah Auto Loan
Alfalah Auto Loan is a popular product of Bank Alfalah. Alfalah Auto Loan provides flexible auto-financing options for those who wants to own a car. It also gives the customer ease of choosing a suitable payment plan,cheap replica watches customers can calculate Monthly Loan Payment through Alfalah Car Loan Calculator. Moreover, the whole process is hassle-free and quick.replica Breitling
Bank Alfalah also have Alfalah Car Ijarah which is designed according to the principles of Shariah. Alfalah Car Ijarah is considered completely interest-free.buy replica rolex
Key Features and Benefits
Bank Alfalah car financing calculator gives Residual Value option which can lower monthly installment. For selected cars, Bank Alfalah’s customer can pay a lump sum balloon payment (up to 50% of Financing Value) at the end of the financing tenure for increased affordability and ease of repayments.
Alfalah Auto Loan gives the option of choosing a new, used, or imported vehicle. The Loan tenure ranges from 1-7 years. Alfalah Auto Loan offers fixed and variable pricing plans. For imported (new/used) and brand new locally manufactured vehicles, one can get financing up to PKR 6,000,000. For used locally manufactured vehicles, the financing limit is PKR 4,000,000. Another salient feature of Bank Alfalah Car financing is that there are no charges on car replacement. Special comprehensive insurance rates offered by Bank Alfalah makes Alfalah Car finance more attractive. Moreover, Alfalah Auto Loan also gives the option of paying insurance and registration charges in installments instead of paying upfront. Not only it reduces the down payment, but it also increases customer’s affordability.
Eligibility for Bank Alfalah Car Financing
A Pakistani national having a stable and verifiable income source can apply for Bank Alfalah car financing. The age range for a self-employed/other it is 21-65 and for a salaried person (Government/Semi-Government, and Armed Forces employees) is 21-60 years. The other category includes professionals (Charted Accountants, Doctors, and Consultants), self-employed individuals, landlords, housewives, and retired individuals who can apply for Bank Alfalah Car Finance.
Required Documents
- Two passport size photographs
- Copy of Computerized National ID Card
- Bank statement for the last six months
- Salary certificate (in English) specifying the name, date of joining, designation and salary details
- Signatures verified from your Banker
- Same above documents of Co-Borrower (In Case of Co-Borrower Case) : Employment (Permanent/Contractual) , Business (Partnership/Proprietorship), Co-Borrower’s Income (Clubbing of Income)