Loans - Bank Alfalah AlfalahBank
Being in the driver's seat when buying the perfect car Alfalah car loan allows you to control your payment plan.
Ability to defer the cost of insurance and registration.
You can choose a car that is new, used or imported.
Affordable rates of increase in fixed and variable selection.
minimum documentation and hassle free fast processing.
Sub product RV, the Alfalah Bank provides convenience to its customers to pay a lump sum balloon up to 50 financial value at end of term funding for increased accessibility and convenience refunds.
This product variant provides convenience to customers to own one of the vehicles mentioned below on the lowest possible slices.
Available to residents of Islamabad, Lahore, Multan, Faisalabad and Karachi only.
Bank Alfalah Bank is the pioneer of offering a deferred insurance and registration products With this offer, the Bank helps its clients to pay insurance and registration fee in installments over the content of the rent financing instead of advance in the payment by down as low as possible down the affordability of the customer payment increase and also facilitates the customers in possession of a larger vehicle value.
With this option, customers can easily purchase new vehicles and adjust their vehicle with a new vehicle without penalty before adjustment.
Alfalah Bank provides its customers an option to choose a fixed or variable rate lease financing.
Bank Alfalah offers its customers reduce their payments by adjusting their principal with a balloon payment twice in the life of the loan Each balloon payment is 6 equal monthly installments.
Fill the application form with customer signatures.
SBP business on availed loans and monthly liabilities.
Individual Employee Salary Slip salary Letter, 06 months Bank Statement.
SEB 06 seven months Bank Statement or income verification report.
Agronomist Fard Mukhtar e Kar ownership certificate, 06 month bank statement or income verification report.
Income lease rental should be valid for 3 months Document Title, 06 Months Bank Statement.
Foreign employment income Remittance Proof, Paying visa valid passport for at least 03 months, 06 months or 06 months Remittance Slips Declaration of the recipient bank.
You hold the Pakistani national identity card.
For Salaried person, you should be between 21 and 60 years for self-employed Other categories you should be between 21 to 65 years maturity of the loan to fall into the same age group.
People whose semi-government employees and for employees of the government armed forces.
Professional Chartered Accountants, Consultants, doctors, etc.
Self-employed, INDIVIDUAL, partners, Concern family business.
The owners, housewives retired people with rental income transfers constant foreign funds.
You must have income from the following sources.
You are a Pakistani national in a city here Alfalah Bank operates its branches.
You must be aged between 21 and 60 years maximum in case of Employee and 65 years in case of Independent Business at the time of maturity of the loan.
You must have income from the following sources.
For new vehicles produced locally and imported new vehicles, Rs 200,000 minimum opportunity - and maximum Rs 6,000,000.
For vehicles manufactured locally, at least Rs 200 000 - Rs with up to 4,000,000.
Minimum Maximum 1 year 5 years for all vehicles.
Minimum Maximum 1 year 7 years for any new locally Vehicles with engine output of 950 CC above.
-For locally CBU minimum New vehicles 20 vehicles Value Up to Rs 4 million financing.
35 min Vehicle Value for financing above Rs 4 million.
25 minimum FSV vehicles uptoRs 2M Financing.
Min 40 FSV vehicle for financing above Rs 2 0M.
Min 35 FSV above financing vehicle for Rs 4M.
Forced sale value of the vehicle provided by the licensed appraiser.
Note Used CBU will be treated in the segment of imported New Used vehicles.
You have to pay Rs processing fee 6500 - Rs 7540 - with 16 EDF, the registration fee and the insurance premium for the first year.
Bank Alfalah has made arrangements with the best insurance companies that offer special insurance rates down for customers of Bank Alfalah.
Instructions for collection holders Alfalah Bank account only.
Direct deposit payment into the account of refund.
Yes, you have the ability to repay the loan by the SOC into force after six months of using the funding mechanism.
The car's safety, which will be mortgaged to the bank and privilege will be marked by the Directorate General of Taxes respective excise.
What if I want the car on behalf of my family members.
Yes, you can avail the facility with the names of family members mentioned below and the vehicle can be registered in one of the borrowers or appropriate.
What are the necessary documents to get a car loan sanctioned.
Our representative will discuss in detail the documents you need to submit an indicative list is given below.
Fill the application form with customer signatures.
Individual Employee Salary Slip salary Letter, 06 months Bank Statement.
SEB 06 seven months Bank Statement or income verification report.
Agronomist Fard Mukhtar e Kar ownership certificate, 06 month bank statement or income verification report.
Income lease rental should be valid for 3 months Document Title, 06 Months Bank Statement.
Foreign employment income Remittance Proof, Paying visa valid passport for at least 03 months, 06 months or 06 months Remittance Slips Declaration of the recipient bank.
How is it different from other funding schemes available in Pakistan.
Quickest processing execution time to market.
reduced insurance rates with free tracking device.
You can call 111-225-111 speak to our Phone Banking Officer or call your nearest branch of our network of over 640 branches throughout the country Pakistan.
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For more information on our products call our Phone Banking Service at 111-225-111.
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