Bank Alfalah Car Loan Online Apply

Bank Alfalah offers the Alfalah Auto Loan product. Through Bank Alfalah car loan online apply, the consumers can take advantage of the Alfalah car loan to buy a new or used car in Pakistan. The purchase of an imported car can also be used through the Bank Alfalah Car Loan product. Auto loan rates are offered competitively. The Alfalah Bank car loan is available for up to 7 years to spread the cost of the loan to consumers. The minimum duration of the term is 1 year. Borrowers can choose any of the fixed and variable rate based loan products, giving them control over how they would like to manage their money over the term of the loan. Take the driver’s seat when shopping for the perfect car. Alfalah Auto Loan allows you to control your payment plan.

  • You can choose a new, used or imported car
  • Affordable margin rates to choose from – fixed and variable
  • Residual value option to reduce your fee
  • Option to defer registration and insurance charges
  • Zero changes to car replacement option
  • Financing available up to 7 years of permanence

Bank Alfalah Car Loan Insurance and Registration

Bank Alfalah has been a pioneer in offering a deferred registration and insurance product. Through this offer, the Bank facilitates its clients the payment of insurance fees and registration in installments during the term of the financing / lease instead of the initial payment. Therefore, the lowest possible down payment increases the customer’s affordability and also makes it easier for the customer to own a larger / high-value vehicle.

Bank Alfalah Car Loan Vehicle Replacement Option

With this option, the customer can easily purchase a new vehicle and equip their vehicles with a new vehicle without any prior adjustment penalty.

Bank Alfalah Car Loan Fixed and Variable Rate

Bank Alfalah offers it’s Client the option of choosing a fixed or variable financing / leasing rate.

Bank Alfalah Car Loan Balloon Payment

Bank Alfalah offers its clients to reduce their installments by adjusting their capital with a balloon payment twice during the term of the loan. Each balloon payment is equivalent to 6 equal monthly installments.

Bank Alfalah Car Loan for Roshan Digital Account Holders

  • Bank Alfalah RDA Auto Loan allows relatives of the Roshan digital account holder (parents, spouse and children) residing in Pakistan to apply for a car loan under exclusive conditions;
  • If the holder of the Alfalah Roshan Bank (RDA) digital account regularly sends remittances to his family members residing in Pakistan, any of them can use the auto loan service on his behalf.
  • The installation will be processed and approved on behalf of the relative of the RDA holder.
  • The person living abroad (sender) must be doing a job / business for at least 6 months.
  • You have a VISA valid for at least 3 months or proof of residency.
  • There must be continuity in remittances: at least 6 regular deposits to a family member’s local account or remittance receipts

Bank Alfalah Car Loan Suzuki Cultus

Buy a new Sukuzi Mehran, Wagon R, Ciaz, Cultus and Vitara with Alfalah Auto Loan and take advantage of the following benefits

  • Low margin rates
  • Fast loan processing
  • SMS loan processing update
  • Priority delivery
  • 3rd year warranty absolutely free on Qarz etc.

Bank Alfalah Car Loan Required Documents

Basic documentation

  • Complete application form with clients’ signatures
  • Copy of the CNIC
  • SBP commitment on available loans and monthly liabilities
  • 2 recent photos

Documentation according to profession:

  • Salaried individual: Salary slip / Salary letter, 06-month statement
  • Freelance / autonomous professional: 06 months Account statement *
  • Farmer: Fard / Mukhtar e Kar / Certificate of ownership, 06 months Account statement *
  • Rental income: rental agreement (must be valid for the next 3 months), title document, 06 month bank statement
  • Foreign remittances: proof of income / work, sender’s passport (visa valid for at least 03 months), remittance receipts for 06 months or sender’s bank statement for 06 months

Bank Alfalah Car Loan Eligibility Criteria

1. Pakistani National Identity Card Holder

2. Salaried individuals:

a. Minimum gross salary: PKR 30,000 / –

b. Age;

  • Minimum of 21 years to 65 years at the time of maturity of the loan for the private sector personnel and 60 years for the government segment employee

c. Status of work:

  • Permanent: Currently employed, with total work experience of 6 months.
  • Contractual: Currently employed, with total work experience of 1 year.

3. Self-employed / other entrepreneurs:

a. Minimum gross income: PKR 100,000 / – per month (assessed on a bank statement or documentary evidence)

4. Age:

a. Minimum of 21 to 70 years at the time of loan maturity

5. Trade status:

a. Minimum 1 year in current business

6. Self-employed professional:

a. Minimum gross income: PKR 50,000 / – per month (assessed on a bank statement or documentary evidence)

7. Age:

a. Minimum of 21 to 70 years at the time of loan maturity

8. Trade status:

a. Minimum 1 year in current business

Bank Alfalah Car Loan Calculator

Click to download car loan calculator; Calculator

Bank Alfalah Car Loan Apply Online

Click to apply; Apply online

Bank Alfalah Car Loan Scheme Contact Information

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