Faysal Bank Car Financing Loan Apply Online

Madinah Mushaira based Faisal Islamic Car Finance is a medium and long-term financing product, in which banks and consumers jointly buy an asset and create joint ownership of the asset. Through Faysal Bank car financing loan apply online, the bank leases its share of the assets to the customer, while the customer periodically buys ownership units of the bank’s assets. The user becomes the sole owner of the asset, after purchasing all the units

Faysal Bank Car Financing Loan Benefits

  • Hassle-free application process and procedure
  • Flexibility in car selection (ie new cars and local or imported vehicles)
  • Financing amount in the range of eighty-five percent (85%) of the value of the vehicle
  • Financing of tenure from one (1) to seven (7) years
  • Availability of partial prepaid service
  • Availability of the Co-Partner facility
  • Option of early settlement
  • For maximum security, the tracker will be installed in vehicles.
  • The installments will begin after the delivery of the vehicle.
  • No processing fee until financing approval
  • The nine (9) year old vehicle can be financed in easy installments

Faysal Bank Car Financing Loan Eligibility Criteria

  1. You must be a resident of Pakistan.
  2. For Wage earners, the minimum monthly income = PKR. 30,000
  3. For Contractual, the minimum monthly income = PKR 50,000
  4. For SEP / SEB, the minimum monthly income = PKR. 40
  5. The age limit for the salaried person = minimum 21 years and maximum 65 years
  6. The age limit for SEB / SEP = Minimum 21 years and Maximum 70 years.

Faysal Bank Car Financing Loan Required Documents

For Salaried Individuals (SI):

  • Proper completion of the application form with the client’s signature.
  • Most recent salary slip
  • A valid, clear and visible copy of the CNIC
  • Two (2) recent passport size photographs
  • Commitment of the State Bank Pakistan (SBP) duly completed with the client’s signature
  • Bank statement of the last six (6) months at least
  • Certificate of employment
  • A valid copy of the latest utility bill

For Business Person / Self Employed Person:

  • Proper completion of the application form with the client’s signature.
  • At least one year of commercial proof with copy of NTN
  • A valid, clear and visible copy of the CNIC
  • Two (2) recent passport size photographs
  • Commitment of the State Bank Pakistan (SBP) duly completed with the client’s signature
  • Bank statement of the last six (6) months at least
  • Have a professional title with valid membership of the applicable professional body especially for SEP only
  • A valid copy of the latest utility bill

Faysal Bank Car Financing Loan Calculator

For Faysal bank car finance loan scheme calculator 2021, please click here Car Calculator

How to Apply for Faysal Bank Car Financing Loan 2021

For Online Apply, please visit the link: Apply Online

Faysal Bank Car Finance Loan Scheme Contact Information

Please contact on 021 111-06-06-06 or email at customercomplaint@faysalbank.com for further information or any queries.

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