Faysal Bank Car Loan For Doctors

Faysal Bank offers “AutoCash” (Auto Loan Financing) that support small, medium and large scale entrepreneurs. In addition, to satisfy the desire of salaried people to have their own car, Faysal Bank helps them buy local, new or imported used vehicles with a minimum of documentation and flexible financing options with a low down payment through Auto Cash (Car loan plan).

To avail a personal loan against the value of a customer’s car in the account to meet any financial need, Faysal Bank Auto Cash (Auto Loan Program) is the best opportunity

Faysal Bank Car Loan For Doctors Eligibility Criteria

ItemsSalaried IndividualsSelf Employed Businessmen/ Professionals
Age Limit:Up to 21 to 60 YearsUp to 21 to 65 Years
Experience in Job:1 years in permanent job experience,2 years in contractual employeesAt least 1 years in current
business or profession
Salary based Income:At least gross salary per month:
a. Permanent employee PKR 30,000/-
b. Contractual employee PKR 40,000/-
At least monthly income Rs.50,000/-
Salary Account with/ without Bank of PunjabHave to maintain salary accountwith Bank of Punjab or any other bank(s) 

Faysal Bank Car Loan For Doctors Required Documents

Salaried IndividualsSelf Employed Professionals/
One valid copy of CNICOne valid copy of CNIC
One recent passport size photographsOne recent passport size photographs
One valid copy of utility bill of residenceOne valid copy of Professional Degree
Completion of Application FormCompletion of Application Form
Salary slip (latest)Documentation Proof of business NTN, Registration
with concerned Governing body etc.
Statement of Bank
(at least last 6 months, describing last 6 salary credits)
Statement of Bank for last 6 months
Validation Copies of CNIC of 2 referencesValidation Copies of CNIC of 2 references

Faysal Bank Car Loan For Doctors Benefits

Monthly Installment = Easy

Flexible Tenures = From twelve(12) to sixty(60) months in range for repayments

Penalty Option = A zero percent (0%) pre-payment, in case of early settlement of loan.

Pocket mate Visa Debit Card = Admire checking account with a Faysal Pocket mate Visa debit card that promises international acceptability with special security and convenience along with online shopping privileges and cash withdrawals.

Faysal Bank Auto Loan Markup Rates

  • Markup rate is attractive which floats from K+9.5 to K+11.5 of Faysal Bank Auto Loan

Faysal Bank Car Loan Interest Rate

  • Faysal Bank auto loan interest rates are the actual maximum charges in the range up to PKR. 64,000 / – which is based on charges paid to the recovery agency.
  • Recovered vehicle parking and warehouse charges are PKR. 3500 / –
  • The appraisal charges for the recovered Vehicle are at the actual price.
  • The transport costs of the recovered vehicles are at the real price.

Faysal Bank Car Loan Calculator 2021

  • For Faysal bank car loan calculator 2021, please click the here: Loan Calculator

Faysal Bank Car Loan Minimum Income

  • A minimum income of PKR 50,000 / – up to PKR 5,000,000 / – or up to eighty-five percent (85%) of the value of a customer’s car is required For the faysal bank car loan,

Faysal Bank Car Loan for Doctors

Faysal Bank salutes the true hero of the nation. Our doctors are working hard in the battle against COVID-19 during these difficult times. As a tribute to their persistent efforts, Faysal bank offers our physicians the lowest first year premiums at Faysal Auto Finance.

  • For the first year = Capital payment holiday
  • Free Life Takaful Coverage = 5 million rupees
  • Fast processing process
  • Financing of tenure = Up to 7 years
  • Availability of facilities for new and used cars.

How to Apply for Faysal Bank Doctor Car Loan

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