MCB Car Loan Scheme Apply Online

MCB Car Loan Scheme Apply Online

  1. Salaried
  2. Self-Employed
    • Self-Employed Businessmen
    • Self-Employed Professionals
  3. Agriculturists
  4. Landlords – Rental Income
  5. Foreign Remittances
  6. Income from Fixed/Term Deposits
  7. You can also mutually borrow with Spouse over the income clubbing option.

MCB Car Loan Scheme Benefits

  1. Competitive price
  2. Financial tenor: up to 7 years
  3. You can finance new, used, local and imported cars.
  4. Finance up to 80% of the value of the vehicle *
  5. Comprehensive insurance
  6. Option to finance a second or third car
  7. Prepayment option: allows you to prepay part of the total amount of the credit after paying a prepayment fee.
  8. Through the install payment option, renew your current car loan with a new loan without penalty

MCB Car Loan Scheme Eligibility Criteria

  1. Net income: PKR 30,000 per month
  2. Minimum age requirement: 21 years
  3. Maximum age (at loan maturity):
  4. 65 years (salaried) and
  5. 70 (autonomous)
  6. Duration of employment:
  7. Minimum: 6 months of employment (salaried)
  8. Duration of the activity: Minimum: 1 year of activity (autonomous)
  9. Minimum 6-month remittance history through the banking channel (segment of remittances abroad)

MCB Car Loan Scheme Documents Required

  1. Copy of the CNIC
  2. 2 recent passport size photos
  3. Bank statement (from 6 months to 1 year)
  4. Payment receipt / proof of business activity or other documents

MCB Car Loan Calculator 2022

MCB Contact Information

Dial 111-000-622 for more details / or you can also dial 042-35987979 for consumer service.

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