Askari Bank offers a Secured Personal Finance against your own vehicle, providing a flexible financing solution for a variety of personal needs such as planning a wedding, decorating your home, consolidating debts, traveling, or purchasing gadgets.
Using your vehicle as collateral allows you to access higher loan amounts up to PKR 7,000,000 and enjoy lower mark-up rates. Borrowers can select from fixed or variable mark-up options to align with their financial preferences. Upon approval, the bank disburses funds in customer’s account after completion of HPA marking in favor of AKBL, vehicle insurance and tracker formalities, enabling you to leverage your vehicle’s equity for additional cash at a favorable rate.
| Customer Type | Variable | Fixed, for Whole Tenor |
| Branch Customer | 12 Months KIBOR + 5% | 12 Months KIBOR + 10% |
| Non-Branch Customer | 12 Months KIBOR + 6% | 12 Months KIBOR + 12% |
For corporate deals including Armed Forces, Mark-up will applied as per agreed corporate arrangement for clean Personal Finance or the above specified mark-up, (whichever is lower).
Hence, please refer ‘Eligibility Criteria’ of Personal Finance product here.
Documents mainly required are:
You can apply by visiting our Branches or by calling our 24-hour Contact Center at 051 111-000-787. Our dedicated staff will help you complete your loan application form and other formalities.
