Ask4Car

Financing for new, used and imported vehicles.

Particulars Details
Tenure of Loan 1 to 7 years
Minimum Age of Borrower 21 years
Maximum Age till Maturity of Loan 62 years (Salaried)
65 years (SEB/SEP/Pensioner)
Minimum Salary/Income
Permanent Employees
Contractual Employees
Pensioners
SEB/SEP (Branch Customers)
SEB/SEP (Non Branch Customers)

Rs. 25,000/-
Rs. 40,000/-
Rs. 50,000/-
Rs. 40,000/- Average Balance
Rs. 65,000/- Average Balance
Minimum Employment – Salaried
SEB/SEP (Branch Customers)
SEB/SEP (Non Branch Customers)
Overall 1 year & 6 months with current employer
1 year in same profession
1 year in same business/profession
Finance Amount (subject to DBR) Rs. 200,000/- to Rs. 20 Million
Minimum Equity Requirement New/Used/Imported (<= 1800 CC) - 20% Used/Imported (>1800 CC) – 30%
Mark-up Rates
Salaried


SEB/SEP

Branch Customer: 1 Year KIBOR + 4%
Non-Branch Customer: 1 Year KIBOR + 4.5%

Branch Customer : 1 Year KIBOR + 4.5%
Non-Branch Customer : 1 Year KIBOR + 5%
Used/Imported Vehicle: All Segments : 1 Year KIBOR + 5%

 

Documents Mainly Required:

  • Application Form duly filled in all respects
  • Copy of valid CNIC
  • Salary Slip / Proof of Income
  • Bank Statement
  • Copy of the latest utility bill with no overdue in current month
  • 2 Passport size photographs
  • Biometric Verification

You can apply by visiting our Branches or by calling at our 24 hrs call center at 111-000-787. Our dedicated staff will help you complete your loan application form and other formalities.

You can also submit your details here, our staff will contact you.