Ask4Car

Financing for new, used and imported vehicles.

Particulars Details
Tenure of Loan 1 to 5 years for Vehicles (<= 1000 CC)
1 to 3 years for |Vehicles (>1000 CC)
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. 3,000,000/-
Minimum Equity Requirement New/Used Locally Manufactured (<= 1000 CC) – 20%
 
New/Used Locally Manufactured (>1000 CC) – 30%
Mark-up Rates

Salaried

 

SEB/SEP

  

Branch Customer: 1 Year KIBOR + 4%
Non-Branch Customer: 1 Year KIBOR + 5%

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

Click Here to Calculate your Installment

Documents Mainly Required:

  • Application Form duly filled in all respects
  • Copy of valid CNIC
  • Salary Slip / Proof of Income
  • Bank Statement
  • 2 Passport size photographs
  • Biometric Verification

You can apply by visiting our Branches or by calling at our 24 hrs Voice & Virtual 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.