Bank Alfalah Auto/Car Financing detail and Installments Procedure

Bank Alfalah Auto/Car Financing detail and Installments Procedure

Bank Alfalah provides auto loan service to its customers. Now you can get a car by Alfalah auto loan. Today every person wants to own a car by Alfalah auto financing. So according to the need of customer, bank Alfalah start a service of bank Alfalah auto loan/Alfalah car financing. Bank Alfalah braches are opend in almost all cities all over the Pakistan. You can visit your nearest Bank Alfalah branch for getting Alfalah Car financing and take information about installment procedure. You can use Alfalah car financing calculator to calculate the monthly installments. Alfalah auto loan car financing helps you about the payment method according to your own wish and easiness. You can become an owner of the car by Alfalah auto loan car financing. Bank Alfalah helps its customers to pay round sum balloon payment up to 50% of financing value at the end of financing duration to increase the reasonability and cost effective method for its customers.

Alfalah Bank Auto Loan and car fianancing

Characteristics and Advantages

Following are the benefits that Bank Alfalah provide to its convinient customers about Alfalah Auto Loan

  • Depends on customer that he may choose new, used or imported car for his own use.

  • Financing duration up to 7 years.

  • Reasonable interest rate will be fixed or variable.

  • Easy and tension free process and minimum documents required.

  • Insurance will be paid by bank.

  • Free vehicle replacement.

  • You can pay in monthly installments.

  • Quickly process to get loan

  • 24/7 access  to Alfalah phone banking

Bank Offers

  • Toyota (Corolla, Hilux & Fortuner)
  • Honda (City & Civic)
  • Suzuki (Cultus, Swift & Wagonr)
  • Insurance and registration of the vehicle to help the customers
  • Zero replacement charges
  • Customer has the right to choose that interest rate will e variable or fixed.

Documents Required

  • Completely filled application form

  • A duplicate of Computerized National Identity Card (CNIC)

  • Two Passport size pictures

  • Salary Slip of the employee

  • Last Six month Bank Statement

Eligibility Criteria

  • Candidate should be Pakistan

  • Candidate age should be between 21 to 65 Years

  • Candidate should receive income from employment/business/rent/agriculture/abroad

Interest Rate

Fixed Interest Rate

01 Year 02 Year 03 Year 04 Year 05 Year 06 Year 07 Year

New Vehicle

16.00% 16.00% 16.00% 16.50% 16.50% 16.50%

16.50%

Imported Vehicle

16.50% 16.50% 16.50% 16.50% 16.50% NA

NA

Semi New Vehicle

17.00% 17.00% 17.00% 17.00% 17.00% NA

NA

Used Vehicle

17.50% 17.50% 17.50% 17.50% 17.50% NA

NA

Variable Rate

Variable Interest Rate

02 Year 03 Year 04-05 Year 06-07 Year

New Vehicle

K + 3.50%

K + 4.00%

K + 4.50%

K + 5.00%

Imported Vehicle

K + 5.00%

-NA-

Semi New Vehicle

Used Vehicle

Apply Now for Bank Alfalah Auto Loan

Click Here

You can call on 111-225-111 for further detail regarding Bank Alfalah Auto Loan.

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