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 customers, bank Alfalah start a service of bank Alfalah auto loan/Alfalah car financing. Bank Alfalah branches are opened in almost all cities all over Pakistan. You can visit your nearest Bank Alfalah branch for getting Alfalah Car financing and take information about the installment procedure.
You can use the Alfalah car financing calculator to calculate the monthly installments. Alfalah auto loan car financing helps you with 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.
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
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You can call on 111-225-111 for further detail regarding Bank Alfalah Auto Loan.
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Sir mujhy use men gari chahiy toyota carols tody 6ya7 modal
Toyota carola use vaicel 6 and 7 modal I want him
Cultus vehicle
I agreed all of the bank requirement