Here we are giving you Bank Alfalah Car Financing Details And Installment Plan. Bank Alfalah has made it very easy to get your dream car. It was never as easy as Bank Alfalah has made it. The Minimum documentations and suitable mark-up rates by Bank Alfalah are giving a new turn to car financing. Bank Alfalah was incorporated on 21st June 1997 as a Public company under ordinance 1984. According to a survey it is stated that this the fifth largest bank of Pakistan with 648 branches in more than 170 cities all over the country. Besides this, Bank Alfalah is an international bank which is operated by an Abu Dhabi group and this Bank is also giving its services in Afghanistan, Bangladesh, and Bahrain. This bank has now given new policies for can financing. Here we are giving you every single detail about Bank Afalah car financing and installments plans. These details will include eligibility criteria, documentation and mark up rates. Also check, Bank Al Habib Apni Car Auto Loan.
Bank Alfalah Car Financing Details And Installment Plan
Bank Alfalah is offering Car Financing to its customers through which you can make your dream come true. No matter you want to purchase a new car or used car, you can apply for Bank Alfalah Car Financing and check the Bank Alfalah Installment plan up to 7 years. The complete detail is given in the below side of this post.
Bank Alfalah Car Finance:
Bank Alfalah car finance is making it very easy to get your dream car. This is a perfect platform that will surely suit your needs. With Bank Alfalah car financing you will get affordable and tailor-made financing options which will come to you with special features. All these things can give you your most preferred car in no time.
Bank Alfalah Car Finance Salient Features:
- Customers are given the choice to get a car that is new, used or even imported.
- You can choose a suitable monthly installment plan from tenures up to 7 years.
- With greater down payment flexibility you can pay as much you can.
- Comprehensive insurance with reasonable rates is also included.
- There is no implement of termination charges on car replacement.
- Minimum documentation for convenience of valued customers.
Bank Alfalah Car Financing Documents required:
- Passport sized two photographs.
- Computerized national ID card copy.
- Six month bank statement.
- Salary certificate in English.
- Verified signatures by the banker.
Car Financing Eligibility criteria:
- Candidates must be a Pakistani national
- Candidates must be aged from 21 to 65 years.
- Income source is required such as employment, business or Co-borrower.
- A sel-employed person must have minimum 50,000 per month income
- Rental income, Insurance income holder can also apply for the Car loan
Bank Alfalah Car Loan Installment Plan:
Those persons who are looking for the Bank Alfalah Car Loan Installment Plan can check the Markup rates and other details from this website. It is compulsory to calculate interest either variable or fixed before buying a new car or used car.
Bank Alfalah Markup Rates for Car Loan:
Bank Alfalah is providing the most efficient and affordable mark up rates for car financing. According to the policy of Bank Alfalah different mark up rates are offered by for different cars. Brand new vehicles have a different rate, brand new imported vehicles have different and new semi commercial and second hand vehicles have different rates. Below we are giving you the chart in which mark up rates for every vehicle is given under the tenure options up to 7 years. These markup rates are given in percentage from the total amount financed by the Bank Alfalah.
|Financing Product on Fixed Rates||1 Year||2 Years||3 Years||4 Years||5 Years||6 Years||7 Years|
|Auto Loan for Brand New Vehicles||16.00%||16.00%||16.00%||16.50%||16.50%||16.50%||16.50%|
|Auto Loan for Brand New Imported Vehicles||16.50%||16.50%||16.50%||16.50%||16.50%||-NA-||-NA-|
|Brand New Semi Corn. Vehicles (Local Make)||17.00%||17.00%||17.00%||17.00%||17.00%||-NA-||-NA-|
|Second Hand Vehicles||17.50%||17.50%||17.50%||17.50%||17.50%||-NA-||-NA-|
|Second Hand Vehicles||21.00%||21.00%||21.00%||21.00%||21.00%|
The complete detail of Bank Alfalah Car Financing Details And Installment Plan is given above. Must check this detail to get complete information about Bank alfalah Car Loan.