Bank Alfalah Islamic Auto Finance lets you get the car of your choice. With simple, convenient and flexible solutions that are Shari’ah compliant.

Features & Benefits

• Choose locally manufactured/ assembled New or Used cars.
• Flexible tenure 1 to 5 years for vehicles up to 1000 CC (Upto 3 years for vehicles above 1000 CC).
• Security deposit is 30%
• No upfront Takaful charges.
• No upfront registration charges.
• No rentals before delivery of the vehicle.
• With-holding tax (WHT) shall be borne by the bank.
• Competitive pricing.
• Quick Processing time.
• Residual Value (RV) option to lower your monthly rentals.

Eligibility Criteria

• Pakistani.
• Minimum income requirement of Rs. 25,000/- per month (Salaried) and Rs. 50,000/- (Self-employed businessmen or professionals).
• Age limit-For salaried individuals: Minimum 21 years and maximum 60 years (govt. employees) and 65 years (private sector) at the time of maturity and
  Age limit-For self-employed businessman/professional: Minimum 21 years and maximum 70 years at the time of maturity.
• Years in employment:
  Permanent employee: Currently employed with total employment experience of 3 months.
  Contractual employee: Currently employed with total employment experience of 6 months.
  Businessman / self-employed professional: Minimum 1 year in current business.