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Overview

Bank Alfalah offers Roshan Digital Account (RDA) holders the opportunity to finance locally manufactured brand-new vehicles with flexible and Shariah-compliant options. This facility is available for salaried individuals, self-employed professionals, and through lien or remittance-based financing.

Financing Features

  • Financing Amount: PKR 200,000 to PKR 7,500,000.

Down Payment

  • 15% for financing up to PKR 6,000,000.
  • 20% for financing above PKR 6,000,000.
  • 0% security deposit for lien-based financing.
  • Financing Tenor: 2 to 7 years.

Profit Rates

  • Standard: 1-Year KIBOR + 1.00%.
  • Lien-Based: SBP Floor Rate + 1.00%.
  • Rates applied at disbursement based on prevailing KIBOR or SBP rates.

Value-Added Services

Comprehensive takaful coverage available through:

  • Alfalah Takaful Company Ltd.
  • Adamjee Takaful.
  • EFU General Takaful Ltd.

Features & Offerings

Simple Digital Process

Apply online through a quick and convenient digital application with fast approvals.

Flexible Repayment Options

Enjoy competitive profit rates with repayment tenors of up to 7 years.

Joint Application Facility

Roshan Digital Account holders can apply with a local nominee or co-borrower in Pakistan.

Wide Choice of Vehicles

Choose from a range of locally manufactured new cars with priority delivery on selected brands.

Exclusive Protection Plans

Benefit from low-cost Shariah-compliant takaful options with or without tracker facilities.

Direct Delivery to Family

Vehicles are delivered directly to your family members in Pakistan.

Withholding Tax & Charges
  • Withholding tax (WHT) to be borne by the bank.
  • No upfront registration and takaful charges.
Flexible Rentals

No rentals before delivery of the vehicle.

Eligibility

General Requirements

  • You must hold a Bank Alfalah Roshan Digital Account.
  • A local nominee or co-borrower in Pakistan is required.

Salaried Individuals

  • Age: 21 to 65 years at loan maturity.
  • Minimum income: USD 3,000 or equivalent.
  • Minimum employment: 6 months.

Self-Employed / Professionals

  • Age: 21 to 70 years at loan maturity.
  • Minimum income: USD 4,000 or equivalent.
  • Minimum experience: 1 year in current business.

Remittance-Based Applicants

  • Regular remittance credits to a nominee or co-borrower’s account in Pakistan.
  • At least 6 consecutive remittance deposits through an RDA, foreign account, or remittance slips.
  • Must also meet the criteria for salaried or self-employed segments.

Lien-Based Applicants

  • 100% lien marked on funds in your Pak Rupee Roshan Digital Account or Pak Rupee Naya Pakistan Certificate.
  • Lien remains until loan maturity.
  • Financing linked to the term of the Islamic Naya Pakistan Certificate.

Required Documents

Basic Documents

  • Completed online application form.
  • Copy of CNIC/NICOP/POC/Smart ID.
  • Recent photograph.
  • Nominee’s CNIC.

Salaried Individuals

  • Salary slip or certificate.
  • Bureau report from country of residence.

Self-Employed / Professionals

  • Tax returns.
  • Commercial registration certificate (if applicable).
  • 6-month bank statement or income verification report.
  • Account maintenance certificate.
  • Bureau report from country of residence.

Remittance-Based Applicants

  • Proof of remitter’s job or income.
  • Remitter’s passport copy.
  • 6 months of remittance slips or bank statements.

Lien-Based Applicants

  • Only basic documentation required.

Apply Now

Get started with your application in just a few simple steps. Click below to begin

Apply Now

Roshan Apni Car Calculator

*Terms & Conditions apply

Company Name Standard Rate Rates with Value Added Services*
Takaful Rate without Tracking Device Takaful Rate With Tracking Device Takaful Rate without Tracking Device* Takaful Rate With Tracking Device*
AlFalah Takaful Company Limited 1.40% 1.99% 2.00% 2.50%
Adamjee Takaful 1.50% 1.99% 2.90% 3.50%
EFU General Takaful Ltd. 1.50% 1.99% 1.50% 1.99%
Values added Services*
AlFalah Takaful Company Limited
  • Accidental death cover upto Sum Insured of the Vehicle or of PKR 2.5 million whichever is less.
Adamjee Takaful
  • Accidental death cover upto Sum Insured of the Vehicle or of PKR 2.5 million whichever is less.
  • Health Takaful plan of 20% of Vehicle’s Sum Insured or PKR 500,000 whichever is less. (Applicable for Age limit not more than 60 years)
  • Online Unlimited Medical Consultancy.
  • Travel Takaful Plan upto USD 50,000 (Only applicable for Vehicle with sum insured above PKR. 2 Million).
EFU General Takaful Ltd.
  • Accidental death covers of PKR 2.5 million.
* Value added services shall be only applicable for the ‘Value Added Rates.’
* Value added Services shall only be applicable for Local Beneficiary / Co-Applicant.
*Terms and conditions apply.

Disclaimer:

  • Monthly Rental is tentative and subject to change as per the final approval.
  • No upfront Takaful and Registration Charges.
  • WHT will be borne by Bank.
  • For Standard Product KIBOR rate (One Year) on the first day of the month will be applicable and will be revised on Facililty anniversary.
  • For Lien Based Product SBP Floor rate shall be applicable as per SBP’s Monetary Policy at the time of Facililty Booking and will be revised on Facililty anniversary.
  • Cases will be processed subject to satisfaction of Debt Burden Ratio (DBR) (as per Prudential Regulation’s- State Bank of Pakistan), Bank’s internal credit policy and due diligence checks.
  • Processing Fee and all other charges will be applicable as per Banks Schedule of Charges
  • Vehicle prices are tentative exclusive of applicable taxes and subject to change by Manufacturers.