alfalah

A car that suits you,
with terms that
work for you

Alfalah Auto Loan

Be in the driver’s seat when buying the perfect car. Alfalah Auto Loan lets you control your payment plan.

  • You can choose a locally assembled/manufactured new or used car
  • Affordable markup rates to choose from
  • Residual value option to lower your instalment
  • Partial Payment Option Available
  • Option to Defer Insurance & Registration charges
  • Zero charges on Car replacement option
  • Flexible financing tenure
    • 2 to 7 years (vehicles up to 1000 CC)
    • 2 to 5 years (vehicles above 1000 CC)

CALCULATE YOUR AUTO LOAN INSTALMENT


Product Offerings

Under RV product, Bank Alfalah provides convenience to its customers to pay a lump sum balloon payment at the end of the financing tenure for increased affordability and convenience of repayments.
Available for the residents of Lahore, Kasur, Sheikhupura, Gujranwala, Gujrat, Sialkot, Multan, Faisalabad, Bahawalpur, Rahim Yar Khan, Sahiwal, Okara, Islamabad & Rawalpindi (including approachable peripheries Wah, Kamra, Taxila), Peshawar, Jhelum, Sargodha, Abbotabad, Karachi, Hyderabad, Sukkar & Quetta.

Vehicles allowed under RV
Suzuki : Mehran, Bolan, Cultus, Wagon R, Swift, Alto
Toyota : Corolla, Fortuner, Hilux
Honda : City, Civic, BR-V

  • Used, Imported (Reconditioned) Vehicles not allowed.
  • Maximum Financing up to 5 years only.
  • Maximum RV upto 50%.

Convert your pre-booked vehicle into Bank Alfalah financing.

Easy on your pocket. Instead of paying balance payment in cash of your newly booked vehicle, let us take care of your payment by converting it into auto financing with Bank Alfalah Auto Loan Partial Payment Product. You can pay in easy monthly installments.

Under this option, customer can easily purchase a new vehicle and adjust their vehicles with a new vehicle without any pre adjustment penalty.

Bank Alfalah offers its customers to lower their instalments by adjusting their principal with a balloon payment twice during the tenure of the loan. Each balloon payment equals to 6 equal monthly instalments.

Bank Alfalah RDA Auto Loan empowers Family members of Roshan Digital Account Holder (Parents, Spouse & Children) residing in Pakistan to apply for Auto Loan on exclusive terms;

  • If Bank Alfalah Roshan Digital Account (RDA) Holder is regularly forwarding remittance to his / her family members residing in Pakistan then any one of them can avail auto loan facility in their name.
  • Facility shall be processed and approved in the name of RDA holder’s family member.
  • Person living abroad (Remitter) should be doing job/business for at least 6 months.
  • Has a valid VISA for at least 3 months or Residency Proof.
  • There should be continuity in remittance – at least 6 regular deposits in local account of family member or remittance slips.

Bank Alfalah has pioneered to offer Deferred Insurance and Registration product. Through this offering, Bank facilitates its customers to pay Insurance and Registration Charges in instalments during the tenure of the financing instead of upfront down payment. Hence lowest possible down payment increases customer’s affordability and also facilitates the customer to own a high value/bigger vehicle.

Bank Alfalah provides its Customer with an option to choose fixed or variable rate of financing/leasing.

Apply Now Or you can apply for Alfalah Auto Loan at the branch.
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