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Bank Alfalah Fleet Finance

Are your business transportation needs being met?

With Bank Alfalah Fleet Finance, you can take your foot off the brake and accelerate your business growth. This financing solution offers a term loan facility that allows you to acquire passenger vehicles for employees or commercial vehicles for business operations. For commercial vehicles, we also provide financing for body/fabrication — giving you the flexibility to meet transportation needs without slowing down.

 


Features & Benefits

  • No additional collateral required

  • Customized financing solutions aligned with your cash flow streams

  • Affordable markup rates

  • Flexible repayment tenure of 1 to 5 years

  • Quick processing and disbursement of funds

  • Minimal processing charges

  • Multiple repayment options:

    • Residual Value / Bullet Payment

    • Balloon Payment

    • Vehicle Replacement Option

  • Financing available for a variety of vehicles (local/imported/new/used/reconditioned), including:

    • Passenger Vehicles (Cars, SUVs, etc.)

    • Commercial Vehicles (Trucks, Buses, etc.)

    • Light Commercial Vehicles (Pickups, Tractors, etc.)

    • Body/Fabrication attached to a commercial vehicle (not financed separately)

 


Eligibility Criteria

  • Sole Proprietorships, Partnerships, Private/Public Limited Companies

  • In the same line of business for at least 3 years

  • Maximum age of 60 years at application for self-employed/sole proprietors

 


Security

  • The financed vehicle itself serves as the collateral — no extra security required.

Features & Benefits

  • No Additional Collateral

  • Customized Financing solutions to meet your cash flow streams

  • Affordable markup rates

  • Repayment tenure of 1 to 5 years

  • Quick processing and disbursement of Loan Facility

  • Minimal processing charges

  • Residual Value/Bullet Payment Option

  • Balloon Payment Option

  • Vehicle Replacement Option

  • Bank Alfalah Fleet Finance is available for a variety of Vehicles (imported/local) but not limited to the following:

    • Private Vehicles Local / Imported / Used / Reconditioned (Cars, SUVs, etc)

    • Commercial Vehicles Local / Imported /Used / Reconditioned (Trucks, Buses etc.)

    • Light Commercial Vehicles Local / Imported /Used / Reconditioned (Pickups, Tractors etc.)

    • Body / Fabrication Attached to a Commercial Vehicle (Not to be Financed Separately)

Eligibility Criteria

  • Proprietorship, Partnership and Private / Public Limited Companies; while in the same business since the last 3 years

  • Maximum age at the time of application is 60 years for self-employed/sole proprietor of the business (no other types of businesses)

Security

  • Vehicle being financed serves as the security itself

Sole Proprietorships, Partnerships, Private Limited Companies, Public Limited Companies, and other business entities with 3+ years in the same business line.

Cars, Jeeps, Vans, Pickups, Trucks, Buses, and other light and heavy commercial vehicles (new, used, reconditioned).

Yes — Bank Alfalah finances body/fabrication attached to a commercial vehicle chassis.

  • 10% for locally manufactured brand-new cars (Suzuki, Toyota, Honda, FAW).
  • 20% for other vehicles (local/imported/new/used/reconditioned).
  • 20% for body/fabrication, based on evaluator’s forced sale value.

Balloon Payment, Bullet Payment (lump sum at end of tenure), and Vehicle Replacement Option.

From PKR 300,000 up to PKR 500 million, with tenure options from 1 to 5 years.

Mark-up is linked with 1-year KIBOR.

Yes — after 1 year, you may partially prepay up to 40% of the outstanding principal or fully settle the facility. Termination charges apply as per policy.

The financed vehicle itself serves as collateral — no additional collateral needed.