How To Get Car Loan From Faysal Bank in Pakistan

Faisal Islamic Car Finance is based on the principles of Madinah Mushaira. It is a medium and long term financing product, where banks and consumers jointly buy an asset and create joint ownership in the asset. The bank leases its share of the assets to the customer, while the customer periodically purchases units of ownership of the assets from the bank. After purchasing all the units, the user becomes the sole owner of the asset.

Faysal Bank Car Loan Benefits

  • Hassle-free application process and procedure
  • Flexibility in selection of cars (i.e. brand new car and local or imported vehicles)
  • Financing amount in the range of eighty five percent (85%) of the value of vehicle
  • Financing tenure from one (1) to seven (7) years
  • Availability of Partial Prepayment facility
  • Availability of Co-Partner facility
  • Option for early settlement
  • For maximum safety, a tracker will be installed in vehicles.
  • Installments will be start after the delivery of vehicle
  • No processing fee until the approval of financing
  • In the range of nine (9) year old vehicle can be financed on easy installments

Faysal Bank Car Loan Eligibility Criteria

Must be a resident of Pakistan.

For Salaried, the minimum monthly income = PKR. 30,000

For Contractual, the minimum monthly income = PKR 50.000

For SEP/SEB, the minimum monthly income = PKR. 40

The age limit for Salaried Individual = Minimum 21 years and Maximum 65 years

The age limit for SEB/SEP = Minimum 21 years and Maximum 70 years.

Faysal Bank Car Loan Required Documents

For Salaried Individuals (SI):

  • Proper filling of Application Form with signed of customer
  • Latest Salary Slip
  • One valid, clear and visible copy of CNIC
  • Two (2) recent passport size photographs
  • State Bank Pakistan (SBP) undertaking properly filled with signed of customer
  • At least last six (6) month’s Bank Statement
  • Certificate of Employment
  • One valid copy of latest utility bill

For Business Person / Self Employed Person:

  • Proper filling of Application Form with signed of customer
  • At least one year business proof with copy of NTN
  • One valid, clear and visible copy of CNIC
  • Two (2) recent passport size photographs
  • State Bank Pakistan (SBP) undertaking properly filled with signed of customer
  • At least last six (6) month’s Bank Statement
  • Having Professional Degree with valid membership of applicable professional body specially for SEP only
  • One valid copy of latest utility bill

Faysal Bank Car Loan Calculator

In order to know the faysal bank car finance loan scheme calculator 2021, please click the link: https://www.faysalbank.com/en/auto-loan-calculator-islamic/

Faysal bank car loan apply online

For Online Apply, please visit the link: https://www.faysalbank.com/en/personal/loans/?inpage_id=9848&apply=view

Faysal Bank helpline number

For further information or any queries, please contact on 021 111-06-06-06 or email at customercomplaint@faysalbank.com

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