If you live in Pakistan, owning a car is a must. In Pakistan alone, 93% of households own at least one vehicle. Every person wants their own dreamy car. For this purpose, he/she works hard forever; throughout all time. As our cities grow and develop, car ownership rates will only continue to rise.
Owning a car is a lifelong investment. If you don’t already have a car, you may be thinking about it. There are some following banks in Pakistan which provide car loan financing schemes:
1. Bank Alfalah
2. Habib Bank Limited
3. Muslim Commercial Bank
4. Askari Bank Limited
5. United Bank Limited
6. Bank Al Habib
7. JS Bank
8. Meezan Bank
9. Standard Chartered Bank
10. Summit Bank
11. Bank Islami Pakistan
12. Bank of Punjab
13. Bank of Khyber
14. Al Baraka Bank
15. MCB Islamic Bank Limited
16. Faysal Bank
17. Dubai Islamic Bank
18. Allied Bank Limited
19. Metro Bank
1. Bank Alfalah
Financing Limit:
Equity up to 70%
Tenure:
Up to 7 years
2. Habib Bank Limited
Financing Limit:
Financing Limit start from 0.2 million to 10 million
Tenure:
Up to 7 years
3. Muslim Commercial Bank
Financing Limit:
Equity up to 80%
Tenure:
Up to 7 years
4. Askari Bank Limited
Financing Limit:
Equity start from 20% to 50%
Tenure:
Up to 7 years
5. United Bank Limited
Financing Limit:
Equity up to 85%
Tenure:
Up to 10 years
6. Bank Al Habib
Financing Limit:
Equity start from 20% to 80%
Tenure:
Up to 7 years
7. JS Bank
Financing Limit:
Financing limit start from 0.3 million to 50 million
Tenure:
Up to 7 years
8. Meezan Bank
Financing Limit:
Equity up to 85%
Tenure:
Up to 7 years
9. Standard Chartered Bank:
Financing Limit:
Financing limit up to 7.5 million
Tenure:
Up to 7 years
10. Summit Bank:
Financing Limit:
Financing limit start from 0.6 million to 6 million
Tenure:
1 year to 5 years
11. Bank Islami Pakistan
Financing Limit:
Financing limit start from 0.25 million to 10 million
Tenure:
1 year to 7 years
12. Bank of Punjab
Financing Limit:
Equity up to 70%
Tenure:
1 year to 5 years
13. Bank of Khyber
Financing Limit:
Financing limit up to 2.5 million
Tenure:
Tenure period up to 5 years
14. Al Baraka Bank
Financing Limit:
Equity up to 70%
Tenure:
1 year to 7 years
15. MCB Islamic Bank Limited
Financing Limit:
Equity up to 80%
Tenure:
1 year to 7 years
16. Faysal Bank
Financing Limit:
Financing limit start from 0.5 million to 5 million
Tenure:
1 year to 5 year
17. Dubai Islamic Bank
Financing Limit:
Financing limit start from 0.1 to 5 million
Tenure:
1 year to 7 years
18. Allied Bank Limited
Financing Limit:
Financing up to 6 million
Tenure:
1 year to 7 years
19. Metro Bank
Financing Limit:
Equity up to 80%
Tenure:
1 year to 5 years