MCB Car4U Scheme | How To Get Car Loan from MCB Bank

MCB Car4U, delivers a complete supporting solution to help you have the car of your daydreams with a modest profit margin and insurance rates. Each and every one with the maximum age of 21 who gets proper income of RS 30000 per month can apply for this scheme. MCB also gives an option to choose to finance a second or third car.

You can apply for the MCB Car4U loan if you have the source of income through the following options:

1.      Salaried

2.      Self-Employed

a.       Self-Employed Businessmen

b.      Self-Employed Professionals

3.      Agriculturists

4.      Landlords – Rental Income

5.      Foreign Remittances

6.      Income from Fixed/Term Deposits

7.      You can also mutually borrow with Spouse over the income clubbing option.

MCB Car Loan Scheme Benefits

1.      Competitive price

2.      Financial tenor: up to 7 years

3.      You can finance new, used, local, and imported cars.

4.      Finance up to 80% of the value of the vehicle

5.      Comprehensive insurance

6.      Choice to finance a second or third car

7.      Prepayment Option – Lets you to prepay part of the total credit amount after sustaining a prepayment fee.

8.      through install payment option, renovate your current car loan with a new loan without penalty

MCB Car Loan Scheme Eligibility Criteria

1.      Net income: PKR 30,000 per month

2.      Minimum age requirement: 21 years

3.      Maximum age (at loan maturity):

4.      65 years (salaried) and

5.      70 (autonomous)

6.      Duration of employment:

7.      Minimum: 6 months of employment (salaried)

8.      Duration of business: Minimum: 1 year of business (autonomous)

9.      Minimum 6-month remittance history through the banking channel (foreign remittance segment)

MCB Car Loan Scheme Required Documents

1.      Copy of the CNIC

2.      2 recent passport size photographs

3.      Bank statement (6 months to 1 year)

4.      Pay stub / proof of business activity or other documents

MCB Car Loan Standard Pricing 2021

MCB Car Loan Calculator

MCB Car loan calculator is available in the link, go and calculate the MCB personal loan finance https://www.mawazna.com/car-finance/mcb

MCB Car Loan Apply Online

Fill the form present in the link with your concern requirements the MCB staff will contact you back for more information https://www.mcb.com.pk/customer_services/contact-us

MCB Car Loan Contact Information

For more details, dial 111-000-622 to call the call center and / or you can also dial 042-35987979 for our consumer assistance service.

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