National Bank has introduced Islamic Car Loan in Pakistan. National Bank has launched Aitemaad Hamsafar Auto Finance Scheme. Under this scheme, a loan of Rs 500,000 to Rs 15 million can be taken to buy a car.
The customer has two options
1) If a customer wants to buy a car of any company by taking a loan from National Bank, then he can get a loan from National Bank to buy a car.
2) If a customer wants to buy a car from National Bank, National Bank will register the car.
customer both male and female new car and used car can be taken from National Bank.
If a customer wants to buy a used car, the car should not be more than 9 years old
If a customer wants to buy a 1000 cc car, he has to repay the entire loan in 1 to 7 years with monthly installments.
If a customer wants to buy a new car, he has to repay the entire loan in one to 5 years.
Customer Share as Equity
If customer wants to buy one thousand cc car then customer will pay at least 15% for car purchase.
If the customer wants to buy a car of more than one thousand cc, the customer will pay at least 30% for the purchase of the car.
1) Holders of Pakistani nationality who have an identity card
2) All men and women
3) Salary and business people
4) Overseas Pakistani
5) The age of the salaried person should be between 21 to 60 years
6) Businessmen or self-employed people between the ages of 21 and 65
7) The monthly salary of a salaried person should be up to Rs. 50,000
8) The monthly income of a businessman should be Rs. 4 lakhs
9) The salaried man has been employed for one year
10) The businessman should have two years of experience
1) Copy of ID card
2) Two pictures
3) Salary slip / emulation certificate
4) Six months bank statement
5) Copy of electricity bill
6 Business prof
National bank car loan calculator : https://www.nbp.com.pk/islamic/Calculator.aspx
How to Apply
An interested customer can go to any of the nearby National Bank Trust branches and submit the form.