Bank Al Falah Car Loan Scheme 2024

Bank Al Falah Car Loan

A Pakistani citizen residing in a city where Bank Al Falah operates its branches, availing Bank Al Falah Car Loan for a minimum loan maturity of 21 years to 65 years for private sector employees and 60 years for public sector employees. can Self-Employed/Others with minimum age of 21 to 70 years at the time of loan maturity.

Bank Al Falah Car Leasing Scheme

Eligibility Conditions
Pakistani National Identity Card Holder
Salaried Persons:
Minimum Salary PKR 25,000/-
age:

Minimum 21 years to 65 years at the time of loan maturity (private sector employees)
Minimum 21 years to 60 years at the time of loan maturity (Public Sector Employees)
Self Employed/Other:
Minimum Income: PKR 50,000/- per month (estimated on bank statement or documentary evidence)
age:

At least 1 year in current business.
Minimum 21 to 70 years at the time of loan maturity
Salaried persons including Government/Semi-Government employees and Armed Forces employees
Professionals (Chartered Accountants, Consultants, Doctors etc.)
Self Employed Individuals, Proprietorships, Partnerships, Family Businesses
House owners, housewives and retirees with steady rental income/foreign remittances.
You must have income from any of the following sources:
Employment (Permanent/Contract)
Business (Contribution/Value)
Rental income
Agricultural income
Remittances from abroad
Income of co-borrower (co-borrower case)

Documents are required
Basic documents

Complete the application form with customer signatures.
Copy of CNIC
Undertaking of State Bank on loans received and monthly dues
2 recent photos
Documents according to profession:

Salaried Individual: Salary slip/salary letter, 06 months bank statement
Self-Employed Businessman / Self-Employed Professional: 06 Months Bank Statement
Agriculturist: Individual/Mukhtar E-Car/Ownership Certificate, 06 Months Bank Statement*
Rental Income: Rental agreement (must be valid for next 3 months), title document, 06 months bank statement
Foreign Remittances: Proof of Income/Employment, Sender’s Passport (Visa valid for at least 03 months), 06 Months Remittance Slips or 06 Months Remittance Bank Statement
Income assessment facility is available.
Additional documentation may be required during case processing.

Bank Al Falah congratulates Pak Suzuki Motor Company for launching the affordable and versatile all new ALTO 660CC in Pakistan.

Bank Al Falah can help customers own the All New ALTO with the following salient features.

Discount rate of markup

Best insurance rates

Option to change car

RV financing option

Finance Balance Booking Amount

Bank Al Falah Car Loan Scheme 2024