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Bank AL Habib Apni Car enables you to own your dream car through a convenient repayment plan with seamless processing, and at affordable rates!


Get in touch with our loan advisor for more information.

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Key

Product Features

  • Free Accidental Insurance up to PKR 500,000
  • Financing available for Locally Manufactured New & Used Vehicles
  • Financing for 5 Years of Vehicles upto 1000cc and Financing for 3 Years of Vehicles above 1000cc
  • Easy monthly installments
  • Partial and Pre-payment options
  • Quick processing and minimal documentation
  • Flexible markup rates to choose from
  • Fixed rate and variable rate options
  • Also available under Islamic Finance (Diminishing Musharaka)

Auto Loan Pricing

TenureVariable RatesFixed Rates
New/UsedNew/Used
Fast TrackDRPFast TrackDRP
1-2 Years1YK + 2.5%1YK + 3%1YK + 4%1YK + 4.5%
3 Years1YK + 3%1YK + 3.5%1YK + 4.5%1YK + 5%
4-5 Years1YK + 3.5%1YK + 4%1YK + 5%1YK + 5.5%

Note: Above mention pricing are applicable for working women.

    • Pakistani Nationals
    • Salaried: Minimum 23 years and Maximum 60 years at the time of loan maturity
    • Self Employed Businesswomen/Self Employed Professional: Minimum 23 years and Maximum 65 years at the time of loan maturity
    • Account holder of any Bank
    • Individuals having another source of income i.e., Remittance, Rental, Pension, or Investments may also apply if they maintain a satisfactory account at Bank AL Habib
    • Two recent photographs
    • Copy of valid Computerized / Smart National Identity Card (CNIC / SNIC)
    • Proof of Permanent/Regular employee and 1 Year of working experience
    • Proof of 2 Years of working experience for Contractual Employees
    • Bank Statement of the Last 6 months with the reflection of salary credits
    • Last 3 months’ salary slip/salary certificate
    • Two recent photographs
    • Copy of valid Computerized / Smart National Identity Card (CNIC / SNIC)
    • Acceptable Proof of Business for the last 2 years
    • Bank Statement of the Last 6 months

  • Yes, you can if:

    • You are a Pakistani National, holding valid CNIC/SNIC
    • Having a satisfactory credit history
    • You meet the following age criteria:

    Salaried Individuals:

    Minimum 23 years and Maximum 60 years at the time of loan maturity

    Self-Employed/Other

    Minimum 23 years and Maximum 65 years at the time of loan maturity

    You should have income from any of the following sources:

    • Employment (Permanent/Contractual)
    • Business (Partnership/Proprietorship)
    • Co-Borrower’s Income (Clubbing of Income)
    • Rental Income
    • Agricultural Income
    • Remittances from Abroad
    • Investment Income

  • Locally Manufactured New/Used Vehicles

    • 1-2 Years: 1 Year KIBOR + 2.5%
    • 3 Years: 1 Year KIBOR + 3.0%
    • 4-5 Years: 1 Year KIBOR + 3.5%

    (Rates are higher by 0.5% in case the applicant does not maintain an account at Bank AL Habib for 6 months)

  • Locally Assembled/Manufactured only.

    • Locally Manufactured Brand New Vehicles for personal use.
    • Locally Manufactured Used cars above 1000cc; not older than 7 years from the date of manufacturing.
    • Locally Manufactured Used cars up to 1000cc; not older than 5 years from the date of manufacturing

  • Up to PKR 3,000,000/- aggregate in all banks/DFIs

  • Financing up to 5 years (Financing for 4-5 years is only for locally manufactured vehicles up to 1000cc)

  • Minimum 30% for locally manufactured brand new vehicle

    Minimum 35% for locally manufactured used vehicle

  • You have to pay Down payment, processing fees & first year insurance premium

  • Bank AL Habib has made arrangements with various renowned Insurance companies which are offering special low rates for Bank AL Habib customers

  • You need to repay through the Direct Debit Authority

  • Yes, you have the option to repay any time during the tenure of the loan.

  • Yes. Partial payments can be made twice a year without any fee (after every 6 months) with a minimum of PKR 50,000/-

  • The Bank arranges for the valuation through its panel of approved surveyors/valuators

  • Bank has a number of dealerships on its panel. Selection of dealership will be made by the Customer from dealerships registered on the Bank’s panel.

    • Visit the nearest Bank AL Habib Branch and fill out the form
    • Call our 24/7 Call Center: (+92) 111-014-014
    • Email at apnicar@bankalhabib.com

  • Our representative will guide and explain the required documentation in detail. An indicative list is given below:

    • Complete the application form with the customer’s signature
    • Copy of valid CNIC/NICOP/POC/Smart ID
    • SBP undertaking
    • 2 recent photographs

    Additional documents required as per segment

    • Salaried Individual: Salary Slip, Salary Letter, 06 months Bank Statement, Proof of Permanent/Regular employee and 1 Year working experience/Proof of 2 Years working experience for Contractual Employees
    • Self Employed Businesswomen /Self Employed Professional : 06 months Bank Statement or Income verification report/Acceptable Proof of Business of last 2 years
    • Agriculturist: Fard/Mukhtar e Kar/Ownership, Certificate, 06 months Bank Statement or Income verification report.
    • Rental Income: Rental Agreement (should be valid for next 3 months), Title Document, 06 Months Bank Statement
    • Foreign Remittance: Income/Job Proof, Remitter Passport (valid visa for at least 03 months), 06 months Remittance Slips or 06 months Bank Statement of Remittee
    • Investment Income: Investment income from Government securities and Bank AL Habib deposit will be considered

  • In case of further queries or complaints, you can call us at our 24/7 Call Center at (+92) 111-014-014