Bank alfalah auto loan application form

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Bank Alfalah Auto Loan

Be in the driver’s seat when buying the perfect car. Bank Alfalah Auto Loan lets you control your payment plan.

• You can choose a locally assembled/manufactured new or used car
• Affordable markup rates to choose from
• Residual value option to lower your instalment
• Partial Payment Option Available
• Option to Defer Insurance & Registration charges
• Zero charges on Car replacement option
• Flexible financing tenure
  • Minimum 2 years & Maximum 5 Years (Vehicles up to 1000 CC)
  • Minimum 2 years & Maximum 3 Years (Vehicles above 1000 CC)

  CALCULATE YOUR AUTO LOAN INSTALMENT

  Product Offerings

  Residual Value (RV) Product

  Under RV product, Bank Alfalah provides convenience to its customers to pay a lump sum balloon payment at the end of the financing tenure for increased affordability and convenience of repayments.
  Available for the residents of Lahore, Kasur, Sheikhupura, Gujranwala, Gujrat, Sialkot, Multan, Faisalabad, Bahawalpur, Rahim Yar Khan, Sahiwal, Okara, Islamabad & Rawalpindi (including approachable peripheries Wah, Kamra, Taxila), Peshawar, Jhelum, Sargodha, Abbotabad, Karachi, Hyderabad, Sukkar & Quetta.

  Vehicles allowed under RV
  Suzuki : Mehran, Bolan, Cultus, Wagon R, Swift, Alto
  Toyota : Corolla, Fortuner, Hilux
  Honda : City, Civic, BR-V
  KIA : Picanto, Sportage
  Hyundai : Tucson

  • Used, Imported (Reconditioned) Vehicles not allowed.
  • Maximum Financing up to 5 years only.
  • Maximum RV upto 50%.

  Partial Payment Product

  Convert your pre-booked vehicle into Bank Alfalah financing.

  Easy on your pocket. Instead of paying balance payment in cash of your newly booked vehicle, let us take care of your payment by converting it into auto financing with Bank Alfalah Auto Loan Partial Payment Product. You can pay in easy monthly installments.

  Vehicle Replacement Option

  Under this option, customer can easily purchase a new vehicle and adjust their vehicles with a new vehicle without any pre adjustment penalty.

  Option for Balloon Payment

  Bank Alfalah offers its customers to lower their instalments by adjusting their principal with a balloon payment twice during the tenure of the loan. Each balloon payment equals to 6 equal monthly instalments.

  Alfalah Auto Loan for the family members of Roshan Digital Account Holders

  Bank Alfalah RDA Auto Loan empowers Family members of Roshan Digital Account Holder (Parents, Spouse & Children) residing in Pakistan to apply for Auto Loan on exclusive terms;

  • If Bank Alfalah Roshan Digital Account (RDA) Holder is regularly forwarding remittance to his / her family members residing in Pakistan then any one of them can avail auto loan facility in their name.
  • Facility shall be processed and approved in the name of RDA holder’s family member.
  • Person living abroad (Remitter) should be doing job/business for at least 6 months.
  • Has a valid VISA for at least 3 months or Residency Proof.
  • There should be continuity in remittance – at least 6 regular deposits in local account of family member or remittance slips.

  Deferred Insurance & Registration

  Bank Alfalah has pioneered to offer Deferred Insurance and Registration product. Through this offering, Bank facilitates its customers to pay Insurance and Registration Charges in instalments during the tenure of the financing instead of upfront down payment. Hence lowest possible down payment increases customer’s affordability and also facilitates the customer to own a high value/bigger vehicle.

  Option for Fixed and Variable Rate

  Bank Alfalah provides its Customer with an option to choose fixed or variable rate of financing/leasing.