Faysal Bank Car Finance

Faysal Car Finance offers the convenience to get any car of your choice with the following features and benefits.

Features and Benefits

Car Type

Auto Financing facility is applicable for assembled/manufactured (new and old) vehicles

Payment Options

Partial pre-payment and co-partner payment facility available

Processing Charges

No processing fee charged until financing approval

Easy Processing

Fast and hassle-free application process

Financing Amount

Vehicles can be financed up to 70% of their value

Financing Tenure

1-5 years (for vehicles up to 1000 cc engine capacity), 1-3 years (for vehicles above 1000 cc engine capacity)

Vehicle Age

Car financing available for up to 9-year old vehicle

Termination Chargers

No termination charges on car replacement

Takaful Coverage

The FBL Panel is made up of trusted Takaful companies

Tracker

Tracker installation is mandatory for all vehicles by Faysal Bank

Car Loan Calculator

New Car
Used Car

Faysal Bank was established in 1994 with the primary purpose of assisting individuals and companies in achieving financial growth. We are not only a bank, but a vital partner in our customers' journey towards economic and financial greatness since we are fully prepared with the abilities and professionalism. The parent business, Ithmaar Bank, an Islamic retail bank with offices in Bahrain that offers retail, commercial, treasury, financial, and other banking services, provided us with the competent backing of highly skilled leadership and professional quality when we entered the banking industry. In August 2009, Faysal Bank opened its first branch solely for Islamic business. With more than 400 specifically designated Islamic Banking branches spread across a network of more than 550 branches, Faysal Islamic Banking became Pakistan's largest Islamic branch network of a conventional bank in less than ten years.

Required Documents

For Salaried Individuals: Application form filled and signed
SBP undertaking filled and signed
6 months bank statement
Employment certificate
Current salary slip
Copy of CNIC
Copy of latest Utility Bill
2 passport-size photographs
For businessmen/self-employed professionals (SEPs): Application form filled and signed
SBP undertaking filled and signed
1-year bank statement
Proprietorship letter from bank/ partnership contract/shareholding proof
Copy of CNIC
2 passport-size photographs
6 months bank original statement
Professional degree and valid membership of applicable professional body
Copy of NTN and Income Tax Returns

Eligibility

You should be a Pakistani Identity Card Holder
Minimum Income: Salaried: PKR 30,000, Contractual: PKR 50,000, SEP: PKR 40,000
Minimum 21 years and maximum 65 years of age limit for salaried individuals
Minimum Maximum 70 years of age limit for SEB/SEP

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