Muslim Commercial Bank (MCB) Car Financing

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Summary

MCB was founded in 1947 with the objective to provide banking facilities to the business community of South Asia. MCB is Pakistan’s fourth largest bank with a customer base of approximately 4 million and a nationwide distribution network of 1,190 branches.

Car Financing Products

MCB’s car leasing solution is called Car4U and has the following benefits:

Features & Benefits

  • Option for financing or leasing
  • Financing tenures from 1 to 7 years
  • Option for new as well as used cars
  • Options for local as well as imported cars
  • Financing up to Rs. 25 lacs
  • Option for early payment
  • Option for replacement loan
  • Lower mark up rates
  • Lower insurance rates
  • Minimum 20% down payment
  • Fast and hassle free processing of application
  • Priority delivery on different vehicles
  • No processing fee if the case is declined
  • Pay your down payment after your loan is approved
  • Existing customers for Personal Loan, ‘Pyara Ghar’ or ‘Business Sarmaya’ are given a discounted rate.

Eligibility

  • Pakistani citizenship
  • If you are a salaried person your age must not be less than 22 years or more than 65 years.
  • If you are a businessman or a self-employed professional your age must not be less than 21 years or more than 70 years.
  • A businessperson should be the sole proprietor/ partner/ or a director of reputed business company.
  • Have a minimum take home income of Rs.25,000 per month.
  • For Salaried person at least 3 months of experience is required
  • If you are a businessman or self-employed professional you must possess  at least 1-year experience in the same profession or business.

Contact Details

Visit your nearest MCB branch or call 111-000-MCB (622). You can also find more information online here.