Nib

NIB Bank Car Financing

www.nibpk.com

Summary

NIB bank provides services to more than 450,000 customers through a countrywide network of 179 branches all over Pakistan. It is one of the fastest growing banks in Pakistan.

Car Financing Products

NIB Auto Loan claims to offer the fastest turnaround time in Pakistan. Additional details are given below:

Features and Benefits

  • Financing available for new, used or imported vehicles to all Existing and New NIB Customers. “On Us” and “Off Us” customers are eligible.
  • Competitive Fixed Mark up Rates starting from 15.75% per annum.
  • One of the lowest insurance rates starting from 4.25 % with Free Tracker.
  • Complimentary Accidental Life insurance of upto Rs. 500,000/=. Free Internet Vehicle Monitoring access to Customer for Family Protection.
  • Hassle free documentation and easy processing.
  • Co-borrower option available with immediate family members.
  • Flexible tenures from 1 to 5 years. Financing limit from Rs. 200,000 to Rs. 1.9 million. Minimum Down Payment requirement starts from 20 %.
  • Fastest Loan Processing in Pakistan (decision within 3 days in major cities).

Documents Required

  • Two passport size photographs
  • Copy of Computerized National ID Card
  • Bank statement for the last six months
  • Salary certificate (in English) specifying the name, date of joining, designation and salary details
  • Signatures verified from your Banker
  • Same above documents of Co-Borrower (In Case of Co-Borrower Case)

Eligibility

  • You are a Pakistani National Identity Card Holder
  • You should be aged between 23 and 65 years of age (Loan maturity to fall in the same age bracket)
  • You should have income from any of the following sources:
    • Employment (Permanent/Contractual)
    • Business (Partnership/Proprietorship)
    • Co-Borrower’s Income (Clubbing of Income)

Contact Details

Visit your nearest NIB branch or call (021) 111-642-111. You can also visit find more information online here.