MCB Bank Car Loan - MCB Car Financing Calculator

Features and Benefits

• Finance up to PKR 3 Million for New & Used Cars
• Finance Tenure from 1 to 5 years
• Option to purchase New, Used and Local Cars
• Finance up to 70% of vehicle value*
• Competitive Insurance Rates Option to Finance a Second Car
• Options to Prepay loan either partially to reduce monthly installment or in-full to Pay-off loan facility
• Loan Replacement: Customers can easily Upgrade their existing Cars loan with a New loan with the Pre-payment penalty waived

Required Documents

Salaried:

• Copy of CNIC / NICOP / POC 2 recent passport size photographs
• Latest pay slip / salary certificate from employer Bank statement for the last 6 months
• Duly filled loan application form

Businessman and Self-Employed Professional:

• Copy of CNIC / NICOP / POC 2 recent passport size photographs
• Bank statement for the last 6 months
• Proof of profession or business Proprietorship letter
• NTN certificate Tax Returns of 2 years

Professional Degree and Valid Membership of Applicable Professional Body (For SEP Only):

• Duly filled loan application form Proprietors, Partnership Concerns or Limited Company
• Copy of CNIC / NICOP / POC 2 recent passport size photographs
• Declaration of proprietorship, Certified Partnership Deed, Memorandum & Article of Association, Form A & 29 and Company Profile Bank statement for the last 6 months
• Tax Returns and Assessment Order for the last 2 years
• Copy of latest utility bill Duly filed application form

Eligibility

• Pakistani Citizenship Minimum Monthly Net Salary / Monthly Income Requirement: PKR 55,000
• Minimum Age Requirement: 22 years*
• Maximum Age (at loan maturity): 65 years (salaried) and 70 (Self-Employed)
• Employment/Business Length: Minimum 6 Months Employment (Salaried)* / 1 Year Business (Self-Employed).*