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Browsing Tag
auto finance
Following car production and sales, the auto finance sector in the country is facing the same fate – dropped for the 8th consecutive month. As per the data unveiled by the State Bank of Pakistan (SBP), car…
State Bank Reduced Auto Loans Tenure by 2 Years
In another effort to curb the car imports and auto loan practice, State Bank of Pakistan has announced new time frame for the automotive financing. According to a notification, here are the revised conditions:…
After 18 Months of Growth, Car Finance Down in Jan’22
Auto financing in Pakistan has been on the rise for the past 18 months. Over the last year, car finance started at Rs. 262.5 billion in January 2021 and built up to Rs. 354 billion in December 2021.
For the…
Car Finance Becoming Tougher for Consumers
After months of growth, the car finance segment is now slowing down. That’s because financing a car has become challenging for people. On one hand, cars are getting more and more expensive. On the other,…
Car Finance Hits Record-Breaking Numbers In March 2021
The Pakistani automobile industry is having a great sales year so far. Not only more people are buying cars, but more people are also buying/leasing cars through banks. According to the data released by the…
Interesting trends of opting for auto finance for a car in Pakistan uncovered!
Buying a car is a hectic task, and it becomes even more gruesome when one doesn’t have enough money to buy the desired car. However, the latter problem in the country is somewhat not the issue, as many local…
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