Pakwheels

MCB Car Loan - MCB Car Financing Calculator

Muslim Commercial Bank (MCB)

MCB Car4U has a complete solution for you with the following mentioned benefits:

Contact Details

Visit your nearest MCB branch or contact our call center at 111-000- MCB (622). You may

also dial 042-35987979 for MCB’s Consumer Helpdesk.

Availability

MCB Car4U can be availed through any of our 140+ approved Car dealers, by visiting any of our Customer Walk-in Centres, through our Call Centre, and/or through a network of 1,050+ Car4U approved branches.

Special Convenience/ Services:

• Agriculturists, landlords and foreign remittance recipients are eligible

• No processing fee is payable if the loan is not approved

• Drive away your car immediately after delivery of the vehicle – no need to wait till

registration.

• 140+ approved Auto dealership across the country

• Quick processing, through dedicated operations teams in Karachi, Lahore and

Islamabad.

• Quick NOC issuance at the expiry of the loan tenure

• Consumer Offices/Customer Walk-in Centers in 12 major cities

Features and Benefits

Finance up to PKR 6 Million for New Cars & PKR 4 Million for Used Cards
Finance Tenure from 1 to 7 years
Option to purchase new, used, local as well as imported cars
Finance up to 80% 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

  • Copy of CNIC
  • 2 passport sized recent photographs
  • Bank statement (6 month to 1 year)
  • Salary slip/ proof of business or other documents

Eligibility

  • Pakistani Citizenship
  • Minimum monthly net salary / monthly income requirement: PKR 30 K*
  • Minimum Age Requirement: 21 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).*