Pakwheels

Car Financing Plan

Faysal Car Finance
View Bank Details

Prince K07

PKR 2,550,000

Down Payment: 30% (PKR 765,000)
Tenure: 5 years

Monthly Payment

AS LOW AS PKR 43,341

Total Initial Deposit

PKR 815,250

Initial Payment

Down Payment PKR 765,000
Processing Fee PKR 12,000
Insurance for First Year PKR 38,250
Total Initial Deposit PKR 815,250

Yearly Installment Plan

1st Year PKR 46,210 per month
2nd Year PKR 46,051 per month
3rd Year PKR 45,891 per month
4th Year PKR 45,732 per month
5th Year PKR 43,341 per month

Required Documents

SALARIED 

  1. Copy of CNIC / NICOP / POC 2
  2. recent passport size photographs
  3. Latest pay slip / salary certificate from employer
  4. Bank statement for the last 6 months
  5. Duly filled loan application form BUSINESSMAN AND SELF-EMPLOYED

PROFESSIONAL 

  1. Copy of CNIC / NICOP / POC
  2. 2 recent passport size photographs
  3. Bank statement for the last 6 months
  4. Proof of profession or business Proprietorship letter NTN certificate
  5. Tax Returns of 2 years PROFESSIONAL DEGREE

VALID MEMBERSHIP OF APPLICABLE PROFESSIONAL BODY (FOR SEP ONLY) 

  1. Duly filled loan application form Proprietors
  2. Partnership Concerns or Limited Company Copy of CNIC / NICOP / POC
  3. 2 recent passport size photographs
  4. Declaration of proprietorship
  5. Certified Partnership Deed
  6. Memorandum & Article of Association
  7. Form A & 29
  8. Company Profile Bank statement for the last 6 months
  9. Tax Returns and Assessment Order for the last 2 years
  10. Copy of latest utility bill Duly filed application form

Eligibility

  1. Pakistani Citizenship
  2. Minimum Monthly Net Salary / Monthly Income Requirement: PKR 80,000 Minimum
  3. Age Requirement: 22 years* Maximum Age (at loan maturity): 65 years (salaried) and 70 (Self-Employed)
  4. Employment/Business Length: Minimum 6 Months
  5. Employment (Salaried)* / 1 Year Business (Self-Employed).*
Disclaimer: Prices and Calculations might have slight variation depending on KIBOR or any other variable rates. Prices can be verified from respective bank(s)

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