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Car Financing Plan

MCB Car4U
View Bank Details

GUGO AION UT

PKR 6,990,000

Down Payment: 60% (PKR 4,194,000)
Tenure: 19 years

Monthly Payment

AS LOW AS PKR 38,449

Total Initial Deposit

PKR 4,328,325

Initial Payment

Down Payment PKR 4,194,000
Processing Fee PKR 12,000
Insurance for First Year PKR 122,325
Total Initial Deposit PKR 4,328,325

Yearly Installment Plan

1st Year PKR 47,623 per month
2nd Year PKR 47,113 per month
3rd Year PKR 46,604 per month
4th Year PKR 46,094 per month
5th Year PKR 45,584 per month
6th Year PKR 45,075 per month
7th Year PKR 44,565 per month
8th Year PKR 44,055 per month
9th Year PKR 43,546 per month
10th Year PKR 43,036 per month
11th Year PKR 42,526 per month
12th Year PKR 42,017 per month
13th Year PKR 41,507 per month
14th Year PKR 40,997 per month
15th Year PKR 40,488 per month
16th Year PKR 39,978 per month
17th Year PKR 39,468 per month
18th Year PKR 38,958 per month
19th Year PKR 38,449 per month

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).*
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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