Alfalah Bank Car Finance

Alfalah Auto Loan allows you to sit in the driver’s seat to enjoy the benefits and features as follows.

Features and Benefits

Car Type

Car financing for new, used, assembled and manufactured vehicles

Payment Plan

Affordable markup rates to choose from

Partial Payment

Flexible partial payment option available

Minimum Instalments

Lowering instalments with residual value

Car Replacement

No charges on car replacement option

Flexible Financing Tenure

2-5 years (up to 1000 cc engine capacity), 2-3 years (above 1000 cc engine capacity)

Car Loan Calculator

New Car
Used Car

One of the biggest banks in Pakistan, Bank Alfalah has more than 700 branches spread throughout more than 200 locations, as well as operations abroad in Afghanistan, Bangladesh, Bahrain, and the United Arab Emirates. Abu Dhabi is home to the Bank's representative office. The Abu Dhabi Group owns and runs Bank Alfalah. begun operations on June 21, 1992, after being incorporated as a public company under the Companies Ordinance, of 1984. The Bank owns 61.20% of Alfalah CLSA Securities (Private) Limited (formerly Alfalah Securities (Private) Limited), which conducts fund placements, financial advice, and stock brokerage. In accordance with the Non-Banking Finance Companies (Establishment and Regulation) Rules, Alfalah GHP Investment Management Limited, which is registered as an asset management company and investment advisor, has 40.22 per cent of the shares.

Required Documents

Application filled and signed by customer
Copy of primary applicant’s CNIC
2 passport-size photographs
SBP understanding of loans
Salary slip
6-month bank statement for SEP/SEB
Proof of foreign remittance

Eligibility

You should be a Pakistani Identity Card Holder
Minimum income: Salaried: PKR 30,000/-, SEP/SEB: PKR 50,000/-
Minimum employment duration: Permanent: 6 months, Contractual/Business: 1 year
Minimum age limit is 21 years (for salaried, SEP/SEB)
Maximum age limit is 60 years (Government sector employees)/70 years (SEB/SEP)

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