Be in the driver’s seat when buying the perfect car. Alfalah Auto Loan lets you control your payment plan.
- Residual Value option to lower your instalment
- Option to defer insurance and Registration charges
- Zero charges on Car Replacement option
- Quick loan processing
Basic Features and Benefits
- You can choose a car that is new, used or imported
- Affordable markup rates to choose from-fixed and variable
- Minimum documentation and hassle free quick processing
- Financing available up to 7 years tenure
- Enjoy special comprehensive insurance rates
- Zero charges on Car Replacement
- Balloon payment option
Product offerings
Residual Value (RV) Product
Under RV product, Bank Alfalah provides convenience to its customers to pay a lump sum balloon payment (up to 50% of Financing Value) at the end of the financing tenure for increased affordability and convenience of repayments.
This product variant provides convenience to customers to own one of the below mentioned vehicles on lowest possible installments.
Toyota (Brands – Corolla, Hilux, and Fortuner)
Honda (Brands – City and Civic)
Suzuki (Brands – Cultus, Swift and WagonR)
Available for the residents of Islamabad, Lahore, Multan, Faisalabad and Karachi only.
Deferred Insurance & Registration
Bank Alfalah is pioneer Bank to offer Deferred Insurance and Registration product. Through this offering, Bank facilitates its customers to pay Insurance and Registration Charges in installments during the tenor of the financing/leasing instead of upfront in down payment. Hence lowest possible down payment increase customer’s affordability and also facilitates customers in owning a high value/bigger vehicle.
Vehicle Replacement Option
Under this option, Customers can easily purchase new vehicle and adjust their vehicles with a new vehicle without any pre adjustment penalty.
Option for Fixed and Variable rate
Bank Alfalah provides its Customer with an option to choose fixed or variable rate of financing/leasing.
Option for Balloon Payment
Bank Alfalah offers its customers to lower their installments by adjusting their principal with a balloon payment twice in tenure of the loan. Each balloon payment equals to 6 equal monthly installments.
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