Top 5 Banks for Car Financing in Pakistan 2016

Getting a car of your own choice with in a limited time was not an easy task. If you are looking for Car Financing in Pakistan so here different banks provide various services in order to make your dreams come true. In Pakistan there are various banks which provide services without any onerous process. You can get financing for your car through an easy way. Here are some details of the car financing provided by different banks, which their specific characteristics.

1. HBL Car Loan

As like many of the other banks, Habib Bank Limited provides its services through its service of HBL Car Loan financing. It helps many of the customers to get a car of their own choice. It does not create complicated process of transactions, however it is a simple and hassle free process, which is satisfactorily backed by supervision and choice. It has the following features.

• It is provided irrespective of your choice, whether you want to have a new car or you want to have in as used car.
• In order to secure any kind of lose, insurance is provided which provides you peace of mind and security all the time, and you are free of any kind of loses.
• This is a long term agreement you can return up to duration of seven years.
• It finances up to 85% for the car of your own choice.
• It provides services twenty four hours, the service is provided to entertain your queries any time.
• The eligibility criteria is as low as if you are a salaried person and you earn 20 K per month, you will be provided the service.

2. Dubai Islamic Bank Auto Finance

Dubai Islamic Bank provides the auto finance facility at a reliable approach. It helps you to get a car as early as you want to have it. It has the following features due to which it is preferred over the others.

• This operates according to the Sharia compliant manner.
• It provides up to an amount of five hundred thousand for your car financing.
• Its services are Islamic product. It provides free and the hassle free processing of applications.
• It provides whether you buy a new car or a used car.
• The facility of advance booking and ready delivery is also available.

3. Alfalah Car Financing

Alfalah Car Financing has the following features.

• You can repay the amount up to five years
• This financing is provided irrespective of whether you are buying a new car or an old one.
• There is a flexibility of down payment.
• If you wish to replace car you purchased at the first end and are willing to change it you can.
• It does not require any hassle to fulfill your requirements. It is easy and feasible.

4. Mezan Bank Car Ijarah

Mezan bank with its due dedication also provides financing solutions to many of the aspect for their customers, which is known as car Ijarah, it is unique to car leasing facilities provided by other banks. Which has the following features:

• Until the contract ends lessor of the asset has the ownership.
• This agreements binds the lessor to have rights and liabilities over the assets according to shariah law, however the usage of the asset lie with the user.
• In case of the theft of the asset, the leasing company continues to charge the lease rent until the insurance claim is settled.
• There is permissibility of the penalty for the late payment of the amount according to Islamic Shariah.

5. NIB Bank Fastest Car Loans

NIB auto financing has the following features, which is thus proffered by many of the customers.

It is one of the fastest car loans in Pakistan.
it provides the easiest repayment options.
NIB auto financing provides the innovative product features.
This financing is one of the fastest approval rates in Pakistan.
Irrespective of whether you want to have a new car or a used one NIB provides loan which is easy to take and return.
There is some fixed and variable markup rate available.
Hassel free documentation and easy processing is available.
The life insurance provided is up to 500 K, which makes the future loss secure.
There is a minimum down payment is required.