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Faysal Islamic Car Finance

Drive your Dream Car Today

Faysal Islamic Car Finance is based on the principles of Diminishing Musharakah. This is a medium and long term financing product, where the Bank and the customer jointly purchase an asset and create joint ownership in the asset. The Bank rent out its share in the asset to the customer while the customer periodically purchases units of ownership in the asset from the Bank. After purchase of all the units, the customer becomes the sole owner of the asset.

Features & Benefits

  • Fast and Hassle-free application process
  • Flexibility in selection of cars (locally manufactured as well as imported vehicles)
  • Facility against brand new as well as used vehicle
  • Financing amount up to 85% of the value of vehicle
  • Financing tenure from 1 to 7 years
  • Partial Pre-payment facility available
  • Co-Partner facility available
  • Early settlement option
  • Takaful coverage from reputable Takaful Companies on FBL Panel
  • Tracker will be installed in vehicles for maximum safety.
  • Installments start after vehicle delivery
  • No processing fee until financing approval
  • Up to 9-year old vehicle can be financed
  • Property rental Income can be considered as primary income or additional to the basic income

Documents Required

  • Application Form properly filled and signed by customer
  • Current Salary Slip
  • Clear and Visible Copy of CNIC
  • 2 Recent Photograph (passport size)
  • SBP undertaking properly filled and signed by customer
  • 6 Month’s Bank Statement, Where Salary Credits (Original / stamped & signed by bank)
  • Employment Certificate
  • Copy of Latest Utility Bill

  • Application Form properly filled and signed by customer
  • One-year Business Proof (Copy of NTN or Any Authentic Business proof)
  • Clear and Visible Copy of CNIC
  • 2 Recent Photograph (passport size)
  • SBP undertaking properly filled and signed by customer
  • 6 Month’s Bank Statement (Original / stamped & signed by bank)
  • Professional Degree and valid membership of applicable professional body (for SEP Only)
  • Copy of Latest Utility Bill

Eligibility Criteria:

  • Citizen Ship: Pakistani
  • Income:
    Salaried: Minimum PKR 30,000
    Contractual: Minimum PKR 50,000
    SEB/SEP: Minimum PKR 40,000
  • Age Limit: Salaried (Min 21 Years and Max 65 Years at the time maturity)
    SEB/SEP (Min 21 Year and Max 70 Years at the time of maturity)
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Call Us or Text Us

Our hotline is available 24X7

Tel: 111-06-06-06

Text 9181

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Nearest ATM & Branch

ATM - Bahria Town (Pvt) Ltd, Head Office, Customer Support Center, Super Highway, Karachi

Branch - Bahria Town (Pvt) Ltd, Head Office, Customer Support Center, Super Highway, Karachi