Faysal Car Finance – Luxury Vehicles Offer

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Terms & Conditions

  • Limited time offer.
  • Approval is subjected to clear eCIB and DBR.
  • Bank reserves the right to reject any application without assigning any reason.
  • Any other terms and conditions apply.


Who can apply for Faysal Car Finance?
If you are a salaried or self-employed business person/professional having a regular, stable and verifiable income stream, you can apply for Faysal Car Finance.

What pricing options does Faysal Car Finance offers?
Under this feature variable pricing linked to KIBOR is offered.

What is KIBOR?
KIBOR is the Karachi Interbank Offered Rate used as a benchmark for price setting.

What is the processing fee for Faysal Car Finance?
Processing fee is Rs. 6,000/- plus 16% FED and is non-refundable.

What type of vehicle can be financed with Faysal Car Finance?
We offer financing against brand new and used locally manufactured and imported vehicles.

What are the financing tenure options offered by Faysal Car Finance?
Tenure of the facility is between 1 to 7 years.

What is the minimum loan amount offered under Faysal Car Finance?
The minimum loan amount is PKR 100,000.

Will the vehicle be registered in my name during the facility tenure?
In case of financing the vehicle will be registered in the name of the customer with HPA marked to Faysal Bank

 Can I sell my vehicle or transfer the Facility to a third person during the facility period?
No. This is a violation of the legal agreement and it should be avoided.

 Do I need a good credit history to avail Faysal Car Finance facility?
Yes, a good credit history is required to avail the facility.

 What are the other charges applicable?
Tracker charges and Takaful charges are applicable. For all other charges please refer Islamic Banking Schedule of Charges.

 Can I repay the loan before the maturity date?
Yes, you can settle your car loan before the maturity date. However, certain charges will apply. For details please contact FBL Phone Banking at 111-06-06-06.

Will I have to pay any additional amount/charges for pre-payment/ early Settlement of the Facility/finance?
Full termination / settlement of the Facility:  1st & 2nd year 7% for the outstanding amount, 3rd, 4th & 5th year 6% for the outstanding amount

Is Takaful included on my financed car?
Faysal Car Finance arranges a comprehensive takaful coverage of vehicle from insurance companies listed on our Bank’s panel.

Is it possible for two people to jointly apply for Faysal Car Finance?
Yes, two people can jointly apply for the facility as Co-borrowers. Subject to fulfillment of certain criteria the Co-borrower’s income will be clubbed with your income to meet the requirement. For details please contact FBL Phone Banking at 111-06-06-06.

What is the minimum down payment amount required?
The customer is required to pay at least 15% of vehicle value and down payment varies on case to case basis.

What is the loan approval validity time period?
Loan approval validity is 45 days.

What is the installment due date?
2nd day and 15th day of every month.

What are the Late Payment Charges?
Rs. 50/- per day will be levied on late payments after the due date. These charges are calculated and payable at the time of maturity/settlement of facility.

Where to contact in case of complaints?
In case of further queries or complaint you can call at our 24 hours’ available call center on 111-06-06-06


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 - Engro Polymer & Chemicals Ltd. Plant Site EZ/I/P-II-I Eastern Zone, Bin Qasim

Branch - Engro Polymer & Chemicals Ltd. Plant Site EZ/I/P-II-I Eastern Zone, Bin Qasim