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Bank Alfalah understands the needs of its customers and has introduced an innovative Car Loan Scheme for 2025, providing a hassle-free and convenient way for individuals to finance their dream vehicles.
Bank Alfalah offers competitive interest rates, making car ownership more affordable for a wider range of customers. With rates that beat the market average, the bank ensures that your dream car is within reach without breaking the bank.
Bank Alfalah Car Loan Scheme 2025 Apply Online
Pakistani National residing in a city where Bank Alfalah operates its branches can get Bank Alfalah Car Loan with a minimum of 21 years to 65 years at the of loan maturity for Private Sector Employees and 60 Years for Government Sector Employees. Self- Employed/Other with Minimum 21 years to 70 years at the time of loan maturity.
Eligibility Criteria
Pakistani National Identity Card Holder
Salaried Individuals:
Minimum Salary PKR 25,000/-
Age:
Minimum 21 years to 65 years at the time of loan maturity(Private Sector Employees)
Minimum 21 years to 60 years at the time of loan maturity(Government Sector Employees)
Self Employed/Others:
Minimum Income: PKR 50,000/- per month (Assessed on Bank Statement or Documentary Evidence)
Age:
Minimum 1 year in the current business.
Minimum 21 to 70 years at the time of loan maturity
Salaried Individuals including Government/Semi-Government employees and Employees of Armed Forces
Professionals (Chartered Accountants, Consultants, Doctors, etc.)
Self Employed Individuals, Proprietorships, Partners, Family Business
Landlords, Housewives & Retired Individuals with consistent Rental Income/Foreign Remittances.
You should have income from any of the following sources:
Employment (Permanent/Contractual)
Business (Partnership/Proprietorship)
Rental Income
Agricultural Income
Remittances from Abroad
Co-Borrower’s Income (Co-Borrower Case)
Documents Required
Basic Documentation
Complete application form with customers signatures
Copy of CNIC
SBP undertaking on loans availed and monthly liabilities
2 recent photographs
Documentation as per Profession:
Salaried Individual: Salary Slip/Salary Letter, 06 Months Bank Statement
Self Employed Businessman / Self Employed professional: 06 Months Bank Statement
Agriculturist: Fard/Mukhtar e Kar/Ownership Certificate, 06 Months Bank Statement*
Rental Income: Rental Agreement (should be valid for the next 3 months), Title Document, 06 Months Bank Statement
Foreign Remittance: Income/Job Proof, Remitter’s Passport (valid visa for at least 03 months), 06 months Remittance Slips or 06 months Bank Statement of Remittee
Income evaluation facility available
Further documentation may be required at the time of case processing.
Bank Afalah Hybeid Electric Auto Loan Scheme 2025
Finance the New Hybrid Electric Corella Cross from Bank Alfalah adopt an eco Friendly lfestyle.
Bank alfalah car installment plan 2025
Bank Alfalah congratulates Pak Suzuki Motor Company for launching affordable and versatile All New ALTO 660CC in Pakistan. Bank Alfalah can help customers to own the All-New ALTO with the following salient features:
Discounted markup rates
Best insurance rates
Car replacement option
RV financing option
Finance balance booking amount
Bank Alfalah Car Loan Scheme 2024
Bank Alfalah’s Car Loan Scheme for 2024 offers a fantastic opportunity for individuals to fulfill their dream of owning a car. With competitive interest rates, flexible repayment options, and a convenient online application process, the bank has set a new standard in car financing. Don’t miss out on the chance to drive your dream car with Bank Alfalah.
Fahad Munir is a seasoned journalist and editor at Awam PK, specializing in sharing accurate and timely news, job updates, and educational information to the Pakistani audience.
