Bank Alfalah Car Loan Scheme 2023

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Bank Alfalah Car Loan

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