Muslim Commercial Bank (MCB) Car4U

Muslim Commercial Bank (MCB) Car4U

Muslim Commercial Bank  has introduce Mcb car 4 u scheme 2022 for their customers. MCB Car4U provides a one-stop financing solution to help you own a car of your dreams. Whether you are a salaried professional or a self-employed businessman, MCB Car4U has a complete solution for you.  In addition, MCB offers a specially designed Car4U product for agriculturists as well as landlords.

MCB Car4U Details & Features:

All MCB account holders who receive overseas remittances regularly from any closely related family member are also eligible to apply for a Car4U finance facility.

MCB Car4U offers competitive rates for all car variants and tenors. Enjoy even a lower mark-up rate if you are already a MCB Bank customer.

Eligibility Criteria:

Minimum monthly net salary / monthly income requirement: PKR 30,000/-

Minimum Age Requirement: 21 years.

Maximum Age (at loan maturity): 65 years (salaried) and 70 (Self Employed)

Employment/Business Length: Minimum 6 months employment (salaried) / 1 year business (self-employed)

Features:

Finance up to PKR 6 Million for New Cars & PKR 4 Million for Used Cards

Finance Tenure from 1 to 7 years

Option to purchase new, used, local as well as imported cars

Finance up to 80% of vehicle value

Competitive insurance rates

Option to finance a second car

Options to prepay loan either partially to reduce monthly installment or in full to pay-off loan facility

Loan Replacement: Customers can easily upgrade their existing cars loan with a new loan with the pre-payment penalty waived

Special Convenience/ Services:

Agriculturists, landlords and foreign remittance recipients are eligible

No processing fee is payable if the loan is not approved

Drive away your car immediately after delivery of the vehicle – no need to wait till registration

140+ approved Auto dealership across the country

Quick processing, through dedicated operations teams in Karachi, Lahore and Islamabad

Quick NOC issuance at the expiry of the loan tenure

Consumer Offices/Customer Walk-in Centers in 12 major cities

Minimum Documentation

Copy of CNIC

2 passport sized recent photographs

Bank statement (6 month to 1 year)

Salary slip/ proof of business or other documents

Availability:

MCB Car4U can be availed through either of our 140+ approved Car dealers, by visiting any of our Customer Walk-in Centres, through our Call Centre, and/or through a network of 1,050+ Car4U approved branches in the following cities:

Abbottabad, Attock, Bahawalpur, Chakwal, D. G. Khan, Faisalabad, Gujranwala, Gujrat, Hyderabad, Islamabad, Jhang, Jhelum, Karachi, Kohat, Lahore , Larkana, Makran, Mardan, Mianwali ,Multan, Muzaffarabad A.K., Nawabshah, Peshawar, Rahim Yar Khan, Rawalpindi, Sahiwal, Sargodha, Sheikhupura, Sialkot, Sukkur and Vehari, BadinBagh, A.K., Bahawalnagar,  Battagram, Bhakkar, Bhimber,  Charsadda, Chiniot, Dadu, Faisalabad, Ghotki,  Gwadar, Hafizabad, Haripur,  Jacobabad, Jaffarabad, Jamshoro,  Kambershahdad  Kot, Kashmore, Kandhkot, Kasur, Khairpur,Mirs, Khanewal, Khushab,  Kotli,  Lasbela, Layyah, Lodhran, Malakand, Mandi Bahauddin, Mansehra, Matiari, Mianwali, Mirpur,  A.K.Mirpur Khas, Muzaffargarh, Nankana Sahib, Narowal, Naushero Feroze, Nowshera, Okara, Pakpattan, Pishin, Poonch, Rajanpur, Sahiwal, Sanghar, Shaheed Benazirabad, Shikarpur, Sudhnooti, Sujawal, Swabi, Tando Allahyar, Tando Mohammad Khan, Tharparkar, Thatta, Toba Tek Singh, Umerkot and Zhob.

Dial 111-000-622 for Call Center and/or you may also dial 042-35987979 for our Consumer Helpdesk.

Note: All loans shall be processed and approved as per MCB Bank Limited sole discretion in accordance with regulations and Bank’s approved policies and procedures.