HBL ISLAMIC CAR FINANCE DETAIL ONLINE
HBL is one of the most preferred banks in Pakistan for car financing. As many salaried accounts in Pakistan are connected with HBL therefore HBL offers many incentives and lucrative offers of lower interest rates to customers for car financing. It's easy now to check HBL installment plan online. Interest rates are observed slightly varied for salaried and non salaried persons. Asides
Installment amount of car financing from HBL depends on:
- The amount of down payment
- Selected tenure
- Age of the customer and
- The type of car.
car loans in Pakistan
HBL offers A
MUSHARAKAH BASED FACILITY where bank and customer become joint owners in a
vehicle with an agreed investment ratio. Bank’s ownership share of the vehicle
is divided into units. Customer pays agreed rentals (installments) for using
bank’s share in the vehicle.
KEY FEATURES
of HBL CAR FINANCING
- Financing limit is between PKR 200,000 to 10,000,000/-
- HBL Finance new, used or imported vehicle for personal use
- HBL Payment tenure range from 1 - 7 years for new cars
- It ranges from 1 to 5 years for used car
- Rentals payment starts only after delivery of vehicle to the customer
- Secured insurance
- All car types available
- HBL Quickly process with minimum documentation
- There is an option for partial payment
- Option for early termination of facility
CRITERIA
SALARIED INDIVIDUALS:
Applicant
must be a Pakistani citizen
For booking
cases, age limit 22 years -59 years, or retirement age whichever is lower (at
maturity).
For
purchasing ready/used car cases, age limit to be 22 years - 60 years or
retirement age whichever is lower (at maturity)
For car
loan, Minimum monthly income to be PKR 20,000
HOW TO APPLY
SALARIED INDIVIDUALS TO PROVIDE:
- Original copy of CNIC along with verified copy
- Two recent passport size photographs
- Latest original salary slip and personal bank statement for last three months
- Other document as per bank policy
SELF-EMPLOYED
BUSINESS PERSONS/PROFESSIONALS TO PROVIDE:
- Original copy of CNIC along with verified copy
- Two recent passport size photographs
- Bank statement for last 6 months, signed and stamped by Branch Manager and bank letter confirming detail of account
- Proof of business
- Other documents as per bank policy
Car
financing PROCESSING FEES is 7,500
As the car
prices both new and used have increased a lot in recent years following the car
finance amounts. The minimum installment
for used car of Suzuki starts from 20,000 – Rs 40,000 per month depending upon
above given factors. A per month installment ranges between Rs 35,000 – Rs
65,000 for new cars, Honda and Toyota models.
To use car financing installment plan, you need to select:
- Car type ( New or used)
- Car model (Suzuki, Honda, Toyota, BMW, Audi, Kiya, FAW etc)
- Car version/ Make
- Select tenure
- Down payment
- Get car loan installment plan
HBL CAR
FINANCING CALCULATOR:
How to know car loan installment plan for different cars:
