Bank AL Habib Apni Car enables you to own your dream car at affordable rates
Make your dream car a reality with Bank AL Habib's Apni Car! Enjoy easy repayment plans, seamless processing, and competitive rates.
Apply Now- Free Accidental Insurance up to PKR 500,000
- Financing available for Locally Manufactured New & Used Vehicles
- Financing for 5 Years of Vehicles upto 1000cc and Financing for 3 Years of Vehicles above 1000cc
- Easy monthly installments
- Partial and Pre-payment options
- Quick processing and minimal documentation
- Flexible markup rates to choose from
- Fixed rate and variable rate options
- Also available under Islamic Finance (Diminishing Musharaka)
- Two recent photographs
- Copy of valid Computerized / Smart National Identity Card (CNIC / SNIC)
- Proof of Permanent/Regular employee and 1 Year of working experience
- Proof of 2 Years of working experience for Contractual Employees
- Bank Statement of the Last 6 months with the reflection of salary credits
- Last 3 months’ salary slip/salary certificate
- Two recent photographs
- Copy of valid Computerized / Smart National Identity Card (CNIC / SNIC)
- Acceptable Proof of Business for the last 2 years
- Bank Statement of the Last 6 months
- Pakistani Nationals
- Salaried: Minimum 23 years and Maximum 60 years at the time of loan maturity
- Self Employed Businesswomen/Self Employed Professional: Minimum 23 years and Maximum 65 years at the time of loan maturity
- Account holder of any Bank
- Individuals having another source of income i.e., Remittance, Rental, Pension, or Investments may also apply if they maintain a satisfactory account at Bank AL Habib
Yes, you can if:
- You are a Pakistani National, holding valid CNIC/SNIC
- Having a satisfactory credit history
- You meet the following age criteria:
Salaried Individuals:
Minimum 23 years and Maximum 60 years at the time of loan maturity
Self-Employed/Other
Minimum 23 years and Maximum 65 years at the time of loan maturity
You should have income from any of the following sources:
- Employment (Permanent/Contractual)
- Business (Partnership/Proprietorship)
- Rental Income
- Agricultural Income
- Remittances from Abroad
- Investment Income
Locally Manufactured New/Used Vehicles
- 1-2 Years: 1 Year KIBOR + 2.5%
- 3 Years: 1 Year KIBOR + 3.0%
- 4-5 Years: 1 Year KIBOR + 3.5%
(Rates are higher by 0.5% in case the applicant does not maintain an account at Bank AL Habib for 6 months)
Locally Assembled/Manufactured only.
- Locally Manufactured Brand New Vehicles for personal use.
- Locally Manufactured Used cars above 1000cc; not older than 7 years from the date of manufacturing.
- Locally Manufactured Used cars up to 1000cc; not older than 5 years from the date of manufacturing
Up to PKR 3,000,000/- aggregate in all banks/DFIs
Financing up to 5 years (Financing for 4-5 years is only for locally manufactured vehicles up to 1000cc)
- Minimum 30% for locally manufactured brand new vehicle
- Minimum 35% for locally manufactured used vehicle
You have to pay Down payment, processing fees & first year insurance premium
Bank AL Habib has made arrangements with various renowned Insurance companies which are offering special low rates for Bank AL Habib customers
You need to repay through the Direct Debit Authority
Yes, you have the option to repay any time during the tenure of the loan.
Yes. Partial payments can be made twice a year without any fee (after every 6 months) with a minimum of PKR 50,000/-
The Bank arranges for the valuation through its panel of approved surveyors/valuators
Bank has a number of dealerships on its panel. Selection of dealership will be made by the Customer from dealerships registered on the Bank’s panel.
- Visit the nearest Bank AL Habib Branch and fill out the form
- Call our 24/7 Call Center: (+92) 111-014-014
- Email at apnicar@bankalhabib.com
Our representative will guide and explain the required documentation in detail. An indicative list is given below:
- Complete the application form with the customer’s signature
- Copy of valid CNIC/NICOP/POC/Smart ID
- SBP undertaking
- 2 recent photographs
Additional documents required as per segment
- Salaried Individual: Salary Slip, Salary Letter, 06 months Bank Statement, Proof of Permanent/Regular employee and 1 Year working experience/Proof of 2 Years working experience for Contractual Employees
- Self Employed Businesswomen /Self Employed Professional : 06 months Bank Statement or Income verification report/Acceptable Proof of Business of last 2 years
- Agriculturist: Fard/Mukhtar e Kar/Ownership, Certificate, 06 months Bank Statement or Income verification report.
- Income: Rental Agreement (should be valid for next 3 months), Title Document, 06 Months Bank Statement
- Remittance: Income/Job Proof, Remitter Passport (valid visa for at least 03 months), 06 months Remittance Slips or 06 months Bank Statement of Remittee
- Investment Income: Investment income from Government securities and Bank AL Habib deposit will be considered
In case of further queries or complaints, you can call us at our 24/7 Call Center at (+92) 111-014-014
Auto Loan Pricing
| Tenure | Variable Rates | Fixed Rates | ||
|---|---|---|---|---|
| New/Used | New/Used | |||
| Fast Track | DRP | Fast Track | DRP | |
| 1-2 Years | 1YK + 2.5% | 1YK + 3% | 1YK + 4% | 1YK + 4.5% |
| 3 Years | 1YK + 3% | 1YK + 3.5% | 1YK + 4.5% | 1YK + 5% |
| 4-5 Years | 1YK + 3.5% | 1YK + 4% | 1YK + 5% | 1YK + 5.5% |
| Year | Number of Installments | EMI | Insurance | Total Monthly Payment |
|---|
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