Own your dream car at affordable rates!
Islamic Apni Car Finance (DM-Consumer)
There's nothing like a car of your own!
AL Habib Islamic Apni Car is an auto finance facility that lets you buy a car through Shariah-compliant mode of Diminishing Musharakah(DM). With affordable plans to suit your convenience, the facility is a quick and easy route to own a car. Enjoy the ride like never before
The facility is based on Shirkat ul Milk. Under the facility, Bank and customer jointly own the vehicle. After assuming the ownership andpossession of vehicle, bank rents outs its share of ownership to customer. Bank share of ownership is divided into units and customerundertakes to purchase the bank share of ownership, periodically.
- Shariah compliant solution for auto financing
- Financing available for Locally Manufacturer New & Used Vehicles
- Financing for 5 Years only for Vehicles upto 1000cc / Financing for 3 Years only for Vehicles above 1000cc
- Easy monthly installments
- Easy documentation with hassle free processing
- Low and competitive rental payments
- No rental payment before delivery of Car
- Vehicle registration in your name
- Early settlement/purchase option
- No Pre payment penalty
- Partial payments allowed with no charges
- Comprehensive Takaful coverage with Tracker option
- Ijarah/DM facility for Corporate and SMEs also available
- Free Personal Accident Takaful upto Rs. 500,000/
- Choice of reputable insurance companies at competitive rates
- Free Internet Banking
- Free E-Statement
- Mobile Banking and SMS Alerts facility
Who can apply for Bank AL Habib Islamic ApniCar Auto Finance
- Pakistani Nationals
- Account holder of any Bank
- Salaried person, Businessman or Self-employed
- Individuals having other source of income i.e. Remittance, Rental, Pension or Investments may also apply if they maintain satisfactory account at Bank AL Habib
Visit your nearest branch
- Our highly trained executives will take care of your financing requirements
- The only thing you need to worry about is choosing the car and its colour
- Two recent photographs
- Copy of Computerized / Smart National Identity Card (CNIC / SNIC)
- Proof of Permanent/Regular employee and 1 Year working experience
- Proof of 2 Years working experience for Contractual Employees
- Last 3 months salary slip/salary certificate
- Bank statement of last 6 months with reflection of salary credits
- Two recent photographs
- Copy of Computerized / Smart National Identity Card (CNIC / SNIC)
- Acceptable proof of business
- Bank statement of last 6 months
Yes if you are:
- Pakistani National Citizen holding valid CNIC / SNIC
- Having satisfactory credit history
Following Categories are being offered in Bank AL Habib Car Financing:
- Brand new vehicle for personal use
- Used cars above 1000cc; not older than 5 years from the date of manufacturing
- Used cars up to 1000cc; not older than 3 years from the date of manufacturing
Up to PKR 3,000,000/-.
- Financing for 5 Years only for Vehicles upto 1000cc
- Financing for 3 Years only for Vehicles above 1000cc
- Minimum 15% for Brand New Vehicles up to 1000cc
- Minimum 20% for Used Vehicles up to 1000cc
- Minimum 30% for above 1000cc new/used Vehicles
Minimum Down Payment varies in accordance with the variant and the model of vehicle
You have to pay equity in the vehicle price, processing fee, and first year’s Takaful premium.
We have arrangements with various renowned Takaful companies which offer special rates for Bank AL Habib customers.
You need to repay through Direct Debit Authority.
Yes, you have the option to repay the financing at any time during the tenure of the financing.
Yes. Partial payments can be made twice a year without any fee(after every six months) with a minimum of PKR 50,000/-.
The used car should not be older than 5 years from the date of manufacturing if it is above 1000cc. If the used vehicle is upto 1000cc, than it should not be older than 3 years from date of manufacturing.
The Bank arranges for the valuation through its panel of approved surveyors/valuators.
The vehicle is the security, which will be hypothecated in favor of Bank AL Habib through Motor Registration Authority.
- Visit the nearest Bank AL Habib Islamic Branch
- Call our 24X7 Helpline
- Email at apnicar.islamic@bankalhabib.com