BEST BANK FOR CAR FINANCING IN LAHORE PAKISTAN

developer Comments 0 October 23, 2018 car financing, car financing in lahore, car loan Cars & Bikes, Tips & Advices

Buy a new car is always be a dream of every man. However, due to money issues, most people are unable to satisfy their dreams. But now it’s not a problem at all. There are many banks that are providing auto loan services with lowest interests. Here is the list of five best car financing banks in Pakistan together with their interest and conditions. If one really need to shop for a new or used dreamy car then it’s strongly recommended to keep these listed banks in mind while taking any decision.

One has to think twice or more while choosing any bank for car financing. There are many reasons to do this. Several didn’t think about the term and condition of bank loan for a car and in last they repent. With the end goal to be safe from all these mishaps, ensure you read the term and conditions twice. What’s more, the most critical factor, check their insurance terms.

 

BEST CAR FINANCE SERVICE BANKS:

Below is a list of 5 best car finance service supplier banks of Pakistan. All of these banks have low markups with fixed car loan rates. There are 11 banks in Pakistan who are providing car loan services. However here are the following best banks:

 

1. DUBAI ISLAMIC BANK

Dubai Islamic Bank private limited (DIBPL) is recorded as No. one car financing bank of Pakistan. They require exceptionally cheap markup and lowest installment with long-term contracts. The bank claims to provide a world-class best car finance solution that is absolutely Shariah-compliant. Key advantages of DIBPL car financing:

 

• They supply the lowest insurance rate as compare to the other bank.
• Payment plans with tenure choices starting from 1-7 years.
• No monthly rental payments are going to be made by the client before delivery of the car in advance booking cases.
• Able to deliver and advance booking facility.
• DIBPL will finance up to 85 of the car price
• Minimum financing is Rs. 100,000 (1 Lakh) and maximum financing are 5,000,000 (50 lakh).
• Accessible for brand new or used cars, local or imported/re-conditioned cars.

 

2. FAYSAL BANK

Faysal Bank is the second most suggested banks for car finance. Faysal Bank provides you with versatile and simply customized terms to suit your distinctive desires.

They finance up to 90th with low car loan rates. One can finance car up to 5 years with simple and easy monthly installments. Key advantages of Faysal Bank car financing:

 

• The quick and hassle-free process of the application.
• Flexibility in choice of cars (local and foreign both).
• Purchase new or used car.
• Get financed up to 90th of the value of the vehicle.
• Loan tenure from 1 to 5 years.
• Comprehensive amount of money from reputed insurance companies.
• Advance booking facility.

 

3. BANK ALFALAH – CAR FINANCE SERVICES

Bank Alfalah listed in as one of the most effective car finance banks in Pakistan with low interests. Bank Alfalah is the third best bank loan for a car in Pakistan. Alfalah car finance offers reasonable, customized finance choices together with special options to assist you to get pleasure from your most preferred car in no time. They have best and fixed markup rates as compare to other auto loan service suppliers. Key advantages of Alfalah car financing:

 

• One can purchase a new, used or foreign car.
• Choose monthly time plan from multiple tenure choices for up to 5 years.
• Fastened as well as variable rate choices to cater to each budget.
• Pay the maximum amount as you wish with down payment flexibility.
• Comprehensive insurance rates with complete peace of mind.
• No end charges on auto-substitution.
• Apply with least documentation and inconvenience free quick process.

 

4. ASKARI BANK LIMITED

Askari Bank Limited is one among the most effective bank loan for a car in Pakistan. Ask 4 car is Askari Bank’s auto renting arrangement. One can finance new and additionally used car with Askari auto loan service (ASK 4 Car). Key advantages of Askari ASK 4 car Finance:

 

• Comprehensive and exceptional in-built insurance.
• Allowed makers for used cars: Suzuki, Honda, Toyota, and
• New car financing: maximum 60th and Minimum 15th.
• Used car financing: maximum 60th and Minimum 30th.

 

5. BANK OF PUNJAB (CARGAR – CAR FINANCE SERVICES)

BOP’s renting item is known as CARGAR car financing. The bank guarantees least documentation prerequisites and flexible repayments to meet individual needs. One can fund for a new car and also used car with floating rates. Key benefits of BOP CARGAR:

 

• car finance with minimum rate of Rs.100, 000 – Maximum rate of Rs.7, 500,000.
• Monthly Installment(s) should not exceed 50% of disposable cash flow.
• Tenure of Lease 1 to 5 years.
• Comprehensive insurance with rate of 3.50%.
• Finance New as well as Used car.
• Imported car financing also available.

There are also many other different car loan service banks in Pakistan which offers an auto loan, a car loan at low and affordable car loan rates. These bank loan for the car includes NIB Bank, Burj Bank, Soneri Bank, United Bank Limited (UBL), Muslim commercial bank (MCB), Habib Bank Limited (HBL).