Sunday, October 13, 2024

Now You Can Buy upto 9 Year Old Car on Easy Monthly Installments

Used car financing has been made highly convenient with Bank Islami as you can finance up to 9 years old locally manufactured cars.

Through Bank Islami Auto Finance, the bank will rent out its share in the automobile to you in exchange for sequential rents decided. In addition, the buyer will purchase the bank’s Musharakah units (shares) on a periodical basis and will become the sole owner of the vehicle on the purchase of all the units.

Auto Finance Features

Auto Financing facilityAll locally manufactured used vehicles
Tenure1 – 5 years (for vehicles with up to 1000 cc engine capacity) 1 – 3 years (for vehicles above 1000 cc engine capacity).
Takaful Rate1.99%
Rental rate6 months KIBOR +2%
Processing ChargesRs. 1,500/ car (Inclusive of FED)
Financing AmountRs. 250,000 – Rs. 3,000,000/-
Customer Equity30% – 90%

How to Apply

In order to apply, visit the official website of Bank Islami Auto Finance. Read the eligibility requirements and documentation required. Fill out the form provided online and submit it. It is important to note that the documents required are different for salaried individuals and Businessmen.

Click on the provided link for more information.

https://lnkd.in/ewkeHSZn

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