Bank Alfalah Car Leasing Documentation & Process

Do you want to find detail of Bank Alfalah Car Leasing Documentation & Process? These pages cover Alfalah Car Financing, Features and Benefits, Installment Calculator, Documents Required, Eligibility, Markup Rates that is enough for one that want to lease a car from this bank. First of all moving towards the features of this finance policy among which major one is that one can has option to lease brand new or used car. Second major benefit is that one has option for making installments and a option is also available of large payment that is out of interest. Final major benefit is that for apply one need minimum documentation and very simple process. Further documents detail is given as below.

Bank Alfalah Car Leasing

Required Documentation:

  • Two passport size photographs
  • Copy of Computerized National ID Card
  • Bank statement for the last six months
  • Salary certificate (in English) specifying the name, date of joining, designation and salary details
  • Signatures verified from your Banker
  • Same above documents of Co-Borrower (In Case of Co-Borrower Case)

Process or Eligibility Criteria:

  • For this it’s necessary that one must become a citizen of Pakistan.
  • Only person between 25 to 61 ages are apply for this finance policy.

To Check Alfalah Bank Car Financing Calculator and Booking Process Click Here

Finally moving towards the markup ratio that is really simple and divide in to parts named as.

Fixed Rates

Variable Rates

Fixed Rates

Financing Product 1 Year 2 Years 3 Years 4 Years 5 Years
Car Loan for Brand New Vehicles 17.50% 17.50% 18.00% 18.50% 18.50%
Car Loan for Brand New Imported Vehicles 19.00% 19.00% 19.00% 19.00% 19.00%
Brand New Semi Commercial Vehicles (locally manufactured) 20.00% 20.00% 20.00% 20.00% 20.00%
Second Hand Vehicles 21.00% 21.00% 21.00% 21.00% 21.00%

 

Variable Rates

Financing Product

2 Years

3 Years

4 Years – 5 Years

Car Loan for Locally Manufactured Brand New Vehicles

Kibor + 3.5%

Kibor + 4%

Kibor + 4.5%

Car Loan for Imported Vehicles

Kibor + 5%

Car Loan for Semi Commercial Vehicles (locally manufactured)
Second Hand Vehicles

 

Applying Procedure:

This bank announces two ways for applying for the convenience of customers. Among these procedures one is directly going to related bank and makes a plan according to requirement. Second applying procedure is in under maintenance. Through this one can easily make plan and apply for policy at home through online. Hopefully with in period of time it will in running condition.

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