A car loan (also known as an automobile loan, or auto loan) is a sum of money a consumer borrows in order to purchase a car. Many consumers apply for car loans at their local bank. When applying for a car loan a borrower will usually begin by specifying how much money he or she wants to borrow.
Habib Bank Limited
HBL Car Loan
Features
Financing limit between PKR 200,000 to PKR 5,000,000
Repay within a 7 year time period (5 years for used car financing).
Option to choose between fixed and floating rate
Comprehensive insurance coverage and tracker arrangement through leading business partners
Dedicated after sales service
Criteria Salaried individuals
Applicant must be a Pakistani citizen
Applicant to be 22 years or more at the time of application and 60 years or less at the time of maturity
Minimum monthly income to be PKR 20,000
Self-employed business persons/professionals
Applicant must be a Pakistani citizen
Applicant to be 22 years or more at the time of application and 70 years or less at the time of maturity