Key Features

• Finance new and used vehicle for personal use
• Payment tenure ranging - 1 to 7 years (vehicles up to 1000cc) - 1 to 5 years (vehicles above 1000cc)
• Comprehensive Takaful arrangement through business partners on HBL panel
• Initiation of rentals only after delivery of vehicle to the customer
• Quick processing with minimum documentation
• Option for partial payment
• Option for early termination of facility

Criteria

Salaried individuals:

• Applicant must be a Pakistani citizen
• For booking cases, minimum age to be 22 years and maximum 59 years or retirement age whichever is lower (at maturity)
• For ready/used car cases, minimum age to be 22 years and maximum 60 years or retirement age whichever is lower (at maturity)
• Minimum monthly income to be PKR 20,000

Self-employed business persons/professionals to provide:

• Applicant must be a Pakistani citizen
• For booking cases, minimum age to be 22 years and maximum 69 years (at maturity)
• For ready/used car cases, minimum age to be 22 years and maximum 70 years (at maturity)
• Minimum monthly income to be PKR 25,000

How to apply

Salaried individuals to provide:

• Copy of valid CNIC is required
• Two recent passport size photographs
• Latest original or copy of salary slip required
• Other document as per bank policy

Self-employed business persons/professionals to provide:

• Copy of valid CNIC should be attached
• Two recent passport size photographs
• Bank statement for last 6 months, signed and stamped by Branch Manager and bank letter confirming detail of account
• Proof of business
• Other documents as per bank policy

Guiding principle

HBL Car Finance is based on the concept of Diminishing Musharakah. Under this arrangement, bank and customer become joint owners in a vehicle with an agreed investment ratio. Bank’s ownership share of the vehicle is divided into units which customer purchases periodically to ultimately become complete owner of the vehicle. Till the complete ownership, customer pays agreed rentals for using bank’s share in the vehicle.​

Product Disclosure

All bank charges will apply as per the prevalent Islamic Schedule of Bank Charges.

Terms and conditions apply.