How to buy used cars on installments from a bank in Pakistan

How to buy used cars on installments from a bank in Pakistan

To buy a used car on installments through a bank in Pakistan, you'll need to find a bank offering auto financing, identify your desired vehicle, and then apply for a loan, providing necessary documents and meeting the bank's eligibility criteria. Here's a more detailed breakdown: 1. Identify Banks Offering Used Car Financing: Meezan Bank: Offers car financing through their "Car Ijarah" program, which includes used vehicles. Askari Bank: Offers auto financing for both new and used locally assembled vehicles. BankIslami: Provides auto finance through Diminishing Musharakah, which can be used for used cars. Faysal Bank: Offers car financing for up to 9-year-old vehicles. Bank Alfalah: Offers auto loans, with a specific program for Roshan Digital Account (RDA) holders and their family members in Pakistan. JS Bank: Offers CarAamad Auto Financing. HBL Pakistan: Offers Easy Car Loan. UBL: Offers UBL Drive with a Residual Value Plan, which can be used for used vehicles. MCB Bank: Offers Car4U, a car financing program. Bank of Punjab: Offers used car auto financing. Dubai Islamic Bank: Offers car financing. Bank Al Habib: Offers individual financing which includes car financing. 2. Identify Your Desired Vehicle: Locate a Car: Find a used car that meets your needs and budget. You can find used cars through dealerships or private sellers. Ensure Title is Clear: Make sure the vehicle has a clear title and is free of any encumbrances. 3. Apply for Auto Financing: Visit a Bank Branch: Approach the bank of your choice and inquire about their auto financing programs, especially those that cater to used cars. Complete the Application: Fill out the necessary application forms and provide the required documents. Required Documents (General): Two recent passport-sized photographs. Copy of Computerized National Identity Card (CNIC). Proof of Income (salary slips, bank statements, etc.). Proof of Business (for self-employed). Bank statements for the last 6 months. Utility bill. Other documents as required by the specific bank. Complete procedure for leasing from used cars bank in pakistan 2025 pdf Complete procedure for leasing from used cars bank in pakistan 2025 urdu Complete procedure for leasing from used cars bank in pakistan 2025 lahore Meezan Bank installment plan car Meezan Bank installment plan car pdf Meezan Bank Car loan Meezan Bank car Calculator HBL car loan calculator _____________/LINKS\____________________________ ► Facebook:➜   / zawarmotors   ► Instagram:➜   / malik.zawar.awan.bhakkar   ► Website:➜ https://zawarcars.com ► Zawar Tractors youtube:➜    / @zawartractors   ►Tik Tok https://vt.tiktok.com/ZSdPGayLj/ ================================================