Bank Alfalah Car Finance Scheme:

Introduction to Bank Alfalah:

Bank Alfalah Limited was incorporated on June 21st, 1992 as a public limited company under the Companies Ordinance 1984. Its banking operations commenced from November 1st,1997. The bank is engaged in commercial banking and related services as defined in the Banking companies ordinance, 1962. The Bank is currently operating through various branches in Pakistan, Bahrain, Bangladesh & Afghanistan, with the registered office at B.A.Building, I.I.Chundrigar, and Karachi. Since its inception, as the new identity of H.C.E.B after the privatization in 1997, the management of the bank has implemented strategies and policies to carve a distinct position for the bank in the market place. Strengthened with the banking of the Abu Dhabi Group and driven by the strategic goals set out by its board of management, the Bank has invested in revolutionary technology to have an extensive range of products and services.

Vision:
To be the premier organization operating locally & internationality that provides the complete range of financial services to all segments under one roof.

Mission:
To develop & deliver the most innovative products, manage customer experience, deliver quality services that contributes to brand strength, establishes a competitive advantage and enhances profitability, thus providing value to the stakeholders of the bank.

Board of Directors:
H.E. Sheikh Hamdan Bin Mubarak Al Nahayan Chairman

Mr. Abdulla Nasser Hawalileel Al-Mansoori Director

Mr. Abdull Khalil Al Mutawa Director

Mr.Khalid Mana Saeed Al Otaiba Director

Mr. Ikram Ul-Majeed Sehgal Director

Mr. Nadeem Iqbal Sheikh Director

Mr. Sirajuddin Aziz Director & CEO

Bank Alfalah Car Finance Investment Program:

Benefits and Features:

Quickest processing. No hidden charges. Minimum down payment. Complete repayment at any point of time. Tenure period ranging from 1 to 5 years. Financing of all brand new locally assembled vehicles and used cars. Financing limit ranging between Rs. 200,000/- to Rs. 2000, 000/for brand new cars.

Corporate & Individual Car Leasing BALs recently introduced car leasing facility for individuals and corporate sector has set new dimensions for the product. Now you are provided with the option of either to get the vehicle leased or financed. Insurance Renowned and reliable Insurance companies are offering the competitive rates of insurance. Pay year insurance premium in advance { at the time of down payment } and the remaining in the subsequent equal monthly installment.

Markup Rates:
Financing Product Car Loan for Brand New Vehicles Car Loan for Brand New Imported Vehicles Band New Semi Commercial Vehicles (locally manufactured) Second Hand Vehicles 1Yr 2Yr 3Yr 4Yr 5Yr

17.50% 17.50% 18.00% 18.50% 18.50%

19.00% 19.00% 19.00% 19.00% 19.00%

20.00% 20.00% 20.00% 20.00% 20.00%

21.00% 21.00% 21.00% 21.00% 21.00%

Corporate Discount Rate A Corporate Discount of 0.5% shall continue to apply on all above mentioned rates.

Repayments Easily affordable installments on monthly basis in the form of post-dated cheques will set you free of depositing your rental cheques every month. Security Hypothecation of vehicle in the name of Bank Alfalah Limited. You Can Act As A Co-Borrower Acting as a co-borrower will enable your family members {spouse, children- 18 year and above} to avail the financing facility and get the car registered in their names as well.

Cars&Prices:

BRAND DAIHATSU CUORE

CC MODEL 847 CL-STD 847 CL-STD-ECO 847 CX 847 CX-METALLIC 847 CX-ECO 847 CX-ECOMETALLIC 847 CX-AUTO 847 CX-AUTOMETALLIC 847 CX-AUTO-Non.mCNG 847 CX-AUTOMETALLIC-CNG 1299 XLI 1299 GLI 1800 ALTIS 1800 ALTIS MT 1800 ALTIS MT SR 1800 ALTIS AT 1975 2.0 D

PRICE FREIGHT 569,000 10,000 609,000 619,000 625,000 664,000 669,000 589,000 654,000 704,000 709,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000

TOYOTA COROLLA

1,239,000 12,000 1,354,000 12,000 12,000 1,639,000 12,000 12,000 12,000 1,287,000 12,000

TOP

Documentation:

Two passport size photographs. Copy of National ID card. Bank statement for the last six months. Salary certificate {for salaried individual}. Business proof {for a business person}. N.T.N Certificate. Co-borrowers NIC copy {if the car is to be in the name of the coborrower}.

Eligibility:

Pakistani National Identity Card holder. Over 20 years of age (Maximum 60 years in case of salaried and 62 in case of a business person at the time of maturity of the loan). Salaried , businessman or self employed

The Product

Alfalah Car Finance is specially designed for you. Addressed below are answers to some frequently asked question Can I avail the car loan facility? Yes, you can get loan from bank alfalah to purchase a Brand New Car/Used Car if you are:

Pakistani National Identity card holder. Over 20 years of age (Maximum 60years in case of saleried and 65 in case of a bussness at the time if maturity of the loan .) Salaried , businessman or self employed

Which cars I apply this loan for? All brand new pakistani assmbled / manufactured cars (unregisterd )

TOP How much loan facility can i avail? Minimum amount is Rs .200, 000/-and maximum amount is Rs.2, 000,000/-

What is the priod of the loan? The loan can be availed from 1 year to 5 years with early adjutment facility at any time before the maturity.

How much initial down payment do I have to make?

10% of the value of the car.

TOP What other charges do I have to pay? You have to pay a one time fee of Rs. 4,000/- being amount of processing and documentation charges and first years insurance premium .

Who will insure the car? Bank Alfalah has made arrengements with top insurance companies which are offering special low insurance rates for Bank Alfalah clients.

How do I repay the loan? You will repay the loan by making easy equal monthly installment to Bank Alfalah in the form of post dated chaques.

TOP Can I repay the loan before the maturity? Yes, you have the option to repay the loan at any time during the tenure of the loan.

What is the security of the loan? The car is the security, which will be hypothecated in favor of the bank and lien will be marked with the registrar.

What if I want the car in the name of my family members ?

You can include your spouse , children (18 years and above )or parents as co-applicants for the car loan and the car can be registerd in their names.

TOP What documents are required to get a car loan sanctioned? Our representative will discuss in detail the documents you are required to submit. An indicative list is given below:

Two passport size photographs Copy of national ID Card Bank statement for the last six month Salary certificate (in English) specifying the name , date of joining , designation and salary details (for a business person). Copy of the National ID card of the co-borrower (if the car is to be in the name of the co-borrower)

How is it different from other financing schemes available in Pakistan?

Easily affordable & flexible installments. Flexibility of adjustment at any time during the tenure Quick processing minimum down payment Minimum insurance

What is the first step I need to take?

Call or visit yourself or ask your family member to visit any one of our branches in pakistan .