Get ready for the ride of your life with Alfalah Auto Loan, an innovation that not only facilitates but puts you in total control of your car financing.
Vehicle Choice: Whether a new or used vehicle, local or imported, Alfalah Auto Loan offers flexibility. Choose from a variety of affordable interest rates and the residual value option to customize your payment plan.
Flexibility in Installments: Maintain control with options like partial payment and deferral of insurance and registration expenses. Moreover, the car replacement option at no additional cost adds an extra layer of convenience.
Flexibility in Financing
Flexible Financing Tenure: With Alfalah Auto Loan, you can plan your financing according to your needs. Choose between 2 and 5 years for vehicles up to 1000 CC and between 2 and 3 years for vehicles above 1000 CC.
Locations and Eligibility
Eligibility: Discover the freedom of owning reliable vehicles like Suzuki, Toyota, Honda, KIA, and Hyundai.
Vehicles Allowed under RV: Explore the variety of brands and models that can be financed under the RV product, ensuring you choose the perfect vehicle.
Innovation in Rates and Payments
Option of Deferred Insurance and Registration: Bank Alfalah goes the extra mile, offering the option to defer insurance and registration expenses. This means you can incorporate these costs into your financing plan, making the entry even more accessible.
Residual Value (RV) – Your Financial Ally
The Residual Value product allows a lump-sum payment at the end of the tenure, making installments more accessible. An innovative approach to enhance convenience and personalization. Residents in various cities, including Lahore, Karachi, and Islamabad, have access to this service.
Partial Payment Product:
Transform your reserved vehicle into Bank Alfalah financing for a budget-friendly approach. Instead of a lump sum cash payment for your newly booked vehicle, leverage Bank Alfalah Auto Loan Partial Payment Product. Enjoy the convenience of spreading the cost with easy monthly installments.
Vehicle Replacement Option:
Explore the freedom to upgrade your vehicle hassle-free with Bank Alfalah’s Vehicle Replacement Option. Effortlessly transition to a new vehicle without any pre-adjustment penalties, ensuring a seamless and cost-effective experience.
Option for Balloon Payment:
Take control of your loan repayments with Bank Alfalah’s innovative Option for Balloon Payment. Lower your regular installments by making two balloon payments during the loan tenure, each equivalent to six equal monthly installments.
Deferred Insurance & Registration:
Bank Alfalah introduces the Deferred Insurance and Registration product, a groundbreaking offering. This allows customers to pay insurance and registration charges in installments throughout the financing period, eliminating the need for an upfront down payment. Experience increased affordability and ownership of high-value vehicles.
Author’s opinion
If you’ve ever difficult approval process in a securing a loan, then you know how difficult it is to get trought the hole process. To facilitate this process, Bank Alfalah auto loan was created. It’s a simplified auto loan that is tailored made to accomodate to your situation, giving you a facilitated low down payment auto loan solution. More than financing, it’s a journey to freedom and control. Start today.
Do you still have doubts about how much your loan will cost?
Don’t worry! Bank Alfalah offers a loan calculator to know exactly how much you will pay on the Loan requested.
The calculator will be on the loan application page, so you can do it quickly and easily.