Security for your financing
Those who apply for Faysal Car Finance will benefit from two important protections that make the vehicle safer: Takaful coverage and the installation of a tracker device, which allows immediate location of the vehicle in case of theft.
On Faysal’s website, you’ll also have access to pricing tables for new and used vehicles, enabling you to compare options and choose what best suits your current conditions and buyer profile.
Who can apply for Faysal Car Finance?
Some eligibility criteria must be met to apply for Faysal Car Finance. You must be a Pakistani citizen and have a minimum monthly income of PKR 30,000 if salaried, or PKR 40,000 if self-employed. Additionally, you may be required to prove your monthly income over the past 12 months in both cases.
The minimum age to apply for financing is 21 years old, and it can go up to 65 or 70 years old at the time of signing the contract. Other sources of income, such as rental earnings, may be accepted by the bank, subject to prior analysis.
A tip for you
If you’re interested in applying for this financing, make sure to review all conditions before signing. This decision should be made carefully, after some days of reflection and comparisons between financing opportunities.
Keep in mind that a car loan is a financial commitment that requires your full attention to make payments on time. Delays can lead to the application of high interest rates.
Another important point is to understand the financing modality, which operates under the Residual Value Financing scheme, where you pay lower monthly installments during the contract, as you commit to settling the residual amount with the bank at the end.
How to apply for Faysal Car Finance?
If you liked this option and want to proceed with a transparent application process, click the link below and visit the bank’s official website to fill out the application form. The bank will contact you to understand your needs, perform credit analysis, and sign the contract that turns your dream into reality.