Faysal bank New car installment plan 2023 | | Best bank for car loan Pakistan
Channel: Business with Ali
Date: 2023-03-11

Drive your Dream Car Today
Faysal Islamic Car Finance is based on the principles of Diminishing Musharakah. This is a medium and long term financing product, where the Bank and the customer jointly purchase an asset and create joint ownership in the asset. The Bank rent out its share in the asset to the customer while the customer periodically purchases units of ownership in the asset from the Bank. After purchase of all the units, the customer becomes the sole owner of the asset.

Features & Benefits
Fast and Hassle-free application process
Flexibility in selection of cars (Assembled/Manufactured)
Facility against brand new as well as used vehicle
Financing amount up to 70% of the value of vehicle
Flexible Financing Tenure
Maximum 5 Years (Vehicles up to 1000 CC)
Maximum 3 Years (Vehicles above 1000 CC)
Partial Pre-payment facility available
Co-Partner facility available
Early settlement option
Takaful coverage from reputable Takaful Companies on FBL Panel
Tracker will be installed in vehicles for maximum safety.
Installments start after vehicle delivery
No processing fee until financing approval
Up to 9-year old vehicle can be financed
Property rental Income can be considered as primary income or additional to the basic income
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