Which is the best bank for car loan in Pakistan?
What are the requirements to get a car loan in Pakistan?
What is a car loan calculator with extra payment?
What is PakWheels Car Financing?
Car Financing or Auto financing is a process of taking help from a bank or any other financial institution to buy a car. You can buy the car by bor...
What is the minimum amount required for car finance?
For 1000cc or lower engine capacity cars, minimum 15% of total car value is required as down payment and for 1000cc above cars, 30% down payment is...
What is the eligibility criteria required for financing a car in Pakistan?
For Salaried Individuals: Applicants must be a Pakistani citizen. Applicant’s age must be 22 years or more at the time of loan application and max...
What are the minimum and maximum car loan limits?
Minimum financing or loan amount is PKR 1 million. Maximum financing or loan amount is PKR 3 to 4 million.
What is the minimum and maximum financing tenure or installment plan?
Minimum financing tenure is 1 year (12 months) Maximum financing tenure is 5 years (60 months) or 7 years (84 months)
Which documents are required for car financing in Pakistan?
For Salaried Individuals: Latest employment certificate including the date of joining Nominee CNIC copy Last six-month credited salary bank stateme...
How to calculate car monthly installments?
You can calculate the car's monthly installments as well as down payment required from the Car Loan Calculator.
What is the best down payment-to-tenure ratio?
Borrowing a lesser amount and paying it off in a short tenure helps you opt for the lowest interest rate, saving you money in the long run.
Does car finance means taking a car loan from the bank?
Car finance includes three types of car loans - car leasing, hire purchase, and car loan finance. Only Car loan financing involves taking a loan fr...