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faysal bank roshan apni car loan markup rate full details

faysal bank roshan apni car loan markup rate full details


Drive your Dream Car Today

Faysal Islami 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.

Roshan Apni Car

Based on SBP initiative, Faysal Islami introduces Roshan Apni Car Financing scheme only for Faysal Islami’s RDA customers. Under this scheme Faysal Islami’s RDA customers can avail special rates and features. RDA customer can apply under following segments.1.

Car Financing against lien on RDA deposits and Naya Pakistan Certificates.2.

Car Financing based on remittances sent through FBL RDA accounts.3.

Car Financing to salaried RDA customers.

Features

1.

Zero processing charges.2.

Zero early settlement/partial charges after first year.3.

Fast and Hassle-free application process.4.

Facility against brand new as well as used vehicle.5.

Financing amount up to 85% of the value of vehicle.6.

Financing tenure from 1 to 7 years.7.

Partial Pre-payment facility available.8.

Early settlement option.9.

Takaful coverage from reputable Takaful Companies on FBL Panel.10.

Installment start after vehicle delivery.11.

Up to 9-year old vehicle can be financed.

Tentative Vehicle Delivery Timelines for RDA Customers:

ManufacturerVariantsTentative Delivery TimeSpecial Offer for RDA Customers
Honda AtlasCity2 to 3 monthsUp to half from the actual tentative delivery time
Civic3 to 4 months
BRV2 Months
KIASportage3 MonthsUp to half from the actual tentative delivery time
Picanto3 Months
Carnival2 Months
Sorento4 Months
Indus MotorYaris2 to 3 MonthsBooking month + 2
Corolla 1.6 & 1.86 to 7 Months
Fortuner6 to 7 Months
Revo6 to 7 Months
Grande6 to 7 Months
Pak SuzukiAlto2 MonthsUp to half from the actual tentative delivery time
Cultus4 Months
Wagon – R2 Months
Bolan2 Months
Ravi2 Months
Swift3 Months
HyundaiTucson6 to 7 MonthsBooking month + 3

20%DOWN PAYMENT 1 Years Plan
FAYSAL BANK LIMITED – FAYSAL ISLAMIC CAR FINANCE
INSTALLMENT CALCULATION SHEET
      
NAME OF APPLICANTMalik Zawar Awan
LOAN REFERENCE # 
CNIC11111-111111-1
DOB22-May-2021
CityBhakkar
FILER/NON-FILERFILER 
FACILITY TYPE Diminishing Musharakah
MAKE & MODELcar loan
YEAR OF MANUFACTURE2021
TOTAL COST OF VEHICLERs.2,000,000  
DOWN PAYMENT (IN %age)20.00%  0.75%
DOWN PAYMENT (IN Rs.)Rs.400,000  0.91387526
FINANCE AMOUNTRs.1,600,000  0.08612474
TENOR IN YEARS1  11.43248761
KIBOR8.04%  
MARGIN1.00%  
PRICING9.04%  0.087470027
TAKAFUL RATE1.50%  
MONTHLY TRACKER FEE (Excl. FED)1,400  
RATE PER MONTH0.74%  
RENTAL FOR THE 1ST MONTH13,512  
MODE BOOKING  
UP-FRONT PAYMENTS:
(A)DOWN PAYMENTRs.400,000
(B)REGISTRATION COSTRs.0
(C)1ST YEAR [email protected]1.50%Rs.30,000
(D)PROCESSING FEE (including FED)Rs.8,120
(E)TRACKER MANAGEMENT FEE (INCLUDING FED)Rs.23,200
(F)NON-FILER WHT @ 4% OF ASSET VALUERs.0
PAYABLE IN FORM OF CROSS CHQ. OR PAY-ORDERRs.461,320
REPAYMENT SCHEDULE:
YEARMONTHLY
INSTALLMENT
MONTHLY SUPPLEMENTARY RENTALMONTHLY ADDITIONAL RENTALTOTAL MONTHLY
 PAYMENT 
(**)1Rs.139,860Rs.0Rs.1,624Rs.141,484

20%DOWN PAYMENT 2 Years Plan

DOWN PAYMENTRs.400,000
REGISTRATION COSTRs.0
1ST YEAR [email protected]1.50%Rs.30,000
PROCESSING FEE (including FED)Rs.8,120
TRACKER MANAGEMENT FEE (INCLUDING FED)Rs.23,200
NON-FILER WHT @ 4% OF ASSET VALUERs.0
Rs.461,320
YEARMONTHLY
INSTALLMENT
MONTHLY SUPPLEMENTARY RENTALMONTHLY ADDITIONAL RENTALTOTAL MONTHLY
 PAYMENT 
1Rs.73,034Rs.2,250Rs.1,624Rs.76,908
2Rs.73,034Rs.0Rs.1,624Rs.74,658

20%DOWN PAYMENT 3 Years Plan

UP-FRONT PAYMENTS:
(A)DOWN PAYMENTRs.400,000
(B)REGISTRATION COSTRs.0
(C)1ST YEAR [email protected]1.50%Rs.30,000
(D)PROCESSING FEE (including FED)Rs.8,120
(E)TRACKER MANAGEMENT FEE (INCLUDING FED)Rs.23,200
(F)NON-FILER WHT @ 4% OF ASSET VALUERs.0
PAYABLE IN FORM OF CROSS CHQ. OR PAY-ORDERRs.461,320
REPAYMENT SCHEDULE:
YEARMONTHLY
INSTALLMENT
MONTHLY SUPPLEMENTARY RENTALMONTHLY ADDITIONAL RENTALTOTAL MONTHLY
 PAYMENT 
(**)1Rs.50,817Rs.2,250Rs.1,624Rs.54,691
(**)2Rs.50,817Rs.2,125Rs.1,624Rs.54,566
(**)3Rs.50,817Rs.0Rs.1,624Rs.52,441

20%DOWN PAYMENT 4 Years Plan

UP-FRONT PAYMENTS:
(A)DOWN PAYMENTRs.400,000
(B)REGISTRATION COSTRs.0
(C)1ST YEAR [email protected]1.50%Rs.30,000
(D)PROCESSING FEE (including FED)Rs.8,120
(E)TRACKER MANAGEMENT FEE (INCLUDING FED)Rs.23,200
(F)NON-FILER WHT @ 4% OF ASSET VALUERs.0
PAYABLE IN FORM OF CROSS CHQ. OR PAY-ORDERRs.461,320
REPAYMENT SCHEDULE:
YEARMONTHLY
INSTALLMENT
MONTHLY SUPPLEMENTARY RENTALMONTHLY ADDITIONAL RENTALTOTAL MONTHLY
 PAYMENT 
(**)1Rs.39,752Rs.2,250Rs.1,624Rs.43,626
(**)2Rs.39,752Rs.2,125Rs.1,624Rs.43,501
(**)3Rs.39,752Rs.2,000Rs.1,624Rs.43,376
(**)4Rs.39,752Rs.0Rs.1,624Rs.41,376

20%DOWN PAYMENT 5 Years Plan

UP-FRONT PAYMENTS:
(A)DOWN PAYMENTRs.400,000
(B)REGISTRATION COSTRs.0
(C)1ST YEAR [email protected]1.50%Rs.30,000
(D)PROCESSING FEE (including FED)Rs.8,120
(E)TRACKER MANAGEMENT FEE (INCLUDING FED)Rs.23,200
(F)NON-FILER WHT @ 4% OF ASSET VALUERs.0
PAYABLE IN FORM OF CROSS CHQ. OR PAY-ORDERRs.461,320
REPAYMENT SCHEDULE:
YEARMONTHLY
INSTALLMENT
MONTHLY SUPPLEMENTARY RENTALMONTHLY ADDITIONAL RENTALTOTAL MONTHLY
 PAYMENT 
(**)1Rs.33,148Rs.2,250Rs.1,624Rs.37,022
(**)2Rs.33,148Rs.2,125Rs.1,624Rs.36,897
(**)3Rs.33,148Rs.2,000Rs.1,624Rs.36,772
(**)4Rs.33,148Rs.1,875Rs.1,624Rs.36,647
(**)5Rs.33,148Rs.0Rs.1,624Rs.34,772

20%DOWN PAYMENT 6 Years Plan

DOWN PAYMENTRs.400,000
REGISTRATION COSTRs.0
1ST YEAR [email protected]1.50%Rs.30,000
PROCESSING FEE (including FED)Rs.8,120
TRACKER MANAGEMENT FEE (INCLUDING FED)Rs.23,200
NON-FILER WHT @ 4% OF ASSET VALUERs.0
Rs.461,320
YEARMONTHLY
INSTALLMENT
MONTHLY SUPPLEMENTARY RENTALMONTHLY ADDITIONAL RENTALTOTAL MONTHLY
 PAYMENT 
1Rs.28,774Rs.2,250Rs.1,624Rs.32,648
2Rs.28,774Rs.2,125Rs.1,624Rs.32,523
3Rs.28,774Rs.2,000Rs.1,624Rs.32,398
4Rs.28,774Rs.1,875Rs.1,624Rs.32,273
5Rs.28,774Rs.1,750Rs.1,624Rs.32,148
6Rs.28,774Rs.0Rs.1,624Rs.30,398

20%DOWN PAYMENT 7 Years Plan

DOWN PAYMENTRs.400,000
REGISTRATION COSTRs.0
1ST YEAR [email protected]1.50%Rs.30,000
PROCESSING FEE (including FED)Rs.8,120
TRACKER MANAGEMENT FEE (INCLUDING FED)Rs.23,200
NON-FILER WHT @ 4% OF ASSET VALUERs.0
Rs.461,320
YEARMONTHLY
INSTALLMENT
MONTHLY SUPPLEMENTARY RENTALMONTHLY ADDITIONAL RENTALTOTAL MONTHLY
 PAYMENT 
1Rs.25,675Rs.2,250Rs.1,624Rs.29,549
2Rs.25,675Rs.2,125Rs.1,624Rs.29,424
3Rs.25,675Rs.2,000Rs.1,624Rs.29,299
4Rs.25,675Rs.1,875Rs.1,624Rs.29,174
5Rs.25,675Rs.1,750Rs.1,624Rs.29,049
6Rs.25,675Rs.1,625Rs.1,624Rs.28,924
7Rs.25,675Rs.0Rs.1,624Rs.27,299

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