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Faysal Car Finance Suzuki Alto vxr 20% Down payment 1 Yers To 7 Years plan

Faysal Car Finance Suzuki Alto vxr 20% Down payment 1 Yers To 7 Years plan

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.

20% Down payment 1 Yers Plan

UP-FRONT PAYMENTS:
(A)DOWN PAYMENTRs.267,000
(B)REGISTRATION COSTRs.0
(C)1ST YEAR [email protected]1.50%Rs.20,025
(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.318,345
YEARMONTHLY
INSTALLMEN
T
MONTHLY SUPPLEMENTARY RENTALMONTHLY ADDITIONAL RENTALTOTAL MONTHLY
 PAYMENT 
1Rs.96,436Rs.0Rs.1,624Rs.98,060

20% Down payment 2 Yers Plan

UP-FRONT PAYMENTS:
(A)DOWN PAYMENTRs.267,000
(B)REGISTRATION COSTRs.0
(C)1ST YEAR [email protected]1.50%Rs.20,025
(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.318,345
REPAYMENT SCHEDULE:
YEARMONTHLY
INSTALLMENT
MONTHLY SUPPLEMENTARY RENTALMONTHLY ADDITIONAL RENTALTOTAL MONTHLY
 PAYMENT 
(**)1Rs.51,825Rs.2,003Rs.1,624Rs.55,452
(**)2Rs.51,825Rs.0Rs.1,624Rs.53,449
(**)     

20% Down payment 3 Yers Plan

UP-FRONT PAYMENTS:
(A)DOWN PAYMENTRs.267,000
(B)REGISTRATION COSTRs.0
(C)1ST YEAR [email protected]1.50%Rs.20,025
(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.318,345
YEARMONTHLY
INSTALLMENT
MONTHLY SUPPLEMENTARY RENTALMONTHLY ADDITIONAL RENTALTOTAL MONTHLY
 PAYMENT 
(**)1Rs.37,065Rs.2,003Rs.1,624Rs.40,692
(**)2Rs.37,065Rs.1,891Rs.1,624Rs.40,580
(**)3Rs.37,065Rs.0Rs.1,624Rs.38,689

20% Down payment 4 Yers Plan

YEARMONTHLY
INSTALLMENT
MONTHLY SUPPLEMENTARY RENTALMONTHLY ADDITIONAL RENTALTOTAL MONTHLY
 PAYMENT 
1Rs.29,767Rs.2,003Rs.1,624Rs.33,394
2Rs.29,767Rs.1,891Rs.1,624Rs.33,282
3Rs.29,767Rs.1,780Rs.1,624Rs.33,171
4Rs.29,767Rs.0Rs.1,624Rs.31,391

20% Down payment 5 Yers Plan

YEARMONTHLY
INSTALLMENT
MONTHLY SUPPLEMENTARY RENTALMONTHLY ADDITIONAL RENTALTOTAL MONTHLY
 PAYMENT 
1Rs.25,453Rs.2,003Rs.1,624Rs.29,080
2Rs.25,453Rs.1,891Rs.1,624Rs.28,968
3Rs.25,453Rs.1,780Rs.1,624Rs.28,857
4Rs.25,453Rs.1,669Rs.1,624Rs.28,746
5Rs.25,453Rs.0Rs.1,624Rs.27,077

20% Down payment 6 Yers Plan

YEARMONTHLY
INSTALLMENT
MONTHLY SUPPLEMENTARY RENTALMONTHLY ADDITIONAL RENTALTOTAL MONTHLY
 PAYMENT 
1Rs.22,630Rs.2,003Rs.1,624Rs.26,257
2Rs.22,630Rs.1,891Rs.1,624Rs.26,145
3Rs.22,630Rs.1,780Rs.1,624Rs.26,034
4Rs.22,630Rs.1,669Rs.1,624Rs.25,923
5Rs.22,630Rs.1,558Rs.1,624Rs.25,812
6Rs.22,630Rs.0Rs.1,624Rs.24,254

20% Down payment 7 Yers Plan

YEARMONTHLY
INSTALLMENT
MONTHLY SUPPLEMENTARY RENTALMONTHLY ADDITIONAL RENTALTOTAL MONTHLY
 PAYMENT 
1Rs.20,657Rs.2,003Rs.1,624Rs.24,284
2Rs.20,657Rs.1,891Rs.1,624Rs.24,172
3Rs.20,657Rs.1,780Rs.1,624Rs.24,061
4Rs.20,657Rs.1,669Rs.1,624Rs.23,950
5Rs.20,657Rs.1,558Rs.1,624Rs.23,839
6Rs.20,657Rs.1,446Rs.1,624Rs.23,727
7Rs.20,657Rs.0Rs.1,624Rs.22,281
TOTALRs.1,735,188Rs.124,164Rs.136,416Rs.1,995,768

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 (locally manufactured as well as imported vehicles)
  • Facility against brand new as well as used vehicle
  • Financing amount up to 85% of the value of vehicle
  • Financing tenure from 1 to 7 years
  • 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

Online Payment Process for Car FinanceSave Big with Suzuki!Faysal Car Finance – Luxury Vehicles Offer

Documents Required

Salaried Individuals

Business Person / Self Employed Person

Eligibility Criteria:

  • Citizen Ship: Pakistani
  • Income:
    Salaried: Minimum PKR 30,000
    Contractual: Minimum PKR 50,000
    SEB/SEP: Minimum PKR 40,000
  • Age Limit: Salaried (Min 21 Years and Max 65 Years at the time maturity)
    SEB/SEP (Min 21 Year and Max 70 Years at the time of maturity)

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