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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 PAYMENT			Rs.267,000
(B)	REGISTRATION COST			Rs.0
(C)	1ST YEAR TAKAFUL@	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 VALUE		Rs.0
PAYABLE IN FORM OF CROSS CHQ. OR PAY-ORDER		Rs.318,345

YEAR	MONTHLY INSTALLMENT	MONTHLY SUPPLEMENTARY RENTAL	MONTHLY ADDITIONAL RENTAL	TOTAL MONTHLY  PAYMENT
1	Rs.96,436	Rs.0	Rs.1,624	Rs.98,060

20% Down payment 2 Yers Plan

UP-FRONT PAYMENTS:
(A)	DOWN PAYMENT			Rs.267,000
(B)	REGISTRATION COST			Rs.0
(C)	1ST YEAR TAKAFUL@	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 VALUE		Rs.0
PAYABLE IN FORM OF CROSS CHQ. OR PAY-ORDER		Rs.318,345
REPAYMENT SCHEDULE:
	YEAR	MONTHLY INSTALLMENT	MONTHLY SUPPLEMENTARY RENTAL	MONTHLY ADDITIONAL RENTAL	TOTAL MONTHLY  PAYMENT
(**)	1	Rs.51,825	Rs.2,003	Rs.1,624	Rs.55,452
(**)	2	Rs.51,825	Rs.0	Rs.1,624	Rs.53,449
(**)

20% Down payment 3 Yers Plan

UP-FRONT PAYMENTS:
(A)	DOWN PAYMENT			Rs.267,000
(B)	REGISTRATION COST			Rs.0
(C)	1ST YEAR TAKAFUL@	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 VALUE		Rs.0
PAYABLE IN FORM OF CROSS CHQ. OR PAY-ORDER		Rs.318,345
	YEAR	MONTHLY INSTALLMENT	MONTHLY SUPPLEMENTARY RENTAL	MONTHLY ADDITIONAL RENTAL	TOTAL MONTHLY  PAYMENT
(**)	1	Rs.37,065	Rs.2,003	Rs.1,624	Rs.40,692
(**)	2	Rs.37,065	Rs.1,891	Rs.1,624	Rs.40,580
(**)	3	Rs.37,065	Rs.0	Rs.1,624	Rs.38,689

20% Down payment 4 Yers Plan

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

20% Down payment 5 Yers Plan

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

20% Down payment 6 Yers Plan

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

20% Down payment 7 Yers Plan

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