There’s nothing like a car of your own!
AL Habib Islamic Apni Car is an auto finance facility that lets you buy a car through Shariah-compliant mode of Diminishing Musharakah (DM). With affordable plans to suit your convenience, the facility is a quick and easy route to own a car. Enjoy the ride like never before.
The facility is based on Shirkat ul Milk. Under the facility, Bank and customer jointly own the vehicle. After assuming the ownership and possession of vehicle, bank rents outs its share of ownership to customer. Bank share of ownership is divided into units and customer undertakes to purchase the bank share of ownership, periodically.
Account holder of any Bank
Salaried person, Businessman or Self-employed
Individuals having other source of income i.e. Remittance, Rental, Pension or Investments may also apply if they maintain satisfactory account at Bank AL Habib
Our highly trained executives will take care of your financing requirements
The only thing you need to worry about is choosing the car and its colour
Up to PKR 3,000,000/-.
You have to pay equity in the vehicle price, processing fee, and first year’s Takaful premium.
We have arrangements with various renowned Takaful companies which offer special rates for Bank AL Habib customers.
You need to repay through Direct Debit Authority.
Yes, you have the option to repay the financing at any time during the tenure of the financing.
Yes. Partial payments can be made twice a year without any fee(after every six months) with a minimum of PKR 50,000/-.
The used car should not be older than 5 years from the date of manufacturing if it is above 1000cc. If the used vehicle is upto 1000cc, than it should not be older than 3 years from date of manufacturing.
The Bank arranges for the valuation through its panel of approved surveyors/valuators.
The vehicle is the security, which will be hypothecated in favor of Bank AL Habib through Motor Registration Authority.
If you wish to apply, our experts will contact youClick Here