- Financing facility under Shariah compliant mode for brand new locally assembled vehicles.
- Non-Resident Roshan Digital Account (RDA) holder at Bank AL Habib Limited (BAHL) with Resident Pakistani Spouse / parents / children as co-borrower or Resident Pakistani having RDA at BAHL.
- Having minimum working experience as follows:
- Regular Salaried individuals with minimum 2 years experience of current employer.
- Contractual Salaried individual with minimum 3 years experience.
- Self-Employed Professionals (SEP) and Business Individuals with minimum 3 years experience in similar profession / professional setup.
- Having minimum net monthly Income of:
- Employed / Working in Gulf Countries: Equivalent to DHS 10,000/-
- Employed / Working in Non Gulf Countries: Equivalent to USD 3,000/-
- Minimum Customer participation 15-45% depending upon the variant of vehicle.
- Holder of Permanent Resident Card / Nationality for Non-Gulf Countries, and Residency / Resident Card for Gulf Countries.
- Having clear credit history.
- Vehicle to be registered in the name of borrower or spouse / parent / child as co-borrower.
- Facility to be disbursed and monthly installments to be paid from Roshan Digital PKR Account.
- For lien based facility, 100% lien marking on financing amount on PKR deposit, 120% on foreign currency deposit.
- Processing fee, documentation etc to be charged as per the Bank’s Schedule of Charges.
- Minimum age at the time of application: 25 years.
- Maximum age at maturity of financing: 60 years for salaried, 65 years for SEP.
For lien based facility, minimum experience, minimum Down Payment, minimum income requirement and restrictions of stated jurisdictions shall not be applicable.
*Prevailing Certificate of deposit rate of Bank AL Habib Mahana Munafa account for respective tenure to be applied.
**Respective PKRV of the last day of previous month to be applied.