Auto Power

Discover the Latest Motorbikes, Auto News, and Great Deals, Exclusively at  AutoPower!

Auto Power News logo-01
Honda service near me

Drive Your Dream Car with Faysal Islami Car Finance

June 9, 2025
0 Comments
Share

Faysal Bank is making it easier than ever for Pakistanis to drive away in their dream vehicle with the Faysal Islami Car Finance — a Shariah-compliant, transparent, and customer-friendly car financing solution. With 1-day approval, competitive rental rates, and a variety of flexible options, this offering stands out as a top choice for Islamic auto financing in Pakistan.

Apply now via the official portal: https://apply.faysalbank.com/car-finance/

What is Faysal Islami Car Finance?

Faysal Islami Car Finance is based on the Islamic principle of Diminishing Musharakah, where the bank and customer jointly own the vehicle. The bank leases its share to the customer, who gradually buys it back over time, eventually becoming the sole owner. This model ensures interest-free, ethical financing aligned with Islamic values.

Key Features of Faysal Islami Car Finance

  • 1-Day Approval for quick processing
  • Financing for new or used, locally manufactured or assembled vehicles
  • Up to 70% financing of the vehicle’s value
  • Tenure options:
    • Up to 5 years for vehicles ≤1000cc
    • Up to 3 years for vehicles >1000cc
  • No processing fee until approval
  • Installments begin after vehicle delivery
  • Partial prepayment and early settlement options
  • Co-partner facility available
  • Takaful coverage by reputable Islamic insurance providers
  • Vehicle tracker installed for added security
  • Financing available for used cars up to 9 years old
  • Property rental income accepted as primary or supplementary income

Eligibility Criteria

Citizenship: Must be a Pakistani national

Income Requirements:

  • Salaried: Minimum PKR 30,000/month
  • Contractual: Minimum PKR 50,000/month
  • Self-employed: Minimum PKR 40,000/month

Age Limit at Loan Maturity:

  • Salaried: 21–65 years
  • Self-employed: 21–70 years

Required Documentation

For Salaried Individuals:

  • Completed application form
  • Salary slip
  • CNIC (copy)
  • 2 passport-size photographs
  • SBP undertaking
  • 6 months of bank statements with salary credit
  • Employment certificate
  • Latest utility bill copy

For Business Owners / Self-Employed:

  • Completed application form
  • Business proof (e.g., NTN)
  • CNIC (copy)
  • 2 passport-size photographs
  • SBP undertaking
  • 6 months of bank statements
  • Professional degree/membership (for SEPs)
  • Latest utility bill copy

Why Choose Faysal Islami Car Finance?

Whether you’re a salaried individual or a business owner, Faysal Islami Car Finance offers a Shariah-compliant, transparent, and fast way to own a car without compromising your values. With flexible terms, security, and minimal hassle, it stands out as a trusted auto financing partner across Pakistan.

Disclaimer: This article is for informational purposes only. Terms, conditions, and eligibility criteria are subject to change based on Faysal Bank’s official policies. For the latest and most accurate details, please visit Faysal Bank’s official website or contact your nearest branch.


Share

Add a comment

Your email address will not be published. Required fields are marked *

Recent Posts

UBL Launches 0% Markup Instalment Plan for Revoo Electric Bikes

UBL Launches 0% Markup Instalment Plan for Revoo Electric Bikes

Dev
July 7, 2025
United Bank Limited (UBL) has introduced an exclusive 0% markup instalment plan for Revoo E-bikes, allowing UBL Credit Card holders to split their purchase into easy monthly payments for up to six months with no extra charges. This limited-time offer aims to make electric bikes more affordable and promote eco-friendly transport in Pakistan.

Welcome to Auto Power, Pakistan’s premier destination for motorcycles, scooties, and electric bikes. Additionally, our website keeps you updated with the latest news from the auto sector, ensuring you stay informed about the newest trends, releases, and advancements in the industry.

Latest News

  • All Posts
  • Auto News
  • Bike Launches
  • Car Launches
  • Car Prices
  • Car Reviews
  • Easy Installments
  • Electric Vehicle
  • Electronic Bikes
  • Motorcycle Prices
  • Motorcycle Reviews
  • Other News
  • Uncategorized
Indian Physicist Develops Self-Charging Electric Vehicle Using Wind Energy
Faysal DigiMall Launches Zero Markup Installment Plan for REVOO Electric Bikes
Sindh Government Reveals Karachi Port Motorway Corridor Plan
Islamabad Rolls Out Mandatory M-Tag and Digital Parking System
Honda Opens Bookings for HR-V e:HEV Hybrid in Pakistan
Lahore to Islamabad Motorway to Cut Distance by 100 KM