These Banks Are Offering Special Eid Financing Offers for Easy Car Installments

If you’re planning to buy a car in Pakistan, several banks are now offering flexible auto financing options. These plans come with fixed or variable rates and clear terms that make it easier to own a new or used vehicle. Two major banks, Bank AL Habib and Dubai Islamic Bank, are offering simple processes and multiple benefits.

Bank AL Habib – “Apni Car” Financing

Bank AL Habib offers its “Apni Car” financing for both new and used, locally assembled vehicles. If your car is up to 1000cc, you can finance it for up to five years. For larger vehicles, the financing term is up to three years.

Customers can choose between fixed or variable rate plans. The bank also allows partial or early payments, which gives you more control over your repayment schedule.

To qualify:

• You must be a Pakistani citizen between 23 and 60 years old (65 for self-employed individuals).
• You must hold a bank account and show proof of stable income, such as salary slips or rental/foreign remittance statements.

Dubai Islamic Bank – Shariah-Compliant, Fixed-Rate Financing

Dubai Islamic Bank offers a fixed markup of 14.7% for auto financing on both new and used vehicles. This offer is valid for loan terms ranging from one to three years. Financing is available up to 70% of the car’s value, from a minimum of Rs. 150,000 to a maximum of Rs. 3 million.

This plan is fully Shariah-compliant and includes flexible features:

• Finance cars up to 9 years old
• Tenures from 1 to 5 years
• Income clubbing option for joint applicants
• No payments required before car delivery in booking cases

To be eligible:

• You need a minimum monthly income of Rs. 25,000
• Salaried individuals must have 3 months’ work experience
• Self-employed professionals need 6 months; business owners need 12 months

What Documents Do You Need?

Most applications will require:

• A copy of your CNIC
• 2 passport-size photos
• Latest salary slip or business proof
• 6 months of bank statements

Co-applicant documents are needed for joint financing.

Both banks are offering simple, flexible solutions for car buyers. Whether you’re looking for a low markup rate, Islamic financing, or just fast processing with fewer documents, Bank AL Habib and Dubai Islamic Bank provide reliable ways to get behind the wheel.