Introduction:
The first commercial bank in Pakistan is HBL (Habib Bank Limited). Pakistan’s largest private sector bank, with over 1,500 branches across country. HBL offers Car finance choices to help consumers get their dream cars at affordable prices. Visit official website of Habib Bank Limited HBL for further authentic detailed information https://www.hbl.com/personal/loans/hbl-car-loan.
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Features and Benefits:
Customers may take advantage of a variety of features and benefits from HBL Car Financing. You may select any sort of vehicle, new or secondhand. You have five years to repay the loan (5 years for used automobile finance). HBL offers up to 70% financing on your desired vehicle. For peace of mind, you may also choose secured insurance with or without a tracker option. HBL Phone Banking is accessible 24 hours a day, seven days a week to give assistance, manage your repayment and loan account status, and provide additional value-added services.
Eligibility Criteria:
To be eligible for HBL Car Financing, you must be a Pakistani citizen with a minimum monthly net salary or monthly income of PKR 55,000. The minimum age requirement is 22 years, and the maximum age limit at loan maturity is 65 years (for salaried individuals) and 70 years (for self-employed individuals). The length of employment or business should be at least 6 months for salaried individuals and 1 year for self-employed individuals.
Required Documents:
To apply for HBL Car Financing, you need to provide the following documents:
For Salaried Individuals:
- Copy of CNIC/NICOP/POC
- Two recent passport size photographs
- Latest pay slip/salary certificate from the employer
- Bank statement for the last 6 months
- Duly filled loan application form
For Businessmen and Self-Employed Professionals:
- Copy of CNIC/NICOP/POC
- Two recent passport size photographs
- Bank statement for the last 6 months
- Proof of profession or business
- Proprietorship letter
- NTN certificate
- Tax returns of 2 years
For Professional Degree and Valid Membership of Applicable Professional Body (for SEP only):
- Duly filled loan application form
- Proprietors, Partnership Concerns, or Limited Company
- Copy of CNIC/NICOP/POC
- Two recent passport size photographs
- Declaration of proprietorship, Certified Partnership Deed, Memorandum & Article of Association, Form A & 29 and Company Profile
- Bank statement for the last 6 months
- Tax Returns and Assessment Order for the last 2 years
- Copy of latest utility bill
HBL Car Loan Calculator – How to Apply Online:
HBL offers a car loan calculator to help you figure out your monthly car loan payment. To calculate the monthly auto loan payment, input the down payment and loan term. Interested should visit official website to check the installment plan.
How to Apply online for HBL Car Installment Plan 2023:
You may apply for HBL Car Financing by visiting your nearest HBL branch or calling 111-111-425. More information is also available online at https://www.hbl.com/personal/loans/apply-for-car-loan.
Conclusion:
HBL Car Financing is the finest alternative for financing your vehicle at a low interest rate. You may buy your ideal automobile without worrying about the financial strain thanks to its simple repayment choices and a large selection of features and bonuses.