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Wednesday, 06th May 2015  
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Features Details
Product Type: Financing for new, used and imported vehicles.
Segment Annual Mark-up
Armed Forces 12 Months Kibor + 1.5% (Up to 3 years)
12 Months Kibor + 2% (More than 3 years)
Branch Customers (Salaried Individuals) 12 Months Kibor + 3% (Up to 3 years)
12 Months Kibor + 3.5% (More than 3 years)
Branch Customers (SEB/SEP) 12 Months Kibor + 3.5% (Up to 3 years)
12 Months Kibor + 4% (More than 3 years)
Non Branch Salaried Customers 12 Months Kibor + 4%
Non Branch SEB/ SEP Customers 12 Months Kibor + 4.5%
Used/ Imported Vehicles 12 Months Kibor + 5%
Charges: As Per "Schedule of Bank Charges".
Insurance: Built in Insurance & Tracker.
Financing Tenor:
New 1 to 7 years
Used Used vehicles should not be older than 5 years and the age of the vehicle should not exceed 8 years at the time of maturity of loan.
Imported In case of imported vehicles, the bank shall not finance the vehicles older than 5 years.
Equity Requirement:

1. New Vehicles: Minimum 20%
2. Imported Vehicles: Minimum 30% of the FSV of the vehicle
3. Used Vehicles: Minimum 25% of the FSV

Co-borrower:: Parents, Spouse and Son can be considered as co-borrower. Further, brother/ sister can be considered if other options are not available and provided they are employed/ self-employed.

Mandatory for all applicants including co-borrowers.
Debt burden inclusive of all existing and proposed liabilities shall not exceed 50% of net disposable income.

Minimum Income:

Min. Income


Relation/ Service Length
AKBL Approved List of Companies RS. 25,000/- Permanent Employees
Armed Forces RS. 25,000/- Commissioned Officers
AKBL Branch Customers (Salaried) RS. 25,000/- 6 Months Salary relationship with AKBL
AKBL Branch Customers (SEB/SEP) RS. 50,000/- 1 Year account relationship with AKBL
Non Branch Customers (Salaried) RS. 40,000/- 1 Year Continuous Service Length
Non Branch Customers (SEB/SEP) RS. 65,000/- 2 Years in Current Business
Government Sector BPS 16 or Above 6 Months Service length
Individual with Rental Income RS. 100,000/- 6 Months
Standard Financing Documents
1. Completely filled signed application.
2. Clear photocopy of CNIC of applicant & Co-Borrower.
3. One Recent Passport size photograph of applicant.
4. Latest Salary slip.
5. 6 months bank statement.
6. Proof of business & other income.
7. NTN certificate (optional).
8. Bank letter for proprietorship.
9. Partnership deed (if applicable).
10. Form A/ Form 29 (For Limited companies).
11. Copy of the latest paid utility bill received at the residential address.
12. SBP CF-1 form.
You can apply by visiting any of our Consumer Business Centers/ Branches or by calling at our 24hrs call center at 111-000-787. Our dedicated staff will help you completing your loan application form and other formalities.
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