Saadiq Auto Finance Features

car help

Financing solution to help you buy your new car.

car loan

Avail financing to buy a used car.

money transfer

Transfer your existing facility from of other banks to SCBPL.

money other cash

Finance up to PKR 3 Million

money change transfer limit 01

Both fixed and floating options available.

time flexible instalment

Financing available with range of repayment options from 1-5 years.

Auto Finance

Please fill in the following information for an estimation of your repayment amount. The Approximate Monthly Repayment figure for Auto Finance is indicative and is not meant to be final or binding on the Bank. The Bank reserves the right to determine the final rental rate in accordance with applicable laws and amount that can be financed.

Vehicle Value Please enter an amount between PKR 2000000 and PKR 9000000

    • 2000000
    • 3000000
    • 90000000

    Please enter an amount between PKR 2000000 and PKR 9000000

    Bank Share


    Financial Years

    Interest paid comparison
    Finance Amount Takaful Payment Monthly Payment
    Approximate Monthly Repayment

    Application Eligibility

    • Nationality: Pakistani
    • Cities: Karachi, Lahore, Islamabad/Rawalpindi
    • Age: 21 Years to 60 Years (Salaried) & 65 Years (Self-Employed)
    • Income: PKR 100,000

    Documents Required

    • Copy of Valid CNIC
    • Salary Slip/ Bank Statement*
    • Vehicle Quotation

    • New Vehicles (Locally Manufactured)
    • Used Vehicles (Locally Manufactured)

    Minimum 15% of the car value is required as customer’s contribution for 1000cc & lower engine capacity and minimum 30% of the car value is required as customer’s contribution for above 1000cc engine capacity vehicle

    • Minimum financing tenure is 1 year
    • Maximum financing tenure is:
      • 7 years for 1000 cc & lower engine capacity and
      • 5 years for above 1000cc engine capacity vehicle
    • Minimum financing is PKR 1mn
    • Maximum financing is PKR 3mn

    Both fixed and variable options are offered.

    5 years at the time of application and 10 years at the time of maturity of the facility.

    Yes, you have the option to purchase the bank’s share and pay the amounts as per the prevailing SOC’s after six months of availing the finance facility. However, early settlement 5.5% / amount will be included in the purchase price amount. Further, in case of sales & lease back facility, early purchase cannot be done before one year of the execution of the transaction.

    Customer has undertaken in the facility agreements to pay an amount as charity which will be paid for charitable purposes on customer’s behalf by the Bank as approved by the authorities and Shariah Board of the Bank.

    Takaful is mandatory for all vehicles being financed under this facility. There is a panel of takaful companies offered from which the client can select the takaful provider.

    No, customers cannot avail auto financing facility for an imported vehicle, however RDA clients can apply for Roshan Apni Car financing facility for any imported vehicle

    Auto finance is based on the Islamic structure of “Diminishing Musharakah”. Diminishing Musharakah is a form of co-ownership in which the Bank and customer share the joint ownership of a tangible asset (e.g. car) in an agreed proportion. It is agreed that one of the co-owners (customer) will purchase, in periodic instalments, the share of the other co-owner (Bank) until the ownership of that tangible asset is completely transferred to the purchasing co-owner (customer). Furthermore, along with the purchase of share, the (purchasing) co-owner will also make agreed periodic payments (rent) for the usage of other co-owner’s share in the asset, till ownership of the asset is completely transferred to the customer.

    Saadiq Auto Finance A Shariah Compliant Auto Financing solution with flexible payment options and low Takaful rates.
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