Getting a car is a no-brainer with the growing necessity to travel, whether for work or recreation. However, the bitter reality is that cars are not cheap.
You can fulfil your dream with HBL’s stress and a hassle-free car loan scheme – one can choose and buy any vehicle on a fixed markup that best suits your requirement and preference.
Features of HBL Car Loan Scheme
- Their financing limit ranges between PKR 200,000 to PKR 3,000,000.
- One is allowed to repay the entire amount within 5 years.
- One can choose locally manufactured cars – used or new.
- Receive finance for the desired vehicle up to 70% of its value.
- HBL will provide secured insurance with a tracker facility.
- They also have a vast network of 150 authorised dealers that provides an array of cars and brands.
- Across the country, HBL has around 1600 branches; the customers can apply for car loans anywhere in the country as they see fit.
- Their banking services are available 24/7, via HBL phone banking.
- No matter the query, their reliable customer service will assist you.
Use HBL Car Loan Calculator
- Clients can use our HBL loan calculator.
- They can select the vehicle’s price, in how many months they will repay the amount, and what is the security deposit.
- After setting these amounts accordingly, the calculator will show monthly installments accordingly.
- One thing to keep in mind is that the calculations will be exclusive of their insurance charges.
- And monthly installments will be tentative and can be changed with time.
What are the Eligibility Criteria for HBL Car Loan?
You can benefit from the HBL car loan scheme under the following criteria:
SALARIED INDIVIDUALS
- The applicant must be a citizen of Pakistan
- The applicant must not be under 22 or above 60.
- The applicant must have PKR 20,000 monthly income.
PENSIONER INDIVIDUALS
- The applicant must be a citizen of Pakistan.
- The applicant’s maximum age must be 70.
- The applicant must have a pension account with HBL.
- Their monthly income must be PKR 20,000.
SELF-EMPLOYED BUSINESS PERSONS/PROFESSIONALS
- The applicant must be a citizen of Pakistan.
- When applying, the applicant must be over 22 years old and a maximum of 70 years old.
- Their monthly income must be PKR 25,000.
What are the Required Documents for Applicants?
SALARIED INDIVIDUALS MUST PROVIDE
- The original copy of their CNIC
- Verified or attested copy of their CNIC
- Two fresh passport-size photographs
- Personal bank statement for at least the last three months.
- Fresh salary slip
SELF-EMPLOYED BUSINESS PERSONS/PROFESSIONALS MUST PROVIDE
- Attested copy of CNIC
- Original copy of National ID Card
- Personal bank statement for at least the last six months.
- Proof of business and occupation
- A bank letter confirming the account details
Frequently Asked Questions Regarding Car Loan
If an Applicant is a Non-resident Pakistani, Can He/she Apply for a Car Loan?
Yes, a non-resident Pakistani can apply for a car loan as long he or she is related to HBL Pakistan.
Can Two People Apply for the Car Loan Jointly?
Yes, two people can apply for a car loan; certain terms and conditions apply.
How to Apply for an HBL Car Loan?
One can easily apply for an HBL car loan by visiting their nearest branch.
Do I Have to Pay a Fee to Apply for a Car Loan?
No, HBL does no not charge their customers for applying for a car loan.
