Who can apply for Faysal Islami Roshan Apni Car?
Faysal Islami Roshan Apni Car is a special product for Faysal Islami’s RDA customers only.
Under which segments the customer can apply?
Faysal Islami RDA customer can apply based on:
What pricing does Faysal Islami Roshan Apni Car offer?
Following would be the pricing:
What is KIBOR?
KIBOR is the Karachi Interbank Offered Rate used as a benchmark for price setting.
What type of vehicle can be financed with Faysal Islami Roshan Apni Car?
We offer financing against brand new and used locally manufactured and imported vehicles.
What are the financing tenure options offered by Faysal Islami Roshan Apni Car?
Tenure of the facility is between 1 to 7 years.
What is the minimum facility amount offered under Faysal Islami Roshan Apni Car?
The minimum facility amount is PKR 100,000
Will the vehicle be registered in my name during the facility tenure?
The vehicle will be registered in the name of the customer with HPA marked to Faysal Islami.
Can I sell my vehicle or transfer the Facility to a third person during the facility period?
No. This is a violation of the legal agreement and it should be avoided.
Do I need a good credit history to avail Faysal Islami Roshan Apni Car facility?
Yes, a good credit history is required to avail the facility.
What are the other charges applicable?
Tracker charges and Takaful charges are applicable. For all other charges, please refer Islamic Banking Schedule of Charges.
Can I repay the facility before the maturity date?
Yes, you can settle your car facility before the maturity date. However, certain charges will apply. For details please contact FBL Phone Banking at 111-06-06-06.
Will I have to pay any additional amount/charges for pre-payment/ early Settlement of the Facility/finance?
Yes. Charges will be applicable as per the Faysal Car Finance SOC. However, zero early settlement/pre-payment charges after first year.
What is the Takaful rate offered under this scheme?
The current takaful rate offered will be as low as 1.4%.
Is Takaful included on my financed car?
Faysal Islami Roshan Apni Car arranges a comprehensive Takaful coverage of vehicle from insurance companies listed on our Bank’s panel.
What is the minimum down payment amount required?
The customer is required to pay at least 15% of vehicle value and down payment varies on case to case basis.
What is the monthly installment due date?
2nd day and 15th day of every month.
What is the Charity amount?
Rs. 50/- per day will be levied as charity after the due date. this amount is calculated and is payable at the time of maturity/settlement of facility.
Where to contact in case of complaints?
In case of further queries or complaint you can call at our 24 hours’ available call center on 111-06-06-06.