• Net Income: PKR 40,000 per month
• Minimum Age Requirement: 21 years*
• Maximum Age (at loan maturity):
  • 65 years (salaried) and
  • 70 (Self Employed)
• Employment Length:
  • Minimum: 6 months employment (salaried)*
  • Business Length: Minimum: 1 year business (self-employed)*
  • Minimum 6 month’s remittance history through banking channel (Foreign Remittance Segment)

You can apply for MCB Car4U loan if you have the income source through the following options:

• Salaried
• Self-Employed
  • Self-Employed Businessmen
  • Self-Employed Professionals
• Agriculturists
• Land Lords – Rental Income
• Foreign Remittances
• Income from Fixed/Term Deposits
• You can also jointly borrow with Spouse through income clubbing option

• Copy of CNIC
• 2 passport sized recent photographs
• Bank statement (6 month to 1 year)
• Salary slip/ proof of business or other documents

• Competitive Pricing
• Finance Tenor: Up to 7 years

  3 years	Above 1000cc engine capacity vehicle
  5 years	Vehicles of up to 1000cc engine capacity

• You can finance locally manufactured new and used cars.
• Finance up to 70% of vehicle value*
• Comprehensive insurance
• Option to finance a second or third car
• Prepayment Option: allows you to prepay part of full amount of the loan after incurring prepayment charge.
• Through facility repayment option, upgrade your existing cars loan with a new loan with no penalty

Residual Value

The residual Value product allows you to pay up to 50% of the principal amount as a lump-sum (balloon) payment at the end of the loan tenure. This improves the affordability of the installments as well as helps in buying higher-end vehicle.

Post Booking

If you have already booked any vehicle and need financing for the remaining amount, you can still apply for a loan with MCB Bank through our Post-Booking loan option.

Upgrade with no penalty

You can upgrade your car and adjust your loan against the new loan without a prepayment penalty.

Lease

Lease variant is also available for all customers.

Deferred Installment

This plan allows customers to opt for 3 to 6 months deferred installment plans to match their vehicle delivery.

• No processing fee is payable if the loan is not approved
• Take delivery of vehicle immediately upon its availability without waiting for the registration
• 160+ approved Auto dealership across the country
• Quick processing, through dedicated operations teams in Karachi, Lahore and Islamabad
• Quick NOC issuance at the expiry of the loan tenure
• Consumer Offices/Customer Walk-in Centers in 11 major cities.