Do you wish to purchase your desired car but lack the total amount for payment in advance? Askari Bank provides a secure and convenient Car Loan Scheme to assist you in financing your vehicle with comfort. Both new and second-hand cars can be purchased from Askari Bank with an easy auto loan procedure having competitive interest rates and easy eligibility criteria.
In this article, we’ll guide you through the entire Askari Bank Car Loan conditions for 2025, such as eligibility, documentation, features, and major benefits.
Askari Bank Car Loan Major Features
Loan Tenure: 1 – 7 years- Loan Amount: up to PKR 5,000,000 (subject to income and eligibility)
- Financing Available: For new and old (upto 5 years old) cars
- Down Payment: at least 15% of the car value
Markup Rate: Competitive or fixed/variable options
Insurance: Compulsory, with a range of plans including tracker options
Islamic Option: Car Ijarah under Islamic banking mode available
Askari Bank Car Loan Eligibility Criteria
To get a car loan from Askari Bank, you need to fulfill the following criteria:
- Age Limit
Salaried Persons: 21 to 60 years
Self-Employed/Businessmen: 21 to 65 years
- Employment Status
Salaried Persons: At least 1 year of continuous service
Businessmen/Self-Employed: At least 2 years of business running
- Minimum Monthly Income
Salaried: PKR 30,000 or above
Self-Employed/Businessmen: PKR 50,000 or above (net income)
- Nationality
Should be a Pakistani citizen holding a valid CNIC/NICOP
Askari Bank Car Loan Required Documents
The following documents are required to be submitted along with the loan application by the applicants:
- For Salaried:
Copy of CNIC (Computerized National Identity Card) - Latest salary slips (last 3 months)
- Bank statement (last 6 months)
- Letter of employment or certificate
- 2 passport-sized photographs
- Proof of residence (utility bills, rental agreement, etc.)
For Self-Employed/Businessmen:
Copy of CNIC- Bank statement (12 months last)
- Business registration or ownership proof
- Tax returns (if applicable)
- 2 passport photographs
Residence proof
Vehicles Covered Types
Brand New Vehicles (all locally assembled and imported cars)
Used Vehicles (age and condition depending; generally not more than 5 years old)
Locally Manufactured or Imported Cars permitted
Askari Car Loan Benefits
Easy and Quick Processing- No Hidden Fees
- Facility to Make Partial Payments or Early Settlement
- Insurance Tied with Loan
- Islamic Banking Alternative (Car Ijarah)
- For Army Personnel and Civilians
How to Apply?
You can apply for an Askari Bank Car Loan in the following ways:
Visit your local Askari Bank branch
Apply online through the Askari Bank website
Call the bank helpline for assistance: 111-000-787
Use Askari Mobile App (if registered customer)
Askari Bank Car Loan Requirements
Askari Bank automobile loan is a wonderful choice for those who want to purchase a car on convenient installments with less documentation and quick approval. Whether salaried or self-employed, this automobile loan scheme provides convenience, security, and flexibility.
