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Car Finance
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- Your sale, your terms. Sell when you’re happy with the offer
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Car Financing Banks
Our trusted finance partners in Pakistan
What is Car Financing?
Car Financing is a way to buy a car without paying the full price upfront. You borrow money from a bank, dealership, or lender, then repay it in monthly installments (with minimum interest) over time.
- Upfront Payment: Pay a small deposit (down payment) first.
- Monthly Payments: Fixed amounts spread over 1-7 years.
- Tax Benefits: Claim tax deductions on car financing used for business purposes.
- Interest Rates: Vary based on credit score, loan term, and lender.
- Flexible Options: Choose loan terms that fit your budget.
- Approval Factors: Credit history, income, and employment matter.
It’s like “renting to own” a car while driving it!
How Does Car Financing Work?
Find Your Dream Car
Find a car from Wise Wheel marketplace! By using our service, you can be certain that every seller and car for sale on our site are legitimate, have no liens, and are being sold by their rightful owners.
Explore Different Financing Partners
With various banks and financial institutions, each offering car financing with interest rates around 15.93% that may vary based on banks, so it's essential to compare offers to find the best deal.
Get Approved
Get approved for the car loan and enjoy your dream car right away without breaking the bank all at once.
What is the best car financing option for me?
| Financing Rate *rate is inclusive of Kibor |
Insurance Rate *rate is inclusive of Kibor |
Processing Fee *rate is inclusive of Kibor |
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Featured
Popular Financed Cars In Pakistan
FAQS
Find what you want to know about Car Financing
What is the eligibility criteria required for financing a car in Pakistan?
The eligibility criteria for financing a car in Pakistan varies. For a salaried person, the applicants age should be 22 years old or a maximum of 65 or less at the time of maturity. The maximum income of the salaried person should be RS 80,000. The salary of a self-employed individual should be RS 1,00,000. However, in the case of pensioner/remittance income, the minimum age should be 65 or less, with a salary of RS 1,00,000.
What is Islamic car finance?
Islamic car finance is a type of financing that follows Shariah-compliant principles. It operates on the concept of Musharakah, where the bank and the borrower share the cost and profit of the car purchase.
What are the documents required for car financing in Pakistan?
The documents for car financing vary on the type of employment in Pakistan. The general documents that we need are 2 passport-size pictures, a CNIC copy, an appointment letter, a bank account maintenance letter, and a letter with 6 months to 1 year of job experience. In addition, both bank letters and bank statements should be signed and stamped.
Is car financing halal or haram?
The permissibility of car financing, also known as auto loans, in Islamic finance depends on the specific structure and compliance with Shariah principles. Islamic banks offer halal car financing options that adhere to Shariah guidelines, such as avoiding interest-based transactions and promoting profit-sharing models. It is important for individuals to seek guidance from Islamic scholars or experts to ensure compliance with Islamic principles in car financing.
What is the minimum amount required for car finance?
The minimum amount required for car finance is 35% as a down payment. Our user-friendly auto loan calculator helps you to take a car on installments in Pakistan. You can compare the interest rate, insurance rates, markup, and varying Kibor rates of changing banks. It will help you to take a bank loan for car at a reliable price according to your budget.
How can I pay the minimum amount of money in each installment?
The loan tenure and EMI (equated monthly installment) are inversely related. This means the longer you take to pay off the loans, the lower the amount in installments you will have to pay and vice versa.
