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MCB Car Loan Scheme: Payment Calculator and Installment Plans

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(Last Updated On: 12/02/2017)

Getting car financing from the Pakistan banks is no more a big deal. Today more or less almost every commercial bank operating in Pakistan is offering car financing and personal loans to their customers and the general public.

Just like most of the banks offering car financing, MCB is also offering car financing service as Car4U. Car Loan or even the car can be acquired from the approved car dealers of MCB or its customer centers. MCB Car Loan Services can be acquired by both salaried professionals and self-employed business person. Those MCB account holders who are regularly receiving their overseas remittances from their family members are also eligible for this service.

What is the loan tenure?

Financing Tenure from 1 to 7 years for New Cars & 5 years for Old Cars.

Features:

  • Finance up to PKR 6 Million for New Cars & PKR 4 Million for Used Cards
  • Finance Tenure from 1 to 7 years
  • Option to purchase new, used, local as well as imported cars
  • Finance up to 80% of vehicle value
  • Competitive insurance rates
  • Option to finance a second car
  • Options to prepay loan either partially to reduce monthly installment or in full to pay-off loan facility
  • Loan Replacement: Customers can easily upgrade their existing cars loan with a new loan with the pre-payment penalty waived

Eligibility Criteria:

  • Minimum monthly net salary / monthly income requirement: PKR 30,000/-
  • Minimum Age Requirement: 21 years
  • Maximum Age (at loan maturity): 65 years (salaried) and 70 (Self Employed)
  • Employment/Business Length: Minimum 6 months employment (salaried) / 1 year business (self-employed)

Minimum Documentation:

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

What are the modes of repayment?

You can repay by signing a Direct Debit Authority against an existing MCB account or open a new collection/repayment account to deposit your repayment in the same, which would enable the bank to deduct your installments from your account automatically.

What payments would be part of my down payment?

  • Equity
  • 1st years Insurance
  • Processing Fee

22 comments

  1. I need new bolan carry van

  2. please tell me about bolan suzuki carry van for installment and rule of mcb

  3. Sir.
    I need information of mehran and cultus cars please help me i working in ptcl

  4. I need a Honda swift on installments of at least 5 years and do guide me about the details of installments
    Plz contact me on this number:
    03069235241.
    And plz try to reply me as soon as possible

  5. I need toyota gli automatic please send me should fon one year

  6. Salam

    I need schedule for cultus, vaganor and swift as soon as possible.

  7. Aslam o alikum dear sr/ madam
    I need plan HONDA BRV 2018 pales send me my email

    Mumtaz Ahmed

  8. I need Honda city new car a loan

  9. Aslam o alikum dear sr/ madam
    I need plan suzuki Bolan vx 2018 pales send me my email

    Muhammad imran Sharja UAE

  10. I need suzki every car plan

  11. For Toyota 2012 plan should be of 5 years

  12. I want Toyota 2012 Model. Plz tell me the modalities.

    Regards

  13. I want to buy Suzuki Nolan plz help me
    Cell no 03347546423

  14. hi i want to buy Mehran vx…my contact no
    03224048295

  15. I m servig persone,want a car on instalment,plz provide me cell contact no me to know the procedures
    my contact no is 03466291158
    fb id is below

  16. I want to buy Toyota client 2018 model.i am overseas Pakistani please guide me
    about car price and instalment

  17. I need used toyota corolla 2015 model. here I want you tell me whats the procedure on lease this car and if I buy 5 years plan then how much money I will give you on behalf of down payments and how much payments I will pay on every month. please send me the detail I am waiting your reply.
    regards Muhammad Bilal.

  18. haroon murtaza Khan

    I want loan for Honda 1.5 Auto transmission . I am salaried person working in Shaukat Khanum Hospital Lahore.

  19. I want loan for mehran plz guide me with detail

  20. I need mehran new car a loan

  21. I need a car for loan

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