Tokyo - Japan's largest carmaker Toyota Motor Corporation said Tuesday it will recall more than 176 000 passenger cars sold domestically due to defective brake parts and reported 470,000 cars shipped overseas have a similar problem.

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The Central Board of Revenue (CBR) last month enhanced the depreciation on used cars up to 50 to 80 percent from 800cc to 1800cc cars under the transfer of residence and gift scheme.

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FINANCING LIST

 
 

HABIB BANK LTD.

On 25th of August 1941, Habib Bank inaugurated its operations with the bank’s first branch in Bombay. In 1947 Karachi saw its first commercial bank of the newly formed Islamic Republic of Pakistan, when the bank shifted its head office there. Throughout the decades, HBL has held the mantle of a dynamic leader, by adding value to the lives of its customers.

It was HBL that introduced products such as Credit Cards, ATMs, Travelers Cheques, etc., to the Pakistani market. We at Habib Bank cater to the needs of millions with our quality products & services. Today, Habib Bank is truly the bank of the people, providing its customers convenience and satisfaction all over the world. Habib Bank Plaza, the tallest building in Pakistan, is the proud symbol of HBL’s leadership in Pakistan’s corporate arena.

Today, HBL has more than 1,700 branches all over Pakistan and presence in 26 countries across five continents. With a revamped customer oriented philosophy, we are pursuing new avenues of leadership through innovation, as we gear up to face the challenges of the new millennium.]

Product List:

  • Habib Bank Auto Finance
  • Habib Bank Flexi Loans
  • Lifestyles
  • House Finance

Car Financing:

Habib Bank Auto Finance – Your Car, Your Terms
Habib Bank Auto Finance, offers the customer, an expedient and economical way of fulfilling his requirement of owning the car of his choice on his terms. This lease product has been designed to provide the consumer flexibility in terms of choice of car and tenure. Options of affordable down payments, convenient repayment arrangements in the form of monthly rental payments, which are tailored to the expected cash flows of the customer are some of the host of value added features, this product offers its customers.

Salient Features of HBL Auto Finance:

Low Mark-ups leading to affordable monthly rentals.
Available throughout Pakistan
Tenures ranging from 36 to 60 months
Low Processing Charges
Deferred Payment Option
Financing of amounts up to Rs. 1.5 million
Insurance premium rates as low as 3%
Worldwide personal accidental insurance coverage for the entire family of the lessee of up to Rs. 200,000/-
Car choices of up to 1600 cc (New cars only)

Who Can Apply:

Pakistani residents
Salaried (minimum one year work experience), Self Employed Individuals (minimum three years in business) and Professionals (minimum one year in business)
Age between 25 – 60 (60 at maturity of loan)

Minimum Documentation Required:

Completed Application Form

Personal

• Attested copy of NIC
• Two recent Passport size Photographs
• Copy of latest paid residential utility bill (not Mobile Phone Bill)
• NTN Certificate (wherever applicable)

Income Related

• Latest salary Certificate (Salaried Individuals)
• Bank Statement 6 Months (Salaried), 12 Months (Self Employed & Professionals)

Occupational

• Employment Letter
• Proprietorship Certificate / Partnership Deed (Self Employed or Professionals)
• Certified latest Form A and Form 29 along with Articles and Memorandum of Association (Self • Employed or Professionals)
• Certificate of Incorporation (Self Employed or Professionals)
• Professional Body Registration copy (if applicable)

How to Apply:

Visit your nearest HBL designated branch

 

 

 
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