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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Sales of cars and other vehicles including motorcycles touched 44,747 mark in August registering an increase of 41.60 percent compared to same month last year on the back of rising demand and production.

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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

 
 

MUSLIM COMMERCIAL BANK

MCB has a solid foundation of over 50 years in Pakistan, with a network of over 900 branches, over 750 of which are Automated Branches, over 197 MCB ATMs in 35 cities nationwide and a network of over 17 banks on the MNET ATM Switch.

It is therefore not surprising that Euromoney, Europe's leading Banking, Financial and Corporate magazine granted MCB the "Best Bank in Pakistan" in 2003, 2001, and in 2000 the "Best Domestic Bank in Pakistan" awards. In addition, MCB also has a distinction of winning the Asia Money 2004 award for being "The Best Domestic Commercial Bank in Pakistan".

MCB offers a wide range of financial products and advice for Personal and Corporate Customers. You can also apply on-line for many of our Online Services. Customers can access their accounts using our simple and convenient MCB Virtual Internet Banking services.

Car Financing: MCB Car4U

Benefits

• Option of financing or leasing.
• Competitive financing rates.
• Flexible equity/rate options.
• Financing tenure from 1-7 years.
• Financing up to Rs.20 Lacs (depending upon income, vehicle cost and down payment).
• Low processing fee of Rs. 3,500/-
• Valid for salaried personnel on contract.

Eligibility

• Pakistani national residing in an approved area/city.

• Not less than 21 years for businessmen, or 22 years of salaried personnel, and would not be more than 70 years on the maturity of the facility of Auto Finance.

• Salary/Income is at least Rs.12, 000/- per month with monthly installment not exceeding 50% of the take-home salary/income.

• Businessman/Self-employed person with a minimum experience of 1 year in the same business/profession.

• Permanent employee. For contract employees, 2 years on the job with the current employer or 3 years of overall experience.

Insurance

MCB CAR4U Auto Finance is not an ordinary power move. It is the only brand of Auto Finance that gives you an option to choose from a panel of reputable Insurance companies and secures your auto finance deal, on discounted rates.

Flexibility

MCB CAR4U provides you complete flexibility in creating your own deal. You have the power to choose the rate/ equity option that suits you the best. You can also choose a suitable tenure between 1-7 years.
MCB CAR4U is your power move! You plan; you choose and drive your way to success!

Accessibility

Read carefully and fill out the MCB CAR4U Auto Finance application and the Letter Of Understanding (LOU), available at our authorized dealers or with Auto Finance Sales (numbers on last page).

Excellence

• Power to make early payments, twice a year.
• Access to a wide dealership network.
• Quick Processing.
• Convenient access through more than 1000 MCB branches
• Relationship with MCB, a bank with over 50 years of quality service.
• Independent Service Quality Representatives to assist customers

Home Financing MCB Pyara Ghar

Benefit

• Option to Purchase, Renovate or Construct
• Competitive financing rates.
• Financing tenure from 2-20 years.
• Financing up to Rs. 10 Million.
• BTF-hassle free process to transfer your facility from another institution.
• Pre-approved for Auto Finance.

Eligibility

• Pakistani national residing in an approved city.
• Not less than 22 years or more than 65 years (at the time of finance maturity).
• Salary/ income is at least Rs. 18,000 per month with monthly installment not exceeding 50% of the take-home salary/income.
• Association with business / profession for at least 5 years.
• Salaried Individuals.*

Insurance

Start living a life of your own for now your property is secure with MCB Pyara Ghar that provides you mandatory property insurance (for the amount of loan). The life insurance is optional; however MCB encourages you to go for it as it secures your loan repayment, hence securing your family

 

 

 
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