Are your business transportation needs being met?
With Alfalah Fleet Finance you can take foot off the brake. Alfalah Fleet Finance offers term loan facility that allows you to acquire Passenger Vehicles for your employees or commercial vehicles for your business. With commercial vehicles we also offer the financing of Body / fabrication. So get in gear and go ahead the distance.
Features & Benefits
- No Additional Collateral
- Customized Financing solutions to meet your cash flow streams
- Affordable markup rates
- Repayment tenure of 1 to 5 years
- Quick processing and disbursement of Loan Facility
- Minimal processing charges
- Residual Value/Bullet Payment Option
- Balloon Payment Option
- Vehicle Replacement Option
- Alfalah Fleet Finance is available for a variety of Vehicles (imported/local) but not limited to the following:
- Private Vehicles Local / Imported / Used / Reconditioned (Cars, SUVs, etc)
- Commercial Vehicles Local / Imported /Used / Reconditioned (Trucks, Buses etc.)
- Light Commercial Vehicles Local / Imported /Used / Reconditioned (Pickups, Tractors etc.)
- Body / Fabrication Attached to a Commercial Vehicle (Not to be Financed Separately)
Eligibility Criteria
- Proprietorship, Partnership and Private / Public Limited Companies; while in the same business since the last 3 years
- Maximum age at the time of application is 60 years for self-employed/sole proprietor of the business (no other types of businesses)
Security
- Personal guarantee(s) of proprietor, partners and directors
- The title of the Financed vehicle will be in the name of the customer and Bank Alfalah’s Lien will be marked on the title of the vehicle
- Security cheque covering full limit amount plus markup for three months
Rates and Charges
- 0.5 % of the finance amount
- Minimum Rs. 5,000 (if finance amount is less than Rs. 1 million)
