Al Baraka Carsaaz – Bari Gari.. Karlo Tayyari

You can now turn your driving aspirations into a reality with Al Baraka Carsaaz! Get vehicles of over Rs. 40 lacs with an irresistible offer through Islamic Financing. Enjoy the vehicle of your choice with comfort and complete peace of mind with Al Baraka Carsaaz, designed to cater to all your new, used or imported vehicle financing needs with the lowest Takaful rates. Not only this, gain free trackers and the quickest processing with our customer service, along with exclusive low pricing to suit your needs.

Al Baraka Carsaaz(Auto Finance) is one of the most distinct Shari’ah compliant products offered by Al Baraka Bank (Pakistan) Limited for personal use. It allows you to get a vehicle of your choice with comfort and complete peace of mind. This product is ideal for individuals looking for car financing without compromising their values and beliefs. Al Baraka Carsaaz is designed to cater to all your needs regarding the purchase of a brand new, used or an imported vehicle for your personal use. Now you can steer yourself onto the right path effortlessly.

You may Call or Whatsapp Us on 03 111 705 355

  • Shari’ah compliant.
  • Transaction Mode is Diminishing Musharakah.
  • Quick processing.
  • Most affordable Installments.
  • No upfront Installments before delivery of the vehicle.
  • No funding profit charged during the Advance Booking period.
  • Payable in tenure of 12 to 84 months.
  • Minimum processing charges.
  • Minimum working experience of 2 years in continuity with at least 6 months with the current employer.
  • Minimum net monthly income of Rs. 30,000/-
  • Age between 22 to 62 years (62 years of age at the time of maturity of facility).

 

DOCUMENTS REQUIRED

  • Two recent passport size photographs.
  • Copy of valid CNIC.
  • Employment Certificate/ latest 3 months salary slips (preferably attested by the Human Resources Department).
  • Latest six months’ bank statement reflecting the monthly credit of salary.
  • Form 29 in case of directors.
  • Account Maintenance Certificate.
  • In business / practice for a minimum period of 3 years in continuity.
  • Minimum net monthly income of Rs.50,000/-.
  • Nature of business to be in conformity / ambit of the the Shari’ah guidelines.
  • Age between 24 to 65 years (65 years at the time of maturity of facility).

 

DOCUMENTS REQUIRED

  • Copy of valid CNIC.
  • NTN Certificate.
  • Proof of three years in continuous business (Letter of Proprietorship/Partnership Deed/ last 3 years tax returns with receipts).
  • Last six months’ bank statement.
  • Copies of any two latest paid Utility Bills (residence & business).
  • NOC from partners (if applicable).
  • Signature verified from the bank.
  • CNICs of partners (if applicable).
  • Form 29 in case of directors.
  • Account Maintenance Certificate.
  • Carsaaz Auto Financing Rates

    Al Baraka Bank brings you exclusively low pricing & Takaful rates. See the table below for details:

    Exclusive Rental Rates One Year KIBOR + 3.25%
    Exclusive Takaful Rates 1.50%
    Tracker Cost Free Service