Categories |
Lien-Based |
Remittance-Based |
|---|---|---|
| Financing Amount | Minimum: PKR 200,000/- Maximum: Based on lien amount |
Minimum: PKR 200,000/- Maximum: PKR 10,000,000 |
| Type of Vehicles | Non-Commercial only Brand New (Locally Manufactured/CBU) Used (Locally Manufactured/CBU) |
Same |
| Down Payment / Equity | 0% | Brand New Vehicle: Minimum 15% of vehicle value Used Vehicle: – Min. 30% for financing up to PKR 3.5 Million – Min. 40% for financing above PKR 3.5 Million |
| Financing Tenor | Brand New: 1 to 7 Years Used: 1 to 5 Years |
Same |
| Pricing | SBP Floor Rate + 1% | 1-Year KIBOR + 1% |
Categories |
Lien-Based |
Remittance-Based |
|---|---|---|
| Basic Requirements | a. Must be an RDA holder of ABL b. Local nominee (co-applicant) in Pakistan is mandatory c. 100% lien on PKR RDA, 110% on Foreign Currency RDA/NPC till loan maturity |
a. Must be an RDA holder of ABL b. Local nominee (co-applicant) in Pakistan is mandatory |
| Age | Minimum: 22 Years Maximum: No upper age limit |
Salaried: – Minimum: 22 Years – Max at application: 59 Years – Max at maturity: 60 YearsSelf-Employed: – Max at application: 64 Years – Max at maturity: 65 Years |
| Minimum Net Income | Not applicable | 75% of average remittance is considered net income |
| Nominee / Co-Applicant | a. Mandatory (if applicant is NRP) b. Must be a Resident Pakistani c. Eligible relatives: Spouse / Father / Mother / Brother / Sister / Son / Daughter d. Minimum Age: 18 Years |
Same |
Lien-Based |
Remittance-Based |
|---|---|
| a. Application Form | a. Application Form |
| b. Copy of CNIC/SNIC/NICOP/POC of applicant | b. Copy of CNIC/SNIC/NICOP/POC of applicant |
| c. 2 latest passport-size photographs of applicant | c. 2 latest passport-size photographs of applicant |
| d. Copy of CNIC/SNIC/NICOP/POC of nominee | d. Copy of CNIC/SNIC/NICOP/POC of nominee |
| e. 2 latest passport-size photographs of nominee (co-applicant) | e. 2 latest passport-size photographs of nominee (co-applicant) |
| f. Declaration of Schedule of Charges | f. Declaration of Schedule of Charges |
| g. Undertaking to mark lien on collateral / IB-26A (only for lien on NPC) / IB-28 (only for lien on RDA deposit) | g. Undertaking for Nominee |
| h. Undertaking for Nominee |
You may use the Roshan Apni Car Installment Calculator to estimate your monthly payments.
Q. What is Roshan Apni Car?
Roshan Apni Car is a digital car financing solution for ABL Roshan Digital Account holders, enabling them to finance vehicles through affordable monthly instalments.
Q. What is the basic eligibility to avail Roshan Apni Car facility?
Eligibility requires a Roshan Digital Account with ABL and a valid NICOP, CNIC, or SNIC.
Q. How many variants of Roshan Apni Car financing are available?
There are two variants:
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Lien-Based Financing
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Remittance-Based Financing
Q. Who is a nominee?
A nominee is the beneficiary of the vehicle and must be a close relative residing in Pakistan—spouse, parents, children, or siblings of the applicant.
Q. Will the vehicle be registered in the applicant’s or nominee’s name?
The vehicle can be registered in either name. However, if in the applicant’s name, physical presence in Pakistan is mandatory.
Q. What is the financing tenor for this facility?
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New Vehicles: 1 to 7 years
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Used Vehicles: Up to 5 years
Q. Are any taxes applicable?
Yes, all applicable government taxes must be paid by the customer.
Q. How are the monthly instalments repaid?
Instalments are deducted in PKR from the Roshan Digital Account maintained with ABL. If the RDA is in foreign currency, a PKR account must be opened. A Direct Debit Authority must be submitted by the applicant.
Q. Are there any charges to apply for Roshan Apni Car?
Yes, a one-time processing fee (as per ABL’s prevailing Schedule of Charges) is applicable after approval. For used vehicles, valuation charges are payable directly by the applicant/nominee to the Valuation Agency.
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Suggestions/Queries: [email protected]
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Complaints: [email protected] or [email protected]