Categories |
Lien Based |
Remittance Based |
| Financing Amount | Minimum: PKR 200,000/- Maximum: In accordance with the lien amount | Minimum: PKR 200,000/- Maximum: PKR 10,000,000 |
| Type of Vehicles | Non-Commercial Vehicle onlyBrand New Vehicles (Locally Manufactured / CBU)
Used Vehicles (Locally Manufactured / CBU) |
Non-Commercial Vehicle onlyBrand New Vehicles (Locally Manufactured / CBU)
Used Vehicles (Locally Manufactured / CBU) |
| Down Payment / Equity | 0% | Brand New Vehicle:Minimum 15% of Vehicle’s Value
Used Vehicle: Min. 30% for financing upto PKR 3.5 Million Min. 40% for financing above PKR 3.5 Million |
| Financing Tenor | Brand New VehicleMin. 1 Year & Max. 7 Years
Used Vehicle Min. 1 Year & Max. 5 Years |
Brand New VehicleMin. 1 Year & Max. 7 Years
Used Vehicle Min. 1 Year & Max. 5 Years |
| Pricing | SBP Floor Rate + 1% | 1 Year KIBOR + 1% |
Categories |
Lien Based |
Remittance Based |
| Basic Requirements | a. Must be Roshan Digital Account holder of ABL
b. Local Nominee (co-applicant) in Pakistan is mandatory c. 100% lien shall be marked in case of PKR RDA and 110% in case of foreign currency RDA against financing amount on Roshan Digital Account or Naya Pakistan Certificate till the maturity of loan |
a. Must be Roshan Digital Account holder of ABL
b. Local Nominee (co-applicant) in Pakistan is mandatory |
| Age |
|
Salaried
Self Employed
|
| Minimum Net Income | Not to be considered | 75% of average remittance shall be construed as net income |
| Nominee / Co-Applicant | a. Mandatory (in case applicant is NRP)b. Resident Pakistani
c. Spouse / Father / Mother / Brother / Sister / Son / Daughter d. Age: Minimum 18 Years |
a. Mandatory (in case applicant is NRP)b. Resident Pakistani
c. Spouse / Father / Mother / Brother / Sister / Son / Daughter d. Age: Minimum 18 Years |
Lien Based |
Remittance Based |
| a. Application Form
b. Copy of CNIC/SNIC/NICOP/POC of applicant c. 2 latest passport size photographs of applicant d. Copy of CNIC/SNIC/NICOP/POC of nominee e. 2 latest passport size photographs of nominee (co-applicant) 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) h. Undertaking for Nominee |
a. Application Form
b. Copy of CNIC/SNIC/NICOP/POC of applicant c. 2 latest passport size photographs of applicant d. Copy of CNIC/SNIC/NICOP/POC of nominee e. 2 latest passport size photographs of nominee (co-applicant) f. Declaration of Schedule of Charges g. Undertaking for Nominee |
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 on 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:
-
Lien-Based Financing
-
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 the applicant’s or the nominee’s name. However, if in the applicant’s name, their physical presence in Pakistan is mandatory.
Q. What is the financing tenor for this facility?
-
New Vehicles: 1 to 7 years
-
Used Vehicles: Up to 5 years
Q. Are any taxes applicable?
Yes, all applicable government taxes are to 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 a 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. Additionally, for used vehicles, valuation charges are payable directly by the applicant/nominee to the Valuation Agency.
Suggestions/Queries: [email protected]
Complaints: [email protected] or [email protected]