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MCB Bank Ltd.

MCB Car4U has a complete solution for car finance with the following mentioned benefits:

Contact Details

Visit your nearest MCB branch or contact our call center at 111-000- MCB (622). You may

also dial 042-35987979 for MCB’s Consumer Helpdesk.

Availability

MCB Car4U can be availed through any of our 140+ approved Car dealers, by visiting any of our Customer Walk-in Centres, through our Call Centre, and/or through a network of 1,050+ Car4U approved branches.

Special Convenience/ Services:

• Agriculturists, landlords and foreign remittance recipients are eligible

• No processing fee is payable if the loan is not approved

• Drive away your car immediately after delivery of the vehicle – no need to wait till

registration.

• 140+ approved Auto dealership across the country

• Quick processing, through dedicated operations teams in Karachi, Lahore and

Islamabad.

• Quick NOC issuance at the expiry of the loan tenure

• Consumer Offices/Customer Walk-in Centers in 12 major cities

Features and Benefits

  • Finance up to PKR 3 Million for New & Used Cars
  • Finance Tenure from 1 to 5 years
  • Option to purchase New, Used and Local Cars
  • Finance up to 70% of vehicle value*
  • Competitive Insurance Rates Option to Finance a Second Car
  • Options to Prepay loan either partially to reduce monthly installment or in-full to Pay-off loan facility
  • Loan Replacement: Customers can easily Upgrade their existing Cars loan with a New loan with the Pre-payment penalty waived

Required Documents

  • Salaried:
  • Copy of CNIC / NICOP / POC 2 recent passport size photographs
  • Latest pay slip / salary certificate from employer Bank statement for the last 6 months
  • Duly filled loan application form
  • Businessman and Self-Employed Professional:
  • Copy of CNIC / NICOP / POC 2 recent passport size photographs
  • Bank statement for the last 6 months
  • Proof of profession or business Proprietorship letter
  • NTN certificate Tax Returns of 2 years
  • Professional Degree and Valid Membership of Applicable Professional Body (For SEP Only):
  • Duly filled loan application form Proprietors, Partnership Concerns or Limited Company
  • Copy of CNIC / NICOP / POC 2 recent passport size photographs
  • Declaration of proprietorship, Certified Partnership Deed, Memorandum & Article of Association, Form A & 29 and Company Profile Bank statement for the last 6 months
  • Tax Returns and Assessment Order for the last 2 years
  • Copy of latest utility bill Duly filed application form

Eligibility

  • Pakistani Citizenship Minimum Monthly Net Salary / Monthly Income Requirement: PKR 55,000
  • Minimum Age Requirement: 22 years*
  • Maximum Age (at loan maturity): 65 years (salaried) and 70 (Self-Employed)
  • Employment/Business Length: Minimum 6 Months Employment (Salaried)* / 1 Year Business (Self-Employed).*